Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Director Robert J. Currey acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were bought at an average cost of $18.18 per share, for a total transaction of $36,360.00. Following the completion of the acquisition, the director now directly owns 45,995 shares of the company’s stock, valued at approximately $836,189.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Consolidated Communications Holdings, Inc. (NASDAQ CNSL) traded down 1.50% on Thursday, hitting $17.76. The stock had a trading volume of 331,995 shares. The firm has a market capitalization of $1.26 billion, a P/E ratio of 5920.00 and a beta of 0.91. The company has a 50 day moving average of $18.73 and a 200-day moving average of $21.19. Consolidated Communications Holdings, Inc. has a 12-month low of $17.41 and a 12-month high of $30.23.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.16 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 company had revenue of $169.95 million for the quarter, compared to analysts’ expectations of $169.69 million. During the same period last year, the firm earned $0.20 earnings per share. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. Equities analysts predict that Consolidated Communications Holdings, Inc. will post $0.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Sunday, October 15th will be issued a dividend of $0.3874 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.55 annualized dividend and a dividend yield of 8.59%. Consolidated Communications Holdings’s dividend payout ratio is presently 15,500.00%.

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A number of research firms have weighed in on CNSL. UBS AG raised Consolidated Communications Holdings to a “strong-buy” rating in a report on Friday, June 9th. TheStreet downgraded Consolidated Communications Holdings from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. BidaskClub raised Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. ValuEngine downgraded Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Citigroup Inc. raised Consolidated Communications Holdings from a “sell” rating to a “neutral” rating in a report on Wednesday, June 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $25.60.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors LLC bought a new position in Consolidated Communications Holdings in the second quarter valued at approximately $236,000. Martin & Co. Inc. TN increased its stake in Consolidated Communications Holdings by 6.0% in the second quarter. Martin & Co. Inc. TN now owns 82,648 shares of the utilities provider’s stock valued at $1,774,000 after acquiring an additional 4,670 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Consolidated Communications Holdings by 24.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 103,922 shares of the utilities provider’s stock valued at $2,231,000 after acquiring an additional 20,402 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Consolidated Communications Holdings by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 38,454 shares of the utilities provider’s stock valued at $826,000 after acquiring an additional 303 shares during the last quarter. Finally, State Street Corp increased its stake in Consolidated Communications Holdings by 3.6% in the second quarter. State Street Corp now owns 1,289,342 shares of the utilities provider’s stock valued at $27,683,000 after acquiring an additional 45,081 shares during the last quarter. 67.72% of the stock is currently owned by institutional investors.

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)

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