Consolidated Communications Holdings, Inc. (NASDAQ:CNSL - Get Free Report) saw an uptick in trading volume on Monday . 1,304,595 shares changed hands during trading, an increase of 77% from the previous session's volume of 737,388 shares.The stock last traded at $4.23 and had previously closed at $4.27.
Analyst Ratings Changes
Separately, StockNews.com began coverage on Consolidated Communications in a report on Monday. They set a "sell" rating on the stock.
View Our Latest Stock Analysis on CNSL
Consolidated Communications Trading Down 0.9 %
The firm has a market capitalization of $500.96 million, a PE ratio of -1.63 and a beta of 1.07. The company has a debt-to-equity ratio of 5.25, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a fifty day moving average of $4.30 and a 200 day moving average of $4.28.
Consolidated Communications (NASDAQ:CNSL - Get Free Report) last announced its earnings results on Tuesday, March 5th. The utilities provider reported ($0.27) EPS for the quarter. The company had revenue of $275.18 million for the quarter. Consolidated Communications had a negative net margin of 22.53% and a negative return on equity of 16.89%.
Institutional Investors Weigh In On Consolidated Communications
Several hedge funds and other institutional investors have recently bought and sold shares of CNSL. Ballentine Partners LLC purchased a new stake in Consolidated Communications during the 4th quarter worth approximately $6,871,000. Hsbc Holdings PLC acquired a new position in shares of Consolidated Communications in the 4th quarter worth approximately $2,103,000. Highbridge Capital Management LLC acquired a new position in shares of Consolidated Communications in the 4th quarter worth approximately $1,343,000. Olympiad Research LP acquired a new position in shares of Consolidated Communications in the 4th quarter worth approximately $1,005,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Consolidated Communications by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,300,940 shares of the utilities provider's stock worth $7,869,000 after acquiring an additional 153,318 shares in the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.
About Consolidated Communications
(
Get Free Report)
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.
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