Consolidated Communications Holdings, Inc. (CNSL) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund reduced its position in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 33.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,712 shares of the utilities provider’s stock after selling 12,233 shares during the period. Texas Permanent School Fund’s holdings in Consolidated Communications Holdings were worth $579,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in shares of Consolidated Communications Holdings by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 5,590 shares of the utilities provider’s stock worth $130,000 after buying an additional 110 shares during the last quarter. Taylor Wealth Management Partners raised its stake in shares of Consolidated Communications Holdings by 196.3% in the first quarter. Taylor Wealth Management Partners now owns 8,302 shares of the utilities provider’s stock worth $194,000 after buying an additional 5,500 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Consolidated Communications Holdings during the fourth quarter worth about $204,000. Tudor Investment Corp Et Al purchased a new stake in shares of Consolidated Communications Holdings during the fourth quarter worth about $242,000. Finally, IFP Advisors Inc raised its stake in shares of Consolidated Communications Holdings by 12.4% in the first quarter. IFP Advisors Inc now owns 11,475 shares of the utilities provider’s stock worth $269,000 after buying an additional 1,270 shares during the last quarter. 68.07% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Consolidated Communications Holdings (NASDAQ:CNSL)

Consolidated Communications Holdings, Inc. (NASDAQ CNSL) opened at 21.47 on Friday. The firm has a market cap of $1.09 billion, a P/E ratio of 363.90 and a beta of 0.93. The firm has a 50 day moving average of $20.92 and a 200 day moving average of $24.23. Consolidated Communications Holdings, Inc. has a 1-year low of $19.27 and a 1-year high of $30.23.

Consolidated Communications Holdings (NASDAQ:CNSL) last issued its earnings results on Thursday, May 4th. The utilities provider reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.04. Consolidated Communications Holdings had a net margin of 0.48% and a return on equity of 14.49%. The business had revenue of $169.90 million during the quarter, compared to analysts’ expectations of $171.22 million. During the same period in the prior year, the business posted $0.19 EPS. The business’s revenue was down 10.0% on a year-over-year basis. On average, equities research analysts expect that Consolidated Communications Holdings, Inc. will post $0.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Saturday, July 15th will be paid a $0.3874 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend is Wednesday, July 12th. Consolidated Communications Holdings’s dividend payout ratio is presently 2,214.29%.

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A number of analysts have issued reports on the company. BidaskClub raised Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Jefferies Group LLC cut their target price on Consolidated Communications Holdings from $27.00 to $24.00 and set a “hold” rating on the stock in a research report on Friday, February 24th. Raymond James Financial, Inc. raised Consolidated Communications Holdings from an “outperform” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research report on Friday, June 9th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Consolidated Communications Holdings in a research report on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $24.67.

Consolidated Communications Holdings Company Profile

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.

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