New York State Teachers Retirement System Has $617,000 Stock Position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

New York State Teachers Retirement System trimmed its holdings in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,742 shares of the utilities provider’s stock after selling 8,288 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Consolidated Communications worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. UBS Group AG raised its position in Consolidated Communications by 8.5% during the second quarter. UBS Group AG now owns 24,569 shares of the utilities provider’s stock valued at $173,000 after buying an additional 1,933 shares during the period. Captrust Financial Advisors increased its position in Consolidated Communications by 38.2% in the 1st quarter. Captrust Financial Advisors now owns 7,183 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 1,987 shares during the last quarter. Creative Planning increased its position in Consolidated Communications by 5.8% in the 2nd quarter. Creative Planning now owns 40,819 shares of the utilities provider’s stock worth $286,000 after purchasing an additional 2,250 shares during the last quarter. Credit Suisse AG increased its position in Consolidated Communications by 5.0% in the 3rd quarter. Credit Suisse AG now owns 51,216 shares of the utilities provider’s stock worth $214,000 after purchasing an additional 2,462 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Consolidated Communications by 12.8% in the 1st quarter. Bank of Montreal Can now owns 22,615 shares of the utilities provider’s stock worth $136,000 after purchasing an additional 2,563 shares during the last quarter. 79.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Consolidated Communications in a research report on Sunday, April 14th. They issued a “sell” rating on the stock.

Consolidated Communications Stock Performance

Shares of CNSL stock opened at $4.25 on Friday. The company has a debt-to-equity ratio of 5.25, a current ratio of 0.81 and a quick ratio of 0.81. Consolidated Communications Holdings, Inc. has a fifty-two week low of $2.93 and a fifty-two week high of $4.65. The stock’s 50-day moving average is $4.31 and its two-hundred day moving average is $4.25. The firm has a market cap of $493 million, a P/E ratio of -1.63 and a beta of 1.07.

Consolidated Communications (NASDAQ:CNSL) last released its quarterly earnings results on Tuesday, March 5th. The utilities provider reported ($0.27) earnings per share (EPS) for the quarter. The company had revenue of $275.18 million for the quarter. Consolidated Communications had a negative return on equity of 16.89% and a negative net margin of 22.53%.

About Consolidated Communications

Consolidated Communications Holdings, Inc, together with its subsidiaries, provides broadband and business communication solutions for consumer, commercial, and carrier channels in the United States. It offers high-speed broadband Internet access, SIP trunking, and voice over Internet protocol (VoIP) phone services; commercial data connectivity services in various markets, including Ethernet services, private line data services, software defined wide area network, and multi-protocol label switching services; networking services; cloud-based services; and data center and disaster recovery solutions.