Systematic Financial Management LP acquired a new position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 85,330 shares of the utilities provider’s stock, valued at approximately $1,628,000. Systematic Financial Management LP owned about 0.12% of Consolidated Communications at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CNSL. Teachers Advisors LLC boosted its holdings in shares of Consolidated Communications by 3.5% in the first quarter. Teachers Advisors LLC now owns 88,510 shares of the utilities provider’s stock worth $2,073,000 after buying an additional 2,964 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Consolidated Communications by 6.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 320,422 shares of the utilities provider’s stock worth $7,505,000 after buying an additional 20,714 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Consolidated Communications by 43.1% in the first quarter. Bank of America Corp DE now owns 97,051 shares of the utilities provider’s stock worth $2,273,000 after buying an additional 29,216 shares during the last quarter. State Street Corp boosted its holdings in shares of Consolidated Communications by 9.8% in the first quarter. State Street Corp now owns 1,244,261 shares of the utilities provider’s stock worth $29,139,000 after buying an additional 111,177 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Consolidated Communications by 79.2% in the second quarter. State of Alaska Department of Revenue now owns 10,020 shares of the utilities provider’s stock worth $215,000 after buying an additional 4,430 shares during the last quarter. 58.00% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on CNSL shares. BidaskClub raised shares of Consolidated Communications from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Jefferies Group LLC lowered their price target on shares of Consolidated Communications from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Consolidated Communications from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. TheStreet downgraded shares of Consolidated Communications from a “c” rating to a “d+” rating in a report on Thursday, August 3rd. Finally, ValuEngine downgraded shares of Consolidated Communications from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Consolidated Communications has an average rating of “Hold” and an average price target of $22.00.

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) opened at $13.62 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.61. Consolidated Communications Holdings, Inc. has a 1-year low of $13.04 and a 1-year high of $30.23. The firm has a market cap of $964.79, a P/E ratio of 38.91, a price-to-earnings-growth ratio of 24.54 and a beta of 0.86.

The company also recently declared 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. This represents a $1.55 annualized dividend and a yield of 11.37%. The ex-dividend date is Thursday, January 11th. Consolidated Communications’s dividend payout ratio is currently -287.03%.

In related news, Director Robert J. Currey acquired 2,000 shares of Consolidated Communications stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average price of $18.18 per share, for a total transaction of $36,360.00. Following the completion of the transaction, the director now directly owns 45,995 shares in the company, valued at approximately $836,189.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Wayne Wilson acquired 3,000 shares of Consolidated Communications stock in a transaction dated Thursday, September 14th. The shares were bought at an average price of $17.45 per share, for a total transaction of $52,350.00. Following the transaction, the director now owns 50,211 shares of the company’s stock, valued at $876,181.95. The disclosure for this purchase can be found here. Insiders have acquired 27,550 shares of company stock worth $423,913 in the last ninety days. Insiders own 3.00% of the company’s stock.

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Consolidated Communications 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.

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Institutional Ownership by Quarter for Consolidated Communications (NASDAQ:CNSL)

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