Private Advisor Group LLC Lowers Holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Private Advisor Group LLC lowered its stake in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 44.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,093,315 shares of the utilities provider’s stock after selling 887,229 shares during the period. Private Advisor Group LLC owned about 0.94% of Consolidated Communications worth $4,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of CNSL. Ballentine Partners LLC purchased a new position in shares of Consolidated Communications during the 4th quarter worth about $6,871,000. Charles Schwab Investment Management Inc. grew its stake in shares of Consolidated Communications by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,300,940 shares of the utilities provider’s stock valued at $7,869,000 after buying an additional 153,318 shares during the period. Vanguard Group Inc. increased its holdings in shares of Consolidated Communications by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,269,494 shares of the utilities provider’s stock worth $21,442,000 after buying an additional 128,005 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Consolidated Communications during the 4th quarter worth $547,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Consolidated Communications in the 4th quarter worth $239,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Consolidated Communications in a research note on Wednesday. They set a “sell” rating for the company.

Consolidated Communications Price Performance

CNSL opened at $4.30 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.25. The company has a market cap of $509.25 million, a P/E ratio of -1.65 and a beta of 1.14. The company has a 50 day moving average of $4.30 and a two-hundred day moving average of $4.31. Consolidated Communications Holdings, Inc. has a 52-week low of $2.93 and a 52-week high of $4.65.

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

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.