Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Holdings Decreased by Private Management Group Inc.

Private Management Group Inc. trimmed its position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 66.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 288,553 shares of the utilities provider’s stock after selling 580,364 shares during the quarter. Private Management Group Inc. owned approximately 0.25% of Consolidated Communications worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Consolidated Communications by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 6,269,494 shares of the utilities provider’s stock valued at $21,442,000 after acquiring an additional 128,005 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Consolidated Communications by 7.1% during 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 buying an additional 153,318 shares during the last quarter. Private Advisor Group LLC grew its stake in Consolidated Communications by 4.6% during the 3rd quarter. Private Advisor Group LLC now owns 1,980,544 shares of the utilities provider’s stock worth $6,773,000 after buying an additional 87,900 shares during the last quarter. Ballentine Partners LLC bought a new position in Consolidated Communications during the 4th quarter worth $6,871,000. Finally, Swiss National Bank grew its stake in Consolidated Communications by 3.0% during the 3rd quarter. Swiss National Bank now owns 166,647 shares of the utilities provider’s stock worth $570,000 after buying an additional 4,800 shares during the last quarter. 79.98% of the stock is currently owned by institutional investors.

Consolidated Communications Price Performance

Shares of NASDAQ CNSL traded down $0.01 during mid-day trading on Wednesday, hitting $4.24. 941,289 shares of the company traded hands, compared to its average volume of 762,043. Consolidated Communications Holdings, Inc. has a 1 year low of $2.93 and a 1 year high of $4.65. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.25. The business has a 50 day moving average of $4.30 and a two-hundred day moving average of $4.28.

Consolidated Communications (NASDAQ:CNSL) last posted its quarterly earnings results on Tuesday, March 5th. The utilities provider reported ($0.27) earnings per share for the quarter. The business 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%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Consolidated Communications in a report on Monday. They issued a “sell” rating for the company.

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.