New York State Teachers Retirement System Sells 8,288 Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

New York State Teachers Retirement System lowered its position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,742 shares of the utilities provider’s stock after selling 8,288 shares during the period. New York State Teachers Retirement System’s holdings in Consolidated Communications were worth $617,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its holdings in Consolidated Communications by 38.2% during the 1st quarter. Captrust Financial Advisors now owns 7,183 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 1,987 shares in the last quarter. Virtu Financial LLC bought a new position in Consolidated Communications during the 4th quarter worth about $36,000. American Century Companies Inc. bought a new position in Consolidated Communications during the 4th quarter worth about $38,000. Advisor Partners II LLC bought a new position in Consolidated Communications during the 1st quarter worth about $28,000. Finally, Kingswood Wealth Advisors LLC bought a new position in Consolidated Communications during the 4th quarter worth about $47,000. Institutional investors own 79.98% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Consolidated Communications in a report on Sunday, April 14th. They set a “sell” rating for the company.

Consolidated Communications Price Performance

Shares of NASDAQ CNSL opened at $4.25 on Friday. The stock has a market capitalization of $493 million, a price-to-earnings ratio of -1.63 and a beta of 1.07. The business has a 50-day moving average of $4.31 and a 200-day moving average of $4.25. The company has a debt-to-equity ratio of 5.25, a current ratio of 0.81 and a quick ratio of 0.81. Consolidated Communications Holdings, Inc. has a fifty-two week low of $2.93 and a fifty-two week high of $4.65.

Consolidated Communications (NASDAQ:CNSL) last announced its quarterly earnings data on Tuesday, March 5th. The utilities provider reported ($0.27) earnings per share for the quarter. Consolidated Communications had a negative net margin of 22.53% and a negative return on equity of 16.89%. The company had revenue of $275.18 million during the quarter.

Consolidated Communications Company Profile

Consolidated Communications Holdings, Inc, together with its subsidiaries, provides broadband and business communication solutions for consumer, commercial, and carrier channels in the United States. It offers high-speed broadband Internet access, SIP trunking, and voice over Internet protocol (VoIP) phone services; commercial data connectivity services in various markets, including Ethernet services, private line data services, software defined wide area network, and multi-protocol label switching services; networking services; cloud-based services; and data center and disaster recovery solutions.