Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Director Robert J. Currey acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were bought at an average price of $19.33 per share, with a total value of $96,650.00. Following the transaction, the director now owns 48,495 shares in the company, valued at approximately $937,408.35. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Consolidated Communications Holdings, Inc. (CNSL) traded down 0.37% during trading on Thursday, hitting $19.05. The stock had a trading volume of 376,782 shares. The company has a 50 day moving average of $19.43 and a 200-day moving average of $22.17. The company has a market cap of $1.35 billion, a P/E ratio of 6350.00 and a beta of 0.91. Consolidated Communications Holdings, Inc. has a 12-month low of $17.41 and a 12-month high of $30.23.

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 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 company had revenue of $169.95 million for the quarter, compared to analyst estimates of $169.69 million. During the same period in the prior year, the firm posted $0.20 EPS. The business’s revenue was down 9.1% compared to the same quarter last year. On average, equities analysts predict that Consolidated Communications Holdings, Inc. will post $0.58 EPS for the current year.

The company 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 8.13%. The ex-dividend date of this dividend is Thursday, October 12th. Consolidated Communications Holdings’s payout ratio is currently 15,500.00%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in shares of Consolidated Communications Holdings during the first quarter valued at $100,000. SG Americas Securities LLC purchased a new position in shares of Consolidated Communications Holdings during the second quarter valued at $127,000. State of Alaska Department of Revenue raised its position in shares of Consolidated Communications Holdings by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 5,590 shares of the utilities provider’s stock valued at $130,000 after buying an additional 110 shares during the last quarter. Taylor Wealth Management Partners raised its position in shares of Consolidated Communications Holdings by 196.3% in the first quarter. Taylor Wealth Management Partners now owns 8,302 shares of the utilities provider’s stock valued at $194,000 after buying an additional 5,500 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in shares of Consolidated Communications Holdings during the second quarter valued at $254,000. 67.14% of the stock is currently owned by institutional investors.

Several research firms have commented on CNSL. BidaskClub upgraded Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday. TheStreet cut Consolidated Communications Holdings from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. ValuEngine upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Cowen and Company restated a “hold” rating and issued a $22.00 price target on shares of Consolidated Communications Holdings in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Consolidated Communications Holdings presently has a consensus rating of “Hold” and a consensus price target of $25.60.

Consolidated Communications Holdings Company 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.

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