Advisors Asset Management Inc. increased its stake in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 1,063,517 shares of the utilities provider’s stock after buying an additional 30,937 shares during the period. Advisors Asset Management Inc.’s holdings in Consolidated Communications Holdings were worth $22,834,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in shares of Consolidated Communications Holdings during the first quarter valued at $100,000. State of Alaska Department of Revenue boosted its position in 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 worth $130,000 after buying an additional 110 shares during the last quarter. Taylor Wealth Management Partners boosted its position in 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 worth $194,000 after buying an additional 5,500 shares during the last quarter. Park Avenue Securities LLC acquired a new position in Consolidated Communications Holdings during the second quarter worth approximately $254,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in Consolidated Communications Holdings by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,950 shares of the utilities provider’s stock worth $257,000 after buying an additional 440 shares during the last quarter. Institutional investors own 67.14% of the company’s stock.

Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) opened at 19.26 on Friday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 6420.00 and a beta of 0.91. The stock has a 50 day moving average of $19.37 and a 200-day moving average of $22.10. Consolidated Communications Holdings, Inc. has a 52-week low of $17.41 and a 52-week high of $30.23.

Consolidated Communications Holdings (NASDAQ:CNSL) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Consolidated Communications Holdings had a net margin of 0.09% and a return on equity of 15.30%. The business had revenue of $169.95 million for the quarter, compared to analysts’ expectations of $169.69 million. During the same period in the prior year, the company posted $0.20 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. Equities analysts expect that Consolidated Communications Holdings, Inc. will post $0.61 earnings per share for the current fiscal 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 paid a $0.3874 dividend. This represents a $1.55 annualized dividend and a yield of 8.05%. The ex-dividend date is Thursday, October 12th. Consolidated Communications Holdings’s dividend payout ratio is presently 15,500.00%.

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CNSL has been the subject of a number of research analyst reports. BidaskClub upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. 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. TheStreet cut Consolidated Communications Holdings from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. Finally, Cowen and Company restated a “hold” rating and set a $22.00 price objective on shares of Consolidated Communications Holdings in a report on Friday, July 28th. One equities 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 issued a strong buy rating to the company. Consolidated Communications Holdings currently has an average rating of “Hold” and a consensus target price of $25.60.

In other news, Director Robert J. Currey bought 5,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were acquired at an average cost of $19.33 per share, for a total transaction of $96,650.00. Following the purchase, the director now directly owns 48,495 shares of the company’s stock, valued at approximately $937,408.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company’s stock.

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

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