Barclays PLC Boosts Stake in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Barclays PLC raised its position in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 359.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 128,059 shares of the utilities provider’s stock after purchasing an additional 100,201 shares during the quarter. Barclays PLC’s holdings in Consolidated Communications were worth $594,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CNSL. State Street Corp boosted its position in shares of Consolidated Communications by 2.5% during the 3rd quarter. State Street Corp now owns 2,948,326 shares of the utilities provider’s stock valued at $13,680,000 after acquiring an additional 71,384 shares during the last quarter. Gardner Lewis Asset Management L P bought a new position in Consolidated Communications during the second quarter valued at $2,247,000. Jane Street Group LLC grew its stake in shares of Consolidated Communications by 154.9% in the 3rd quarter. Jane Street Group LLC now owns 276,771 shares of the utilities provider’s stock worth $1,284,000 after buying an additional 168,210 shares in the last quarter. Trium Capital LLP bought a new stake in shares of Consolidated Communications in the 2nd quarter worth about $680,000. Finally, Wolverine Asset Management LLC increased its stake in Consolidated Communications by 91.4% during the second quarter. Wolverine Asset Management LLC now owns 308,682 shares of the utilities provider’s stock worth $1,358,000 after acquiring an additional 147,416 shares during the last quarter. Institutional investors own 79.98% of the company’s stock.

Consolidated Communications Price Performance

NASDAQ:CNSL opened at $4.72 on Thursday. The firm has a market capitalization of $559.17 million, a price-to-earnings ratio of -2.30 and a beta of 0.98. 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 business has a 50 day simple moving average of $4.67 and a 200-day simple moving average of $4.58. Consolidated Communications Holdings, Inc. has a 1 year low of $4.18 and a 1 year high of $4.75.

About Consolidated Communications

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.