Consolidated Communications Holdings, Inc. (CNSL) Director Wayne Wilson Buys 2,000 Shares

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Director Wayne Wilson purchased 2,000 shares of the stock in a transaction on Thursday, September 7th. The stock was acquired at an average cost of $17.75 per share, with a total value of $35,500.00. Following the completion of the purchase, the director now directly owns 46,211 shares of the company’s stock, valued at $820,245.25. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) opened at 17.46 on Tuesday. The company has a market capitalization of $1.24 billion, a P/E ratio of 5820.00 and a beta of 0.91. Consolidated Communications Holdings, Inc. has a 1-year low of $17.21 and a 1-year high of $30.23. The firm has a 50-day moving average of $18.72 and a 200 day moving average of $21.04.

Consolidated Communications Holdings (NASDAQ:CNSL) last released its earnings results on Thursday, August 3rd. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The firm had revenue of $169.95 million during the quarter, compared to analyst estimates of $169.69 million. Consolidated Communications Holdings had a net margin of 0.09% and a return on equity of 15.30%. The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the business earned $0.20 EPS. On average, analysts anticipate that Consolidated Communications Holdings, Inc. will post $0.55 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Sunday, October 15th will be issued a $0.3874 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.55 annualized dividend and a dividend yield of 8.87%. Consolidated Communications Holdings’s dividend payout ratio (DPR) is presently 15,500.00%.

COPYRIGHT VIOLATION NOTICE: “Consolidated Communications Holdings, Inc. (CNSL) Director Wayne Wilson Buys 2,000 Shares” was originally posted by Markets Daily and is the property of of Markets Daily. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.themarketsdaily.com/2017/09/12/consolidated-communications-holdings-inc-cnsl-director-wayne-wilson-buys-2000-shares.html.

Several analysts have weighed in on the stock. UBS AG raised shares of Consolidated Communications Holdings to a “strong-buy” rating in a research note on Friday, June 9th. TheStreet downgraded shares of Consolidated Communications Holdings from a “c” rating to a “d+” rating in a research note on Thursday, August 3rd. BidaskClub raised shares of Consolidated Communications Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. ValuEngine downgraded shares of Consolidated Communications Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Finally, Citigroup Inc. raised shares of Consolidated Communications Holdings from a “sell” rating to a “neutral” rating in a research note on Wednesday, June 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Consolidated Communications Holdings presently has a consensus rating of “Hold” and a consensus price target of $25.60.

Several institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new stake in shares of Consolidated Communications Holdings in the 2nd quarter worth about $236,000. Martin & Co. Inc. TN lifted its holdings in shares of Consolidated Communications Holdings by 6.0% in the 2nd quarter. Martin & Co. Inc. TN now owns 82,648 shares of the utilities provider’s stock worth $1,774,000 after acquiring an additional 4,670 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Consolidated Communications Holdings by 24.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 103,922 shares of the utilities provider’s stock worth $2,231,000 after acquiring an additional 20,402 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Consolidated Communications Holdings by 0.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,454 shares of the utilities provider’s stock worth $826,000 after acquiring an additional 303 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Consolidated Communications Holdings by 3.6% in the 2nd quarter. State Street Corp now owns 1,289,342 shares of the utilities provider’s stock worth $27,683,000 after acquiring an additional 45,081 shares during the last quarter. Hedge funds and other institutional investors own 67.72% of the company’s stock.

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)

Receive News & Ratings for Consolidated Communications Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Communications Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply