Algert Global LLC bought a new position in shares of Consolidated Communications Holdings Inc (NASDAQ:CNSL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,794 shares of the utilities provider’s stock, valued at approximately $485,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its stake in shares of Consolidated Communications by 0.8% during the second quarter. The Manufacturers Life Insurance Company now owns 38,454 shares of the utilities provider’s stock worth $826,000 after buying an additional 303 shares during the period. California Public Employees Retirement System increased its stake in shares of Consolidated Communications by 1.5% during the second quarter. California Public Employees Retirement System now owns 95,789 shares of the utilities provider’s stock worth $2,057,000 after buying an additional 1,400 shares during the period. Advisor Group Inc. increased its stake in shares of Consolidated Communications by 28.7% during the second quarter. Advisor Group Inc. now owns 8,268 shares of the utilities provider’s stock worth $167,000 after buying an additional 1,846 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Consolidated Communications by 6.7% during the second quarter. Thrivent Financial For Lutherans now owns 30,580 shares of the utilities provider’s stock worth $657,000 after buying an additional 1,930 shares during the period. Finally, Dana Investment Advisors Inc. increased its stake in shares of Consolidated Communications by 9.3% during the third quarter. Dana Investment Advisors Inc. now owns 52,040 shares of the utilities provider’s stock worth $993,000 after buying an additional 4,444 shares during the period. Hedge funds and other institutional investors own 71.10% of the company’s stock.

A number of analysts recently weighed in on CNSL shares. Jefferies Group cut their target price on shares of Consolidated Communications from $21.00 to $19.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Drexel Hamilton upgraded shares of Consolidated Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, January 2nd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Consolidated Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. ValuEngine lowered shares of Consolidated Communications from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Cowen restated a “hold” rating and set a $21.00 target price on shares of Consolidated Communications in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Consolidated Communications currently has a consensus rating of “Buy” and a consensus price target of $22.00.

In related news, Director Robert J. Currey purchased 5,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $13.43 per share, for a total transaction of $67,150.00. Following the completion of the purchase, the director now directly owns 45,995 shares of the company’s stock, valued at approximately $617,712.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 8,500 shares of company stock worth $114,775 over the last quarter. 3.00% of the stock is currently owned by insiders.

Consolidated Communications Holdings Inc (CNSL) opened at $11.25 on Tuesday. The company has a market cap of $796.91, a P/E ratio of -20.83, a price-to-earnings-growth ratio of 20.87 and a beta of 0.69. Consolidated Communications Holdings Inc has a one year low of $11.23 and a one year high of $26.79. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 4.61.

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Consolidated Communications 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 (NASDAQ:CNSL)

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