Private Advisor Group LLC Sells 13,000 Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Private Advisor Group LLC cut its stake in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,251,899 shares of the utilities provider’s stock after selling 13,000 shares during the quarter. Private Advisor Group LLC owned 1.90% of Consolidated Communications worth $10,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in shares of Consolidated Communications by 76.5% during the 3rd quarter. SG Americas Securities LLC now owns 42,966 shares of the utilities provider’s stock valued at $199,000 after acquiring an additional 18,626 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Consolidated Communications by 14.2% during the second quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 4,061 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Consolidated Communications by 22.1% during the second quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 5,074 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Consolidated Communications by 26.9% in the second quarter. Squarepoint Ops LLC now owns 335,053 shares of the utilities provider’s stock valued at $1,474,000 after buying an additional 71,004 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in Consolidated Communications by 7.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 182,520 shares of the utilities provider’s stock valued at $803,000 after buying an additional 12,055 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Communications Stock Performance

NASDAQ CNSL opened at $4.64 on Friday. The company has a market capitalization of $549.52 million, a price-to-earnings ratio of -1.79 and a beta of 0.97. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.51. Consolidated Communications Holdings, Inc. has a twelve month low of $4.03 and a twelve month high of $4.65. The stock has a fifty day simple moving average of $4.61 and a 200 day simple moving average of $4.46.

Consolidated Communications (NASDAQ:CNSL) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported ($0.39) earnings per share (EPS) for the quarter. Consolidated Communications had a negative return on equity of 25.00% and a negative net margin of 17.74%. The company had revenue of $268.71 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Consolidated Communications in a research report on Saturday, July 27th. They issued a “sell” rating for the company.

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.