125,823 Shares in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC bought a new position in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 125,823 shares of the utilities provider’s stock, valued at approximately $547,000. Wolverine Asset Management LLC owned approximately 0.11% of Consolidated Communications as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CNSL. AE Wealth Management LLC acquired a new position in Consolidated Communications during the third quarter worth $86,000. SG Americas Securities LLC raised its holdings in Consolidated Communications by 180.5% during the third quarter. SG Americas Securities LLC now owns 67,464 shares of the utilities provider’s stock worth $231,000 after buying an additional 43,411 shares during the last quarter. Private Advisor Group LLC raised its holdings in Consolidated Communications by 4.6% during the third quarter. Private Advisor Group LLC now owns 1,980,544 shares of the utilities provider’s stock worth $6,773,000 after buying an additional 87,900 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in Consolidated Communications during the third quarter worth $165,000. Finally, Swiss National Bank raised its holdings in Consolidated Communications by 3.0% during the third quarter. Swiss National Bank now owns 166,647 shares of the utilities provider’s stock worth $570,000 after buying an additional 4,800 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Consolidated Communications Trading Up 0.7 %

Shares of CNSL stock opened at $4.27 on Friday. The firm has a 50-day moving average of $4.30 and a 200-day moving average of $4.28. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.25. Consolidated Communications Holdings, Inc. has a one year low of $2.93 and a one year high of $4.65.

Consolidated Communications (NASDAQ:CNSL) last posted its quarterly earnings data on Tuesday, March 5th. The utilities provider reported ($0.27) earnings per share (EPS) for the quarter. Consolidated Communications had a negative return on equity of 16.89% and a negative net margin of 22.53%. The company had revenue of $275.18 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Consolidated Communications in a report on Monday, April 22nd. They issued a “sell” rating for the company.

Consolidated Communications Profile

Consolidated Communications Holdings, Inc, together with its subsidiaries, provides broadband and business communication solutions for consumer, commercial, and carrier channels in the United States. It offers high-speed broadband Internet access, SIP trunking, and voice over Internet protocol (VoIP) phone services; commercial data connectivity services in various markets, including Ethernet services, private line data services, software defined wide area network, and multi-protocol label switching services; networking services; cloud-based services; and data center and disaster recovery solutions.