Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Director Wayne Wilson bought 3,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were bought at an average price of $17.45 per share, with a total value of $52,350.00. Following the completion of the purchase, the director now owns 50,211 shares in the company, valued at approximately $876,181.95. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wayne Wilson also recently made the following trade(s):

  • On Thursday, September 7th, Wayne Wilson acquired 2,000 shares of Consolidated Communications Holdings stock. The stock was bought at an average price of $17.75 per share, with a total value of $35,500.00.

Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) traded up 2.77% during midday trading on Friday, reaching $18.16. The company’s stock had a trading volume of 1,255,773 shares. The stock has a 50-day moving average of $18.63 and a 200 day moving average of $20.88. Consolidated Communications Holdings, Inc. has a 12-month low of $17.21 and a 12-month high of $30.23. The firm has a market capitalization of $1.29 billion, a P/E ratio of 6053.33 and a beta of 0.91.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Sunday, October 15th will be paid a dividend of $0.3874 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 8.53%. Consolidated Communications Holdings’s dividend payout ratio is currently 15,500.00%.

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Several research firms have recently commented on CNSL. BidaskClub upgraded Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research lowered Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. UBS AG upgraded Consolidated Communications Holdings to a “strong-buy” rating in a research note on Friday, June 9th. Cowen and Company restated a “hold” rating and issued a $22.00 price objective on shares of Consolidated Communications Holdings in a research note on Friday, July 28th. Finally, ValuEngine lowered Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.60.

Several hedge funds have recently added to or reduced their stakes in CNSL. Teachers Advisors LLC increased its stake in shares of Consolidated Communications Holdings by 2.2% during the fourth quarter. Teachers Advisors LLC now owns 85,546 shares of the utilities provider’s stock worth $2,297,000 after purchasing an additional 1,814 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Consolidated Communications Holdings by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the utilities provider’s stock worth $482,000 after purchasing an additional 200 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Consolidated Communications Holdings by 3.9% during the first quarter. Wells Fargo & Company MN now owns 108,905 shares of the utilities provider’s stock worth $2,550,000 after purchasing an additional 4,132 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Consolidated Communications Holdings by 8.1% during the first quarter. Great West Life Assurance Co. Can now owns 71,024 shares of the utilities provider’s stock worth $1,663,000 after purchasing an additional 5,346 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Consolidated Communications Holdings by 48.9% during the first quarter. First Trust Advisors LP now owns 298,080 shares of the utilities provider’s stock worth $6,981,000 after purchasing an additional 97,844 shares in the last quarter. 67.72% of the stock is owned by institutional investors and hedge funds.

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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