Martin & Co. Inc. TN Increases Stake in Consolidated Communications Holdings, Inc. (CNSL)

Martin & Co. Inc. TN lifted its holdings in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 6.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,648 shares of the utilities provider’s stock after acquiring an additional 4,670 shares during the period. Martin & Co. Inc. TN owned 0.12% of Consolidated Communications Holdings worth $1,774,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new position in shares of Consolidated Communications Holdings during the first quarter worth approximately $100,000. SG Americas Securities LLC purchased a new position in shares of Consolidated Communications Holdings during the second quarter worth approximately $127,000. QS Investors LLC grew its position in shares of Consolidated Communications Holdings by 17,467.6% during the second quarter. QS Investors LLC now owns 6,500 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 6,463 shares during the last quarter. Advisor Group Inc. grew its position in shares of Consolidated Communications Holdings by 28.7% during the second quarter. Advisor Group Inc. now owns 8,268 shares of the utilities provider’s stock worth $167,000 after acquiring an additional 1,846 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Consolidated Communications Holdings by 79.2% during the second quarter. State of Alaska Department of Revenue now owns 10,020 shares of the utilities provider’s stock worth $215,000 after acquiring an additional 4,430 shares during the last quarter. Institutional investors and hedge funds own 67.72% of the company’s stock.

CNSL has been the topic of a number of research reports. BidaskClub upgraded shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine upgraded shares of Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Cowen and Company reiterated a “hold” rating and issued a $22.00 price objective on shares of Consolidated Communications Holdings in a research report on Friday, July 28th. Finally, TheStreet lowered shares of Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $24.50.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://sportsperspectives.com/2017/10/11/martin-co-inc-tn-increases-stake-in-consolidated-communications-holdings-inc-cnsl.html.

Consolidated Communications Holdings, Inc. (CNSL) traded down 0.227% during trading on Wednesday, reaching $20.254. 119,650 shares of the company were exchanged. The stock has a market capitalization of $1.43 billion, a PE ratio of 2025.400 and a beta of 0.90. Consolidated Communications Holdings, Inc. has a 52-week low of $17.21 and a 52-week high of $30.23. The firm’s 50 day moving average is $18.88 and its 200 day moving average is $20.41.

Consolidated Communications Holdings (NASDAQ:CNSL) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Consolidated Communications Holdings had a return on equity of 15.30% and a net margin of 0.09%. The firm had revenue of $169.95 million for the quarter, compared to analyst estimates of $169.69 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that Consolidated Communications Holdings, Inc. will post $0.55 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Sunday, October 15th will be given a $0.3874 dividend. This represents a $1.55 annualized dividend and a yield of 7.63%. The ex-dividend date is Thursday, October 12th. Consolidated Communications Holdings’s dividend payout ratio is presently 15,500.00%.

In other Consolidated Communications Holdings news, Director Timothy D. Taron purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $19.10 per share, with a total value of $47,750.00. Following the completion of the purchase, the director now owns 3,159 shares in the company, valued at approximately $60,336.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert J. Currey purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average cost of $19.33 per share, with a total value of $96,650.00. Following the purchase, the director now owns 48,495 shares of the company’s stock, valued at approximately $937,408.35. The disclosure for this purchase can be found here. Insiders acquired 26,688 shares of company stock worth $495,724 over the last ninety days. 3.00% of the stock is owned by corporate insiders.

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)

Receive News & Ratings for Consolidated Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Communications Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply