BNP Paribas Arbitrage SA grew its holdings in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 42.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,630 shares of the utilities provider’s stock after buying an additional 4,657 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Consolidated Communications Holdings were worth $336,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CNSL. BlackRock Inc. grew its stake in shares of Consolidated Communications Holdings by 97,076.8% during the first quarter. BlackRock Inc. now owns 7,040,459 shares of the utilities provider’s stock valued at $164,887,000 after buying an additional 7,033,214 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Consolidated Communications Holdings by 7.3% during the first quarter. Vanguard Group Inc. now owns 5,607,472 shares of the utilities provider’s stock valued at $131,326,000 after buying an additional 380,770 shares during the last quarter. State Street Corp grew its stake in shares of Consolidated Communications Holdings by 9.8% during the first quarter. State Street Corp now owns 1,244,261 shares of the utilities provider’s stock valued at $29,139,000 after buying an additional 111,177 shares during the last quarter. First Trust Advisors LP grew 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 valued at $6,981,000 after buying an additional 97,844 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Consolidated Communications Holdings by 7.4% during the first quarter. Principal Financial Group Inc. now owns 807,093 shares of the utilities provider’s stock valued at $18,902,000 after buying an additional 55,375 shares during the last quarter. 67.72% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on CNSL. ValuEngine cut Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. BidaskClub raised Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. TheStreet cut Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research note on Thursday, August 3rd. Cowen and Company reissued 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, Zacks Investment Research raised Consolidated Communications Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.60.

In related news, Director Wayne Wilson bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $17.45 per share, for a total transaction of $52,350.00. Following the acquisition, the director now owns 50,211 shares of the company’s stock, valued at $876,181.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Anthony Lumpkin bought 5,300 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $19.17 per share, with a total value of $101,601.00. Following the acquisition, the director now directly owns 12,667 shares in the company, valued at approximately $242,826.39. The disclosure for this purchase can be found here. Insiders purchased a total of 26,688 shares of company stock valued at $495,724 in the last quarter. 3.00% of the stock is owned by insiders.

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) opened at 18.29 on Tuesday. Consolidated Communications Holdings, Inc. has a 52 week low of $17.21 and a 52 week high of $30.23. The company has a 50-day moving average price of $18.64 and a 200 day moving average price of $20.82. The company has a market cap of $1.30 billion, a PE ratio of 6096.67 and a beta of 0.91.

Consolidated Communications Holdings (NASDAQ:CNSL) last posted its earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $169.69 million. During the same quarter last year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities research analysts forecast 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. Investors of record on Sunday, October 15th will be issued a $0.3874 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.55 annualized dividend and a yield of 8.47%. Consolidated Communications Holdings’s dividend payout ratio (DPR) is presently 15,500.00%.

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Consolidated Communications Holdings 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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Institutional Ownership by Quarter for Consolidated Communications Holdings (NASDAQ:CNSL)

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