Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Director Robert J. Currey acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average price of $17.50 per share, with a total value of $52,500.00. Following the completion of the acquisition, the director now owns 45,995 shares of the company’s stock, valued at approximately $804,912.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Consolidated Communications Holdings, Inc. (CNSL) opened at 17.46 on Tuesday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 5820.00 and a beta of 0.91. Consolidated Communications Holdings, Inc. has a 12-month low of $17.21 and a 12-month high of $30.23. The firm’s 50-day moving average price is $18.72 and its 200 day moving average price is $21.04.

Consolidated Communications Holdings (NASDAQ:CNSL) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Consolidated Communications Holdings had a net margin of 0.09% and a return on equity of 15.30%. The firm had revenue of $169.95 million for the quarter, compared to analysts’ expectations of $169.69 million. During the same period in the previous year, the firm posted $0.20 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities research analysts expect that Consolidated Communications Holdings, Inc. will post $0.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Sunday, October 15th will be given a dividend of $0.3874 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.55 annualized dividend and a yield of 8.87%. Consolidated Communications Holdings’s dividend payout ratio (DPR) is presently 15,500.00%.

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CNSL has been the subject of several recent research reports. Zacks Investment Research lowered Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. BidaskClub lowered Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Raymond James Financial, Inc. upgraded Consolidated Communications Holdings from an “outperform” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a report on Friday, June 9th. ValuEngine upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Cowen and Company restated a “hold” rating and set a $22.00 target price on shares of Consolidated Communications Holdings in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $25.60.

A number of large investors have recently modified their holdings of CNSL. Ameritas Investment Partners Inc. bought a new stake in Consolidated Communications Holdings during the 1st quarter worth about $100,000. SG Americas Securities LLC bought a new stake in shares of Consolidated Communications Holdings in the 2nd quarter valued at about $127,000. State of Alaska Department of Revenue raised its holdings in shares of Consolidated Communications Holdings by 2.0% in the 1st quarter. State of Alaska Department of Revenue now owns 5,590 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 110 shares during the period. QS Investors LLC raised its holdings in shares of Consolidated Communications Holdings 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 during the period. Finally, Advisor Group Inc. raised its holdings in shares of Consolidated Communications Holdings by 28.7% in the 2nd quarter. Advisor Group Inc. now owns 8,268 shares of the utilities provider’s stock valued at $167,000 after purchasing an additional 1,846 shares during the period. 67.72% of the stock is currently owned by hedge funds and other institutional investors.

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.

Insider Buying and Selling by Quarter for Consolidated Communications Holdings (NASDAQ:CNSL)

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