Private Advisor Group LLC Has $10.45 Million Holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

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

Several other hedge funds also recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in Consolidated Communications in the first quarter worth $53,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Consolidated Communications in the 1st quarter valued at about $83,000. Gamco Investors INC. ET AL bought a new stake in Consolidated Communications in the 1st quarter valued at about $110,000. Rather & Kittrell Inc. acquired a new position in Consolidated Communications during the 2nd quarter worth approximately $112,000. Finally, AQR Capital Management LLC boosted its holdings in Consolidated Communications by 22.1% in the second quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 5,074 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Consolidated Communications in a research report on Saturday, July 27th. They set a “sell” rating on the stock.

Consolidated Communications Price Performance

Consolidated Communications stock opened at $4.64 on Friday. The firm has a market capitalization of $549.52 million, a price-to-earnings ratio of -1.79 and a beta of 0.97. The firm’s fifty day moving average price is $4.61 and its two-hundred day moving average price is $4.46. Consolidated Communications Holdings, Inc. has a 1-year low of $4.03 and a 1-year high of $4.65. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 7.51.

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

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.