Aperio Group LLC Boosts Stake in Consolidated Communications Holdings, Inc. (CNSL)

Aperio Group LLC grew its holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 37.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,252 shares of the utilities provider’s stock after acquiring an additional 11,803 shares during the quarter. Aperio Group LLC owned 0.06% of Consolidated Communications Holdings worth $825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CNSL. SG Americas Securities LLC bought a new stake in shares of Consolidated Communications Holdings in the second quarter valued at approximately $127,000. QS Investors LLC boosted its position in shares of Consolidated Communications Holdings by 17,467.6% in the second quarter. QS Investors LLC now owns 6,500 shares of the utilities provider’s stock valued at $140,000 after acquiring an additional 6,463 shares during the period. Advisor Group Inc. boosted its position in shares of Consolidated Communications Holdings by 28.7% in the second quarter. Advisor Group Inc. now owns 8,268 shares of the utilities provider’s stock valued at $167,000 after acquiring an additional 1,846 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Consolidated Communications Holdings by 79.2% in the second quarter. State of Alaska Department of Revenue now owns 10,020 shares of the utilities provider’s stock valued at $215,000 after acquiring an additional 4,430 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Consolidated Communications Holdings in the second quarter valued at approximately $236,000. 58.00% of the stock is owned by institutional investors.

In related news, Director Robert J. Currey acquired 3,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was purchased at an average cost of $17.50 per share, for a total transaction of $52,500.00. Following the completion of the purchase, the director now directly owns 45,995 shares of the company’s stock, valued at approximately $804,912.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert J. Currey acquired 2,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were bought at an average price of $18.18 per share, with a total value of $36,360.00. Following the completion of the purchase, the director now directly owns 45,995 shares of the company’s stock, valued at $836,189.10. The disclosure for this purchase can be found here. Insiders have acquired 26,938 shares of company stock valued at $420,821 over the last quarter. Corporate insiders own 3.00% of the company’s stock.

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) opened at $13.39 on Tuesday. The company has a market capitalization of $952.74, a price-to-earnings ratio of 38.43, a P/E/G ratio of 24.23 and a beta of 0.86. Consolidated Communications Holdings, Inc. has a 12-month low of $13.04 and a 12-month high of $30.23. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.88 and a quick ratio of 0.88.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be paid a dividend of $0.387 per share. The ex-dividend date is Thursday, January 11th. This represents a $1.55 annualized dividend and a yield of 11.56%. Consolidated Communications Holdings’s dividend payout ratio is currently -287.03%.

CNSL has been the subject of several research reports. BidaskClub raised Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. ValuEngine raised Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Cowen and Company reaffirmed a “hold” rating and issued a $22.00 target price on shares of Consolidated Communications Holdings in a research report on Friday, July 28th. TheStreet cut Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reduced their target price on Consolidated Communications Holdings from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $22.00.

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Consolidated Communications Holdings Profile

Consolidated Communications Holdings, Inc is a holding company with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.

Institutional Ownership by Quarter for Consolidated Communications Holdings (NASDAQ:CNSL)

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