C Robert Udell, Jr. Purchases 1,000 Shares of Consolidated Communications Holdings Inc (CNSL) Stock

Consolidated Communications Holdings Inc (NASDAQ:CNSL) CEO C Robert Udell, Jr. purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average price of $11.40 per share, with a total value of $11,400.00. Following the acquisition, the chief executive officer now owns 83,895 shares in the company, valued at $956,403. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Consolidated Communications Holdings Inc (CNSL) opened at $11.92 on Friday. The firm has a market capitalization of $824.53, a P/E ratio of -22.07, a price-to-earnings-growth ratio of 23.02 and a beta of 0.69. Consolidated Communications Holdings Inc has a fifty-two week low of $10.83 and a fifty-two week high of $26.79. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.88 and a quick ratio of 0.88.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bfsg LLC purchased a new position in Consolidated Communications in the 4th quarter worth approximately $129,000. Jump Trading LLC acquired a new position in shares of Consolidated Communications in the 4th quarter valued at approximately $133,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Consolidated Communications in the 4th quarter valued at approximately $138,000. Vident Investment Advisory LLC acquired a new position in shares of Consolidated Communications in the 4th quarter valued at approximately $139,000. Finally, QS Investors LLC raised its position in shares of Consolidated Communications by 17,467.6% in the 2nd quarter. QS Investors LLC now owns 6,500 shares of the utilities provider’s stock valued at $140,000 after purchasing an additional 6,463 shares in the last quarter. Hedge funds and other institutional investors own 71.08% of the company’s stock.

A number of equities analysts have weighed in on CNSL shares. Zacks Investment Research cut Consolidated Communications from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Jefferies Group decreased their price target on Consolidated Communications from $21.00 to $19.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Drexel Hamilton upgraded Consolidated Communications from a “hold” rating to a “buy” rating in a report on Tuesday, January 2nd. They noted that the move was a valuation call. Finally, ValuEngine cut Consolidated Communications from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Consolidated Communications presently has an average rating of “Buy” and a consensus price target of $22.00.

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Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc is a holding company with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.

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