Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Director Wayne Wilson acquired 3,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $17.45 per share, with a total value of $52,350.00. Following the completion of the acquisition, the director now owns 50,211 shares in the company, valued at $876,181.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Wayne Wilson also recently made the following trade(s):

  • On Thursday, September 7th, Wayne Wilson acquired 2,000 shares of Consolidated Communications Holdings stock. The shares were bought at an average cost of $17.75 per share, with a total value of $35,500.00.

Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) traded up 0.71% during midday trading on Thursday, reaching $17.67. 305,675 shares of the company’s stock were exchanged. The company’s 50-day moving average is $18.64 and its 200-day moving average is $20.92. Consolidated Communications Holdings, Inc. has a one year low of $17.21 and a one year high of $30.23. The stock has a market cap of $1.25 billion, a P/E ratio of 5888.33 and a beta of 0.91.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Sunday, October 15th will be paid a $0.3874 dividend. This represents a $1.55 annualized dividend and a yield of 8.77%. The ex-dividend date is Thursday, October 12th. Consolidated Communications Holdings’s dividend payout ratio is currently 15,500.00%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hanson McClain Inc. raised its stake in Consolidated Communications Holdings by 0.3% in the 1st quarter. Hanson McClain Inc. now owns 12,383 shares of the utilities provider’s stock valued at $290,000 after purchasing an additional 34 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in Consolidated Communications Holdings by 0.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 20,288 shares of the utilities provider’s stock valued at $436,000 after purchasing an additional 64 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Consolidated Communications Holdings by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the utilities provider’s stock valued at $444,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System raised its stake in Consolidated Communications Holdings by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 26,462 shares of the utilities provider’s stock valued at $568,000 after purchasing an additional 100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Consolidated Communications Holdings by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,454 shares of the utilities provider’s stock valued at $826,000 after purchasing an additional 303 shares during the last quarter. 67.72% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on CNSL. UBS AG raised shares of Consolidated Communications Holdings to a “strong-buy” rating in a report on Friday, June 9th. TheStreet lowered shares of Consolidated Communications Holdings from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. BidaskClub raised shares of Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Citigroup Inc. raised shares of Consolidated Communications Holdings from a “sell” rating to a “neutral” rating in a report on Wednesday, June 7th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $22.00 price objective on shares of Consolidated Communications Holdings in a report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price 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)

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