Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Director Wayne Wilson bought 2,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the director now directly owns 46,211 shares of the company’s stock, valued at approximately $820,245.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Consolidated Communications Holdings, Inc. (NASDAQ CNSL) opened at 17.54 on Thursday. Consolidated Communications Holdings, Inc. has a 1-year low of $17.21 and a 1-year high of $30.23. The stock has a 50 day moving average price of $18.67 and a 200 day moving average price of $20.97. The company has a market cap of $1.24 billion, a P/E ratio of 5846.67 and a beta of 0.91.

Consolidated Communications Holdings (NASDAQ:CNSL) last posted its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The business had revenue of $169.95 million for the quarter, compared to the consensus estimate of $169.69 million. Consolidated Communications Holdings had a return on equity of 15.30% and a net margin of 0.09%. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. On average, equities research analysts anticipate that Consolidated Communications Holdings, Inc. will post $0.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Sunday, October 15th will be paid a dividend of $0.3874 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.55 annualized dividend and a yield of 8.83%. Consolidated Communications Holdings’s payout ratio is presently 15,500.00%.

TRADEMARK VIOLATION WARNING: “Insider Buying: Consolidated Communications Holdings, Inc. (CNSL) Director Acquires $35,500.00 in Stock” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/09/14/insider-buying-consolidated-communications-holdings-inc-cnsl-director-acquires-35500-00-in-stock.html.

Institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. purchased a new stake in Consolidated Communications Holdings during the 1st quarter valued at about $100,000. State of Alaska Department of Revenue boosted its stake 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 worth $130,000 after buying an additional 110 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Consolidated Communications Holdings in the second quarter worth about $127,000. QS Investors LLC boosted its stake 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 worth $140,000 after buying an additional 6,463 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake 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 worth $167,000 after buying an additional 1,846 shares during the last quarter. Institutional investors and hedge funds own 67.72% of the company’s stock.

Several research analysts have issued reports on the company. ValuEngine cut Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. BidaskClub raised Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. TheStreet cut Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research report on Thursday, August 3rd. Cowen and Company reissued a “hold” rating and issued a $22.00 target price on shares of Consolidated Communications Holdings in a research report on Friday, July 28th. Finally, Zacks Investment Research raised Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $25.60.

About Consolidated Communications Holdings

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.

Insider Buying and Selling 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.