SG Americas Securities LLC Buys 18,626 Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

SG Americas Securities LLC raised its stake in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 76.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,966 shares of the utilities provider’s stock after purchasing an additional 18,626 shares during the period. SG Americas Securities LLC’s holdings in Consolidated Communications were worth $199,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gabelli Funds LLC lifted its holdings in shares of Consolidated Communications by 2,427.1% in the 1st quarter. Gabelli Funds LLC now owns 379,061 shares of the utilities provider’s stock valued at $1,638,000 after acquiring an additional 364,061 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Consolidated Communications by 54.5% in the 1st quarter. Private Advisor Group LLC now owns 1,689,559 shares of the utilities provider’s stock valued at $7,299,000 after acquiring an additional 596,244 shares during the last quarter. Gardner Lewis Asset Management L P bought a new position in shares of Consolidated Communications in the 2nd quarter valued at about $2,247,000. Gamco Investors INC. ET AL bought a new position in shares of Consolidated Communications in the 1st quarter valued at about $110,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Consolidated Communications in the 1st quarter valued at about $83,000. Institutional investors own 79.98% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Consolidated Communications in a report on Saturday, July 27th. They issued a “sell” rating for the company.

Consolidated Communications Stock Performance

Consolidated Communications stock opened at $4.63 on Wednesday. The company has a debt-to-equity ratio of 7.51, a current ratio of 0.72 and a quick ratio of 0.72. Consolidated Communications Holdings, Inc. has a 1-year low of $4.01 and a 1-year high of $4.65. The firm has a market capitalization of $548.33 million, a P/E ratio of -1.79 and a beta of 0.97. The company’s 50-day moving average is $4.60 and its 200 day moving average is $4.46.

Consolidated Communications (NASDAQ:CNSL) last issued its earnings results on Tuesday, August 6th. The utilities provider reported ($0.39) EPS for the quarter. The company had revenue of $268.71 million for the quarter. Consolidated Communications had a negative return on equity of 25.00% and a negative net margin of 17.74%.

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.