Shares of Consolidated Communications Holdings Inc (NASDAQ:CNSL) traded up 1% on Tuesday . The stock traded as high as $13.35 and last traded at $12.19. 1,040,500 shares were traded during mid-day trading, an increase of 67% from the average session volume of 622,965 shares. The stock had previously closed at $12.31.

Several analysts have recently weighed in on the stock. Drexel Hamilton raised shares of Consolidated Communications from a “hold” rating to a “buy” rating in a research note on Tuesday. They noted that the move was a valuation call. Zacks Investment Research raised shares of Consolidated Communications from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut shares of Consolidated Communications from a “hold” rating to a “sell” rating in a research note on Sunday. Cowen reissued a “hold” rating and issued a $21.00 price target on shares of Consolidated Communications in a research note on Thursday, October 19th. Finally, Jefferies Group dropped their price target on shares of Consolidated Communications from $21.00 to $19.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Consolidated Communications presently has a consensus rating of “Buy” and an average price target of $22.00.

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.61. The stock has a market cap of $941.41, a P/E ratio of -22.72, a price-to-earnings-growth ratio of 23.43 and a beta of 0.74.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 15th will be given a dividend of $0.387 per share. The ex-dividend date is Thursday, January 11th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 12.62%. Consolidated Communications’s payout ratio is currently -287.03%.

In related news, Director Robert J. Currey acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of $13.43 per share, with a total value of $67,150.00. Following the transaction, the director now owns 45,995 shares of the company’s stock, valued at approximately $617,712.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas A. Gerke acquired 6,850 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average cost of $14.63 per share, with a total value of $100,215.50. Following the transaction, the director now directly owns 12,667 shares in the company, valued at approximately $185,318.21. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,550 shares of company stock valued at $247,203 in the last ninety days. 3.00% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of Consolidated Communications by 0.3% during the 2nd quarter. BlackRock Inc. now owns 7,058,156 shares of the utilities provider’s stock worth $151,539,000 after purchasing an additional 17,697 shares during the period. Royal Bank of Canada lifted its holdings in Consolidated Communications by 11.1% during the 2nd quarter. Royal Bank of Canada now owns 6,029,890 shares of the utilities provider’s stock worth $129,462,000 after buying an additional 601,410 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Consolidated Communications by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 5,655,583 shares of the utilities provider’s stock worth $121,425,000 after buying an additional 48,111 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Consolidated Communications by 37.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,643,331 shares of the utilities provider’s stock worth $50,436,000 after buying an additional 721,763 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Consolidated Communications by 15.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,730,061 shares of the utilities provider’s stock worth $33,009,000 after buying an additional 229,836 shares in the last quarter. 70.79% of the stock is owned by hedge funds and other institutional investors.

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About Consolidated Communications

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.

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