Charles Schwab Investment Management Inc. Has $7.43 Million Stock Position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Charles Schwab Investment Management Inc. reduced its stake in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,601,195 shares of the utilities provider’s stock after selling 440,949 shares during the period. Charles Schwab Investment Management Inc. owned 1.35% of Consolidated Communications worth $7,430,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNSL. Dimensional Fund Advisors LP lifted its position in Consolidated Communications by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,876,311 shares of the utilities provider’s stock worth $17,056,000 after acquiring an additional 48,609 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Consolidated Communications by 34.1% in the second quarter. Private Advisor Group LLC now owns 2,264,899 shares of the utilities provider’s stock valued at $9,966,000 after buying an additional 575,340 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Consolidated Communications by 27.9% in the second quarter. Hsbc Holdings PLC now owns 619,494 shares of the utilities provider’s stock valued at $2,723,000 after purchasing an additional 135,035 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Consolidated Communications by 2.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 604,060 shares of the utilities provider’s stock worth $2,658,000 after purchasing an additional 16,217 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in Consolidated Communications by 36.9% in the second quarter. Gabelli Funds LLC now owns 518,795 shares of the utilities provider’s stock valued at $2,283,000 after acquiring an additional 139,734 shares during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

Consolidated Communications Price Performance

Shares of CNSL opened at $4.69 on Thursday. Consolidated Communications Holdings, Inc. has a 1 year low of $4.18 and a 1 year high of $4.72. The stock has a market cap of $555.61 million, a P/E ratio of -2.29 and a beta of 0.98. 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’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $4.55.

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.