Principal Financial Group Inc. Lowers Stock Position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Principal Financial Group Inc. decreased its holdings in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 357,534 shares of the utilities provider’s stock after selling 16,448 shares during the period. 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.

A number of other large investors have also modified their holdings of the business. Virtu Financial LLC purchased a new stake in shares of Consolidated Communications in the third quarter valued at approximately $47,000. Quantinno Capital Management LP purchased a new stake in shares of Consolidated Communications during the 3rd quarter worth $53,000. Quantbot Technologies LP acquired a new position in shares of Consolidated Communications during the 3rd quarter worth $55,000. AQR Capital Management LLC increased its holdings in shares of Consolidated Communications by 22.1% in the 2nd quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 5,074 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of 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 purchasing an additional 4,061 shares during the period. 79.98% of the stock is owned by hedge funds and other institutional investors.

Consolidated Communications Stock Up 0.2 %

CNSL stock opened at $4.72 on Friday. Consolidated Communications Holdings, Inc. has a 52 week low of $4.18 and a 52 week high of $4.75. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 10.13. The company has a market cap of $559.17 million, a P/E ratio of -2.30 and a beta of 0.98. The company’s 50-day moving average price is $4.67 and its 200 day moving average price is $4.59.

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.