Trade Report: Today: Global X Management Co. LLC decides to keep it stake in Consolidated Communications Holdings Inc (CNSL) to the level of $8,400,000

Today: Global X Management Co. LLC decides to keep it stake in Consolidated Communications Holdings Inc (CNSL) to the level of $8,400,000

Global X Management Co. LLC lowered its stake in Consolidated Communications Holdings Inc (NASDAQ:CNSL) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 332,814 shares of the company’s stock after selling 2,123 shares during the period. Global X Management Co. LLC owned approximately 0.66% of Consolidated Communications Holdings worth $8,400,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CNSL. Hanson McClain Inc. boosted its stake in Consolidated Communications Holdings by 0.3% in the second quarter. Hanson McClain Inc. now owns 12,279 shares of the company’s stock worth $334,000 after buying an additional 36 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Consolidated Communications Holdings by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 4,117 shares of the company’s stock worth $112,000 after buying an additional 39 shares during the period. Louisiana State Employees Retirement System boosted its stake in Consolidated Communications Holdings by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 22,400 shares of the company’s stock worth $610,000 after buying an additional 100 shares during the period. Aperio Group LLC boosted its stake in Consolidated Communications Holdings by 0.5% in the third quarter. Aperio Group LLC now owns 34,045 shares of the company’s stock worth $859,000 after buying an additional 161 shares during the period. Finally, Profund Advisors LLC boosted its stake in Consolidated Communications Holdings by 2.1% in the second quarter. Profund Advisors LLC now owns 12,022 shares of the company’s stock worth $327,000 after buying an additional 252 shares during the period. 63.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Consolidated Communications Holdings Inc (NASDAQ:CNSL) traded up 0.07% on Monday, reaching $29.51. 96,850 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $25.17 and its 200 day moving average price is $25.49. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 77.25 and a beta of 1.20. Consolidated Communications Holdings Inc has a 12 month low of $17.76 and a 12 month high of $29.74.

Consolidated Communications Holdings (NASDAQ:CNSL) last posted its earnings results on Thursday, November 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. Consolidated Communications Holdings had a return on equity of 14.50% and a net margin of 2.60%. The firm had revenue of $191.50 million for the quarter, compared to analyst estimates of $188.81 million. During the same quarter in the prior year, the company earned $0.18 EPS. Consolidated Communications Holdings’s revenue was down 1.3% on a year-over-year basis. Equities research analysts predict that Consolidated Communications Holdings Inc will post $0.69 EPS for the current fiscal year.

Several equities research analysts recently weighed in on CNSL shares. Jefferies Group reiterated a “hold” rating on shares of Consolidated Communications Holdings in a research note on Thursday, August 4th. Raymond James Financial Inc. cut shares of Consolidated Communications Holdings from a “market perform” rating to an “underperform” rating in a research note on Friday, August 5th. They noted that the move was a valuation call. Citigroup Inc. increased their target price on shares of Consolidated Communications Holdings from $17.00 to $19.00 and gave the company a “sell” rating in a research note on Friday, August 5th. Drexel Hamilton set a $26.00 target price on shares of Consolidated Communications Holdings and gave the company a “hold” rating in a research note on Friday, August 5th. Finally, Zacks Investment Research upgraded shares of Consolidated Communications Holdings from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, August 9th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.17.

Consolidated Communications Holdings Company Profile

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