FMR LLC boosted its holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL - Free Report) by 26.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 565,450 shares of the utilities provider's stock after buying an additional 119,575 shares during the quarter. FMR LLC owned approximately 0.48% of Consolidated Communications worth $2,624,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Rather & Kittrell Inc. acquired a new stake in Consolidated Communications during the 2nd quarter worth $112,000. AQR Capital Management LLC increased its position in shares of Consolidated Communications by 22.1% during the second quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider's stock worth $123,000 after purchasing an additional 5,074 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Consolidated Communications by 14.2% during the second quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider's stock worth $144,000 after purchasing an additional 4,061 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Consolidated Communications by 76.5% in the 3rd quarter. SG Americas Securities LLC now owns 42,966 shares of the utilities provider's stock valued at $199,000 after purchasing an additional 18,626 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Consolidated Communications in the 2nd quarter valued at about $192,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.
Consolidated Communications Stock Performance
CNSL traded up $0.01 during trading on Friday, hitting $4.70. 323,077 shares of the stock were exchanged, compared to its average volume of 558,799. The firm has a market capitalization of $556.81 million, a P/E ratio of -2.29 and a beta of 0.98. Consolidated Communications Holdings, Inc. has a 1-year low of $4.18 and a 1-year high of $4.72. The stock has a fifty day moving average price of $4.65 and a two-hundred day moving average price of $4.56. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 10.13.
About Consolidated Communications
(
Free Report)
Consolidated Communications Holdings, Inc, together with its subsidiaries, provides broadband and business communication solutions for consumer, commercial, and carrier channels in the United States. It offers high-speed broadband Internet access, SIP trunking, and voice over Internet protocol (VoIP) phone services; commercial data connectivity services in various markets, including Ethernet services, private line data services, software defined wide area network, and multi-protocol label switching services; networking services; cloud-based services; and data center and disaster recovery solutions.
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