Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 357,534 shares of the utilities provider’s stock after selling 16,448 shares during the quarter. Principal Financial Group Inc.’s holdings in Consolidated Communications were worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Consolidated Communications during the first quarter worth $53,000. Gamco Investors INC. ET AL bought a new stake in shares of Consolidated Communications during the 1st quarter valued at about $110,000. Rather & Kittrell Inc. acquired a new stake in Consolidated Communications during the second quarter worth about $112,000. AQR Capital Management LLC lifted its holdings in Consolidated Communications by 22.1% in the second quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 5,074 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Consolidated Communications by 14.2% in the second quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 4,061 shares during the period. 79.98% of the stock is currently owned by institutional investors.

Consolidated Communications Price Performance

Shares of NASDAQ CNSL opened at $4.63 on Friday. The company has a debt-to-equity ratio of 10.13, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $548.52 million, a PE ratio of -2.26 and a beta of 0.98. Consolidated Communications Holdings, Inc. has a 1-year low of $4.18 and a 1-year high of $4.70. The business’s fifty day moving average price is $4.63 and its two-hundred day moving average price is $4.51.

Analyst Ratings Changes

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

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.