Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) CEO C Robert Udell, Jr. acquired 1,200 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were bought at an average cost of $14.66 per share, with a total value of $17,592.00. Following the completion of the acquisition, the chief executive officer now directly owns 86,996 shares of the company’s stock, valued at $1,275,361.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Consolidated Communications Holdings, Inc. (NASDAQ CNSL) traded up $0.01 during mid-day trading on Friday, reaching $14.35. 305,685 shares of the company’s stock were exchanged, compared to its average volume of 613,560. Consolidated Communications Holdings, Inc. has a twelve month low of $14.20 and a twelve month high of $30.23. The stock has a market capitalization of $1,030.00, a PE ratio of 42.57, a P/E/G ratio of 26.85 and a beta of 0.86. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 4.61.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be issued a dividend of $0.387 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.55 dividend on an annualized basis and a yield of 10.79%. Consolidated Communications Holdings’s dividend payout ratio is currently -287.04%.

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Several research analysts have recently weighed in on CNSL shares. ValuEngine cut shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. BidaskClub cut shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Cowen and Company reissued a “hold” rating and set a $21.00 price objective on shares of Consolidated Communications Holdings in a report on Thursday, October 19th. Jefferies Group LLC decreased their price objective on shares of Consolidated Communications Holdings from $21.00 to $19.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Finally, Zacks Investment Research cut shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $22.00.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in Consolidated Communications Holdings by 0.3% during the second quarter. BlackRock Inc. now owns 7,058,156 shares of the utilities provider’s stock valued at $151,539,000 after buying an additional 17,697 shares during the last quarter. Royal Bank of Canada increased its holdings in Consolidated Communications Holdings by 11.1% during the second quarter. Royal Bank of Canada now owns 6,029,890 shares of the utilities provider’s stock valued at $129,462,000 after buying an additional 601,410 shares during the last quarter. Vanguard Group Inc. increased its holdings in Consolidated Communications Holdings by 0.9% during the second quarter. Vanguard Group Inc. now owns 5,655,583 shares of the utilities provider’s stock valued at $121,425,000 after buying an additional 48,111 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Consolidated Communications Holdings by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,941,090 shares of the utilities provider’s stock valued at $45,461,000 after buying an additional 32,584 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Consolidated Communications Holdings by 15.3% during the third quarter. Principal Financial Group Inc. now owns 1,730,061 shares of the utilities provider’s stock valued at $33,009,000 after buying an additional 229,836 shares during the last quarter. 67.72% of the stock is owned by institutional investors and hedge funds.

Consolidated Communications Holdings Company Profile

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.

Insider Buying and Selling by Quarter for Consolidated Communications Holdings (NASDAQ:CNSL)

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