Trium Capital LLP Acquires Shares of 154,622 Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Trium Capital LLP acquired a new position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 154,622 shares of the utilities provider's stock, valued at approximately $680,000. Trium Capital LLP owned about 0.13% of Consolidated Communications at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Private Advisor Group LLC raised its stake in shares of Consolidated Communications by 34.1% in the second quarter. Private Advisor Group LLC now owns 2,264,899 shares of the utilities provider's stock valued at $9,966,000 after buying an additional 575,340 shares during the period. Wolverine Asset Management LLC raised its stake in shares of Consolidated Communications by 91.4% in the second quarter. Wolverine Asset Management LLC now owns 308,682 shares of the utilities provider's stock valued at $1,358,000 after buying an additional 147,416 shares during the period. Rhumbline Advisers raised its stake in shares of Consolidated Communications by 2.1% in the second quarter. Rhumbline Advisers now owns 244,967 shares of the utilities provider's stock valued at $1,078,000 after buying an additional 5,066 shares during the period. Rather & Kittrell Inc. bought a new stake in shares of Consolidated Communications in the second quarter valued at $112,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Consolidated Communications by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 604,060 shares of the utilities provider's stock valued at $2,658,000 after buying an additional 16,217 shares during the period. Hedge funds and other institutional investors own 79.98% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Consolidated Communications in a research note on Saturday, July 27th. They issued a "sell" rating on the stock.

Consolidated Communications Price Performance

Shares of NASDAQ:CNSL remained flat at $4.57 during midday trading on Monday. The company had a trading volume of 475,207 shares, compared to its average volume of 601,034. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.51. Consolidated Communications Holdings, Inc. has a 12 month low of $3.28 and a 12 month high of $4.65. The company has a market capitalization of $541.45 million, a price-to-earnings ratio of -1.76 and a beta of 0.98. The business's 50 day moving average price is $4.53 and its two-hundred day moving average price is $4.39.

Consolidated Communications (NASDAQ:CNSL - Get Free Report) last announced its earnings results on Tuesday, August 6th. The utilities provider reported ($0.39) earnings per share for the quarter. The business had revenue of $268.71 million during the quarter. Consolidated Communications had a negative return on equity of 25.00% and a negative net margin of 17.74%.

Consolidated Communications Profile

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.