Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) CFO Steven L. Childers purchased 1,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were bought at an average price of $13.25 per share, for a total transaction of $19,875.00. Following the acquisition, the chief financial officer now owns 97,169 shares in the company, valued at $1,287,489.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Consolidated Communications Holdings, Inc. (NASDAQ CNSL) traded up $0.08 during midday trading on Thursday, reaching $13.50. The company’s stock had a trading volume of 816,400 shares, compared to its average volume of 562,614. Consolidated Communications Holdings, Inc. has a 12 month low of $13.04 and a 12 month high of $30.23. The stock has a market cap of $950.62, a P/E ratio of 38.34, a price-to-earnings-growth ratio of 24.18 and a beta of 0.86. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Monday, January 15th will be issued a $0.387 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 11.47%. Consolidated Communications Holdings’s payout ratio is currently -287.03%.

WARNING: “Steven L. Childers Buys 1,500 Shares of Consolidated Communications Holdings, Inc. (CNSL) Stock” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/11/23/steven-l-childers-buys-1500-shares-of-consolidated-communications-holdings-inc-cnsl-stock.html.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNSL. JPMorgan Chase & Co. increased its holdings in shares of Consolidated Communications Holdings by 619,367.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 910,617 shares of the utilities provider’s stock valued at $17,758,000 after acquiring an additional 910,470 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Consolidated Communications Holdings by 37.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,643,331 shares of the utilities provider’s stock valued at $50,436,000 after acquiring an additional 721,763 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Consolidated Communications Holdings by 85.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,500,225 shares of the utilities provider’s stock valued at $32,209,000 after acquiring an additional 693,132 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Consolidated Communications Holdings by 558.9% in the 3rd quarter. Wells Fargo & Company MN now owns 758,557 shares of the utilities provider’s stock valued at $14,473,000 after acquiring an additional 643,433 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Consolidated Communications Holdings by 11.1% in the 2nd quarter. Royal Bank of Canada now owns 6,029,890 shares of the utilities provider’s stock valued at $129,462,000 after acquiring an additional 601,410 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.

CNSL has been the topic of several recent research reports. BidaskClub upgraded Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC cut their price target on Consolidated Communications Holdings from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Zacks Investment Research downgraded Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. TheStreet downgraded Consolidated Communications Holdings from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. Finally, ValuEngine downgraded Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.00.

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.