Consolidated Communications Holdings Inc. (NASDAQ:CNSL) announced a dividend on Monday, August 8th. Investors of record on Friday, October 14th will be paid a dividend of 0.387 per share on Tuesday, November 1st. The ex-dividend date is Wednesday, October 12th.

Shares of Consolidated Communications Holdings (NASDAQ:CNSL) opened at 24.82 on Friday. Consolidated Communications Holdings has a 12 month low of $17.76 and a 12 month high of $28.78. The stock has a market capitalization of $1.26 billion, a P/E ratio of 83.57 and a beta of 1.09. The company’s 50-day moving average is $24.52 and its 200 day moving average is $25.27.

Consolidated Communications Holdings (NASDAQ:CNSL) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The company earned $186.90 million during the quarter, compared to analyst estimates of $193.77 million. Consolidated Communications Holdings had a net margin of 2.01% and a return on equity of 13.91%. Consolidated Communications Holdings’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. Equities research analysts predict that Consolidated Communications Holdings will post $0.70 earnings per share for the current year.

Dividend History for Consolidated Communications Holdings (NASDAQ:CNSL)

Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Citigroup Inc. boosted their target price on shares of Consolidated Communications Holdings from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 5th. Drexel Hamilton set a $26.00 target price on shares of Consolidated Communications Holdings and gave the company a “hold” rating in a research note on Friday, August 5th. Jefferies Group reissued a “hold” rating on shares of Consolidated Communications Holdings in a research note on Thursday, August 4th. Finally, Raymond James Financial Inc. lowered shares of Consolidated Communications Holdings from a “market perform” rating to an “underperform” rating in a research note on Friday, August 5th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Consolidated Communications Holdings presently has a consensus rating of “Hold” and a consensus target price of $23.40.

In related news, CFO Steven L. Childers sold 10,000 shares of Consolidated Communications Holdings stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $28.20, for a total value of $282,000.00. Following the completion of the sale, the chief financial officer now directly owns 85,410 shares in the company, valued at $2,408,562. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors increased its stake in Consolidated Communications Holdings by 11.3% in the second quarter. BlackRock Fund Advisors now owns 4,430,297 shares of the company’s stock valued at $120,681,000 after buying an additional 448,424 shares during the last quarter. Menta Capital LLC purchased a new stake in Consolidated Communications Holdings during the second quarter valued at $1,656,000. State Street Corp increased its stake in Consolidated Communications Holdings by 1.6% in the second quarter. State Street Corp now owns 1,028,985 shares of the company’s stock valued at $28,035,000 after buying an additional 16,435 shares during the last quarter. Trexquant Investment LP purchased a new stake in Consolidated Communications Holdings during the second quarter valued at $288,000. Finally, BlackRock Investment Management LLC increased its stake in Consolidated Communications Holdings by 4.6% in the second quarter. BlackRock Investment Management LLC now owns 213,358 shares of the company’s stock valued at $5,812,000 after buying an additional 9,472 shares during the last quarter. Hedge funds and other institutional investors own 62.08% of the company’s stock.

About Consolidated Communications Holdings

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.

5 Day Chart for NASDAQ:CNSL

Receive News & Stock Ratings for Consolidated Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Communications Holdings Inc. and related stocks with our FREE daily email newsletter.