Consolidated Communications Holdings Inc (NASDAQ:CNSL) was the target of some unusual options trading on Wednesday. Investors purchased 749 call options on the stock. This is an increase of approximately 1,369% compared to the typical volume of 51 call options.

Consolidated Communications (NASDAQ CNSL) opened at $12.70 on Friday. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.88 and a quick ratio of 0.88. Consolidated Communications has a 12-month low of $12.03 and a 12-month high of $26.79. The company has a market capitalization of $899.62, a price-to-earnings ratio of -23.52, a P/E/G ratio of 22.76 and a beta of 0.74.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 15th will be given a $0.387 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 12.19%. The ex-dividend date of this dividend is Thursday, January 11th. Consolidated Communications’s payout ratio is currently -287.04%.

Several research firms have weighed in on CNSL. ValuEngine cut Consolidated Communications from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded Consolidated Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Cowen reiterated a “hold” rating and set a $21.00 price objective on shares of Consolidated Communications in a research report on Thursday, October 19th. Drexel Hamilton upgraded Consolidated Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. Finally, Jefferies Group lowered their price objective on Consolidated Communications from $21.00 to $19.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Consolidated Communications has a consensus rating of “Buy” and an average target price of $22.00.

In other news, Director Thomas A. Gerke acquired 6,850 shares of the stock in a transaction on Tuesday, November 7th. The shares were purchased at an average price of $14.63 per share, for a total transaction of $100,215.50. Following the transaction, the director now directly owns 12,667 shares of the company’s stock, valued at $185,318.21. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert J. Currey acquired 5,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of $13.43 per share, for a total transaction of $67,150.00. Following the transaction, the director now directly owns 45,995 shares in the company, valued at $617,712.85. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,550 shares of company stock valued at $247,203 in the last ninety days. Insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of Consolidated Communications by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 38,454 shares of the utilities provider’s stock worth $826,000 after purchasing an additional 303 shares during the period. ETRADE Capital Management LLC increased its position in shares of Consolidated Communications by 2.5% in the second quarter. ETRADE Capital Management LLC now owns 14,603 shares of the utilities provider’s stock worth $314,000 after purchasing an additional 362 shares during the period. California Public Employees Retirement System increased its position in shares of Consolidated Communications by 1.5% in the second quarter. California Public Employees Retirement System now owns 95,789 shares of the utilities provider’s stock worth $2,057,000 after purchasing an additional 1,400 shares during the period. Advisor Group Inc. increased its position in shares of Consolidated Communications by 28.7% in the second quarter. Advisor Group Inc. now owns 8,268 shares of the utilities provider’s stock worth $167,000 after purchasing an additional 1,846 shares during the period. Finally, Thrivent Financial For Lutherans increased its position in shares of Consolidated Communications by 6.7% in the second quarter. Thrivent Financial For Lutherans now owns 30,580 shares of the utilities provider’s stock worth $657,000 after purchasing an additional 1,930 shares during the period. Institutional investors own 70.79% of the company’s stock.

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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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