SG Americas Securities LLC Acquires 18,626 Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

SG Americas Securities LLC increased its holdings in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 76.5% during the third quarter, Holdings Channel.com reports. The firm owned 42,966 shares of the utilities provider’s stock after buying an additional 18,626 shares during the period. SG Americas Securities LLC’s holdings in Consolidated Communications were worth $199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in Consolidated Communications in the first quarter valued at approximately $53,000. Susquehanna Fundamental Investments LLC acquired a new stake in Consolidated Communications in the first quarter valued at approximately $83,000. Gamco Investors INC. ET AL acquired a new stake in Consolidated Communications in the first quarter valued at approximately $110,000. Rather & Kittrell Inc. acquired a new stake in Consolidated Communications in the second quarter valued at approximately $112,000. Finally, AQR Capital Management LLC boosted its stake 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 valued at $123,000 after acquiring an additional 5,074 shares in the last quarter. 79.98% of the stock is currently owned by institutional investors.

Consolidated Communications Price Performance

Shares of CNSL opened at $4.63 on Wednesday. Consolidated Communications Holdings, Inc. has a twelve month low of $4.01 and a twelve month high of $4.65. The company has a 50 day moving average of $4.60 and a two-hundred day moving average of $4.46. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.51. The company has a market cap of $548.33 million, a price-to-earnings ratio of -1.79 and a beta of 0.97.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Consolidated Communications in a research note on Saturday, July 27th. They issued a “sell” rating for the company.

Consolidated Communications Company 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.