AQR Capital Management LLC Acquires 5,074 Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

AQR Capital Management LLC increased its position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 22.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,017 shares of the utilities provider’s stock after purchasing an additional 5,074 shares during the quarter. AQR Capital Management LLC’s holdings in Consolidated Communications were worth $123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CNSL. Private Advisor Group LLC lifted its position in Consolidated Communications by 54.5% in the first quarter. Private Advisor Group LLC now owns 1,689,559 shares of the utilities provider’s stock worth $7,299,000 after purchasing an additional 596,244 shares during the period. Gardner Lewis Asset Management L P bought a new position in Consolidated Communications in the second quarter worth $2,247,000. Gabelli Funds LLC lifted its position in Consolidated Communications by 2,427.1% in the first quarter. Gabelli Funds LLC now owns 379,061 shares of the utilities provider’s stock worth $1,638,000 after purchasing an additional 364,061 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Consolidated Communications in the first quarter worth $1,488,000. Finally, Trium Capital LLP bought a new position in Consolidated Communications in the second quarter worth $680,000. 79.98% of the stock is owned by institutional investors.

Consolidated Communications Stock Performance

Consolidated Communications stock opened at $4.63 on Friday. The company has a debt-to-equity ratio of 7.51, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average price of $4.60 and a two-hundred day moving average price of $4.45. Consolidated Communications Holdings, Inc. has a 52-week low of $4.01 and a 52-week high of $4.65. The firm has a market capitalization of $548.33 million, a P/E ratio of -1.79 and a beta of 0.97.

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

Analysts Set New Price Targets

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

Consolidated Communications Profile

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.