Swiss National Bank continued to hold its stake in shares of Consolidated Communications Holdings Inc. (NASDAQ:CNSL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,000 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.16% of Consolidated Communications Holdings worth $2,179,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Consolidated Communications Holdings during the fourth quarter worth approximately $10,162,000. Commonwealth Equity Services Inc increased its position in shares of Consolidated Communications Holdings by 2.7% in the first quarter. Commonwealth Equity Services Inc now owns 30,026 shares of the company’s stock worth $773,000 after buying an additional 800 shares during the period. IFP Advisors Inc increased its position in shares of Consolidated Communications Holdings by 143.8% in the first quarter. IFP Advisors Inc now owns 9,477 shares of the company’s stock worth $244,000 after buying an additional 5,590 shares during the period. Teachers Advisors Inc. increased its position in shares of Consolidated Communications Holdings by 3.1% in the first quarter. Teachers Advisors Inc. now owns 81,057 shares of the company’s stock worth $2,088,000 after buying an additional 2,425 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Consolidated Communications Holdings by 3.2% in the first quarter. Prudential Financial Inc. now owns 121,039 shares of the company’s stock worth $3,118,000 after buying an additional 3,700 shares during the period. Hedge funds and other institutional investors own 62.08% of the company’s stock.

Shares of Consolidated Communications Holdings Inc. (NASDAQ:CNSL) traded up 0.74% during trading on Monday, hitting $24.48. The stock had a trading volume of 128,935 shares. The stock’s 50 day moving average price is $25.19 and its 200-day moving average price is $25.14. Consolidated Communications Holdings Inc. has a one year low of $17.76 and a one year high of $28.78. The stock has a market cap of $1.24 billion, a P/E ratio of 82.42 and a beta of 1.07.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The business earned $186.90 million during the quarter, compared to the consensus estimate of $193.77 million. Consolidated Communications Holdings had a net margin of 2.01% and a return on equity of 13.91%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 EPS. Analysts expect that Consolidated Communications Holdings Inc. will post $0.70 earnings per share for the current fiscal year.

A number of brokerages recently commented on CNSL. Zacks Investment Research downgraded shares of Consolidated Communications Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Drexel Hamilton set a $26.00 price objective on shares of Consolidated Communications Holdings and gave the stock a “hold” rating in a research note on Friday, August 5th. Citigroup Inc. boosted their price objective on shares of Consolidated Communications Holdings from $17.00 to $19.00 and gave the stock a “sell” rating in a research note on Friday, August 5th. Raymond James Financial Inc. downgraded shares of Consolidated Communications Holdings from a “market perform” rating to an “underperform” rating in a research note on Friday, August 5th. They noted that the move was a valuation call. Finally, Jefferies Group reissued a “hold” rating on shares of Consolidated Communications Holdings in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.60.

In related news, CFO Steven L. Childers sold 10,000 shares of the stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $28.20, for a total transaction of $282,000.00. Following the completion of the transaction, the chief financial officer now owns 85,410 shares of the company’s stock, valued at approximately $2,408,562. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.

About Consolidated Communications Holdings

Consolidated Communications Holdings, Inc is a holding company with operating subsidiaries that provide integrated communications services in consumer, commercial and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas and Wisconsin.

5 Day Chart for NASDAQ:CNSL

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