43,629 Shares in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 43,629 shares of the utilities provider’s stock, valued at approximately $192,000.

Other institutional investors also recently modified their holdings of the company. Gardner Lewis Asset Management L P acquired a new position in Consolidated Communications in the 2nd quarter valued at $2,247,000. Hsbc Holdings PLC boosted its holdings in Consolidated Communications by 27.9% during the second quarter. Hsbc Holdings PLC now owns 619,494 shares of the utilities provider’s stock valued at $2,723,000 after acquiring an additional 135,035 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Consolidated Communications by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,876,311 shares of the utilities provider’s stock valued at $17,056,000 after purchasing an additional 48,609 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Consolidated Communications by 16.5% in the second quarter. American Century Companies Inc. now owns 110,849 shares of the utilities provider’s stock worth $488,000 after purchasing an additional 15,720 shares during the period. Finally, Texas Permanent School Fund Corp lifted its position in shares of Consolidated Communications by 54.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 99,287 shares of the utilities provider’s stock worth $437,000 after purchasing an additional 35,205 shares during the last quarter. Institutional investors own 79.98% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Consolidated Communications in a research report on Saturday, July 27th. They issued a “sell” rating on the stock.

Consolidated Communications Price Performance

Shares of Consolidated Communications stock opened at $4.64 on Monday. The company has a debt-to-equity ratio of 7.51, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $549.52 million, a PE ratio of -1.79 and a beta of 0.98. The firm has a fifty day moving average price of $4.58 and a two-hundred day moving average price of $4.42. Consolidated Communications Holdings, Inc. has a fifty-two week low of $3.28 and a fifty-two week high of $4.65.

Consolidated Communications (NASDAQ:CNSL) last released its earnings results on Tuesday, August 6th. The utilities provider reported ($0.39) earnings per share for the quarter. The firm had revenue of $268.71 million for the quarter. Consolidated Communications had a negative return on equity of 25.00% and a negative net margin of 17.74%.

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.