Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 243.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,932 shares of the utilities provider’s stock after acquiring an additional 106,303 shares during the quarter. Intech Investment Management LLC owned 0.13% of Consolidated Communications worth $696,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Wolverine Asset Management LLC lifted its stake in shares of Consolidated Communications by 11.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 343,776 shares of the utilities provider’s stock valued at $1,595,000 after purchasing an additional 35,094 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Consolidated Communications by 76.5% during the 3rd quarter. SG Americas Securities LLC now owns 42,966 shares of the utilities provider’s stock worth $199,000 after purchasing an additional 18,626 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Consolidated Communications by 14.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 4,061 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Consolidated Communications by 22.1% in the 2nd quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 5,074 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in shares of Consolidated Communications by 26.9% during the 2nd quarter. Squarepoint Ops LLC now owns 335,053 shares of the utilities provider’s stock worth $1,474,000 after purchasing an additional 71,004 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Consolidated Communications Stock Performance

CNSL opened at $4.67 on Friday. The stock’s 50 day simple moving average is $4.63 and its 200-day simple moving average is $4.53. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 10.13. The stock has a market cap of $553.25 million, a PE ratio of -2.28 and a beta of 0.98. Consolidated Communications Holdings, Inc. has a 1 year low of $4.18 and a 1 year high of $4.72.

Consolidated Communications 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.