Consolidated Communications (NASDAQ:CNSL) Sets New 52-Week High – Here’s What Happened

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $4.72 and last traded at $4.70, with a volume of 5188314 shares traded. The stock had previously closed at $4.66.

Consolidated Communications Stock Performance

The company has a market cap of $557.98 million, a P/E ratio of -2.30 and a beta of 0.99. The business has a 50 day moving average price of $4.66 and a two-hundred day moving average price of $4.57. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.76 and a current ratio of 0.76.

Institutional Investors Weigh In On Consolidated Communications

Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its holdings in Consolidated Communications by 14.2% in the second quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock worth $144,000 after buying an additional 4,061 shares during the period. Rhumbline Advisers raised its position in shares of Consolidated Communications by 2.1% in the 2nd quarter. Rhumbline Advisers now owns 244,967 shares of the utilities provider’s stock worth $1,078,000 after acquiring an additional 5,066 shares in the last quarter. AQR Capital Management LLC boosted its position 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 valued at $123,000 after purchasing an additional 5,074 shares in the last quarter. Virtu Financial LLC purchased a new stake in Consolidated Communications in the third quarter worth $47,000. Finally, Quantinno Capital Management LP bought a new position in Consolidated Communications in the third quarter worth $53,000. Institutional investors own 79.98% of the company’s stock.

Consolidated Communications Company 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.