State Street Corp Boosts Position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

State Street Corp grew its position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,948,326 shares of the utilities provider’s stock after buying an additional 71,384 shares during the quarter. State Street Corp’s holdings in Consolidated Communications were worth $13,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CNSL. Private Advisor Group LLC grew its stake in Consolidated Communications by 34.1% in the 2nd quarter. Private Advisor Group LLC now owns 2,264,899 shares of the utilities provider’s stock valued at $9,966,000 after acquiring an additional 575,340 shares during the last quarter. Gardner Lewis Asset Management L P acquired a new stake in shares of Consolidated Communications in the second quarter valued at approximately $2,247,000. Trium Capital LLP acquired a new stake in shares of Consolidated Communications in the second quarter valued at approximately $680,000. Wolverine Asset Management LLC increased its stake in shares of Consolidated Communications by 91.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 308,682 shares of the utilities provider’s stock worth $1,358,000 after purchasing an additional 147,416 shares in the last quarter. Finally, Gabelli Funds LLC raised its position in shares of Consolidated Communications by 36.9% during the 2nd quarter. Gabelli Funds LLC now owns 518,795 shares of the utilities provider’s stock worth $2,283,000 after purchasing an additional 139,734 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Consolidated Communications Price Performance

Shares of NASDAQ:CNSL opened at $4.71 on Thursday. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.76 and a current ratio of 0.76. The business’s fifty day moving average price is $4.66 and its two-hundred day moving average price is $4.57. The stock has a market cap of $557.98 million, a PE ratio of -2.30 and a beta of 0.99. Consolidated Communications Holdings, Inc. has a one year low of $4.18 and a one year high of $4.72.

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.