New York State Teachers Retirement System Buys 94,400 Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

New York State Teachers Retirement System raised its stake in Consolidated Communications Holdings, Inc. (NASDAQ:CNSLGet Rating) by 134.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 164,615 shares of the utilities provider’s stock after buying an additional 94,400 shares during the period. New York State Teachers Retirement System’s holdings in Consolidated Communications were worth $685,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CX Institutional acquired a new position in shares of Consolidated Communications in the 2nd quarter valued at about $28,000. Indiana Trust & Investment Management CO acquired a new position in shares of Consolidated Communications in the 3rd quarter valued at about $42,000. Captrust Financial Advisors lifted its stake in shares of Consolidated Communications by 38.2% in the 1st quarter. Captrust Financial Advisors now owns 7,183 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 1,987 shares during the period. KBC Group NV acquired a new position in shares of Consolidated Communications in the 2nd quarter valued at about $43,000. Finally, Cannell & Co. acquired a new position in shares of Consolidated Communications in the 2nd quarter valued at about $70,000. Institutional investors own 80.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. StockNews.com assumed coverage on Consolidated Communications in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock. Citigroup dropped their price target on Consolidated Communications from $5.00 to $4.00 and set a “sell” rating on the stock in a research note on Thursday, October 27th.

Consolidated Communications Stock Down 2.9 %

CNSL stock opened at $4.09 on Friday. The stock’s 50 day simple moving average is $4.22 and its 200 day simple moving average is $5.19. Consolidated Communications Holdings, Inc. has a fifty-two week low of $3.50 and a fifty-two week high of $8.49. The company has a debt-to-equity ratio of 2.98, a quick ratio of 2.42 and a current ratio of 2.42. The company has a market cap of $471.97 million, a P/E ratio of 3.03 and a beta of 1.16.

Consolidated Communications (NASDAQ:CNSLGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The utilities provider reported ($0.11) EPS for the quarter. The company had revenue of $296.62 million during the quarter. Consolidated Communications had a return on equity of 1.96% and a net margin of 15.70%.

Consolidated Communications Profile

(Get Rating)

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 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; data center and disaster recovery solutions; and wholesale services to regional and national interexchange, and wireless carriers comprising cellular backhaul and other fiber transport solutions.

Further Reading

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Institutional Ownership by Quarter for Consolidated Communications (NASDAQ:CNSL)

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