Insider Selling: Robert Currey Unloads 1,200 Shares of Consolidated Communications Holdings Stock (CNSL)
Consolidated Communications Holdings (NASDAQ:CNSL) CEO Robert Currey unloaded 1,200 shares of Consolidated Communications Holdings stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $18.75, for a total transaction of $22,500.00. Following the completion of the sale, the chief executive officer now directly owns 113,198 shares in the company, valued at approximately $2,122,463. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Consolidated Communications Holdings (NASDAQ:CNSL) traded up 1.00% during mid-day trading on Thursday, hitting $18.63. The stock had a trading volume of 241,497 shares. Consolidated Communications Holdings has a 1-year low of $12.97 and a 1-year high of $19.10. The stock has a 50-day moving average of $17.73 and a 200-day moving average of $17.57. The company has a market cap of $747.3 million and a P/E ratio of 44.02.
Consolidated Communications Holdings (NASDAQ:CNSL) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. The company had revenue of $151.30 million for the quarter, compared to the consensus estimate of $153.37 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 74.9% on a year-over-year basis. On average, analysts predict that Consolidated Communications Holdings will post $0.84 earnings per share for the current fiscal year.
Consolidated Communications Holdings, Inc (NASDAQ:CNSL) is a rural local exchange carrier (RLEC) offering a range of telecommunications services to residential and business customers in Illinois, Texas and Pennsylvania.
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