Consolidated Communications Holdings Inc (NASDAQ:CNSL) Director Roger H/Ca Moore purchased 2,000 shares of the stock in a transaction on Monday, March 12th. The shares were purchased at an average price of $11.94 per share, for a total transaction of $23,880.00. Following the transaction, the director now directly owns 47,953 shares of the company’s stock, valued at $572,558.82. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Consolidated Communications Holdings Inc (CNSL) traded up $0.33 on Wednesday, hitting $12.16. The stock had a trading volume of 1,602,992 shares, compared to its average volume of 1,064,388. The stock has a market capitalization of $849.31, a P/E ratio of 13.46, a P/E/G ratio of 108.11 and a beta of 0.74. The company has a debt-to-equity ratio of 4.03, a quick ratio of 0.83 and a current ratio of 0.83. Consolidated Communications Holdings Inc has a 1 year low of $10.83 and a 1 year high of $24.80.

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Consolidated Communications (NASDAQ:CNSL) last released its quarterly earnings data on Thursday, March 1st. The utilities provider reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.06). The company had revenue of $356.40 million during the quarter, compared to analysts’ expectations of $356.72 million. Consolidated Communications had a return on equity of 2.83% and a net margin of 6.13%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 EPS. analysts expect that Consolidated Communications Holdings Inc will post 0.06 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Sunday, April 15th will be issued a $0.3874 dividend. The ex-dividend date is Thursday, April 12th. This represents a $1.55 annualized dividend and a dividend yield of 12.74%. This is an increase from Consolidated Communications’s previous quarterly dividend of $0.39. Consolidated Communications’s payout ratio is currently 176.14%.

CNSL has been the topic of a number of research reports. ValuEngine downgraded Consolidated Communications from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Drexel Hamilton upgraded Consolidated Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Consolidated Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub upgraded Consolidated Communications from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 28th. Finally, Cowen restated a “hold” rating and set a $14.00 price target on shares of Consolidated Communications in a research report on Friday, March 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.50.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of Consolidated Communications by 16.8% in the third quarter. Bank of New York Mellon Corp now owns 1,463,325 shares of the utilities provider’s stock worth $27,919,000 after buying an additional 210,612 shares during the period. North Star Investment Management Corp. increased its holdings in shares of Consolidated Communications by 41.2% in the fourth quarter. North Star Investment Management Corp. now owns 457,302 shares of the utilities provider’s stock worth $5,575,000 after buying an additional 133,493 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Consolidated Communications in the third quarter worth about $751,000. JPMorgan Chase & Co. increased its holdings in shares of Consolidated Communications by 619,367.3% in the third quarter. JPMorgan Chase & Co. now owns 910,617 shares of the utilities provider’s stock worth $17,758,000 after buying an additional 910,470 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Consolidated Communications by 38.6% in the third quarter. Prudential Financial Inc. now owns 118,274 shares of the utilities provider’s stock worth $2,257,000 after buying an additional 32,955 shares during the period. Hedge funds and other institutional investors own 74.71% of the company’s stock.

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About Consolidated Communications

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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