Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its position in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 357,534 shares of the utilities provider’s stock after selling 16,448 shares during the quarter. Principal Financial Group Inc. owned about 0.30% of Consolidated Communications worth $1,659,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CNSL. Innealta Capital LLC acquired a new stake in Consolidated Communications in the 1st quarter valued at $53,000. Gamco Investors INC. ET AL acquired a new stake in shares of Consolidated Communications in the first quarter valued at about $110,000. Rather & Kittrell Inc. purchased a new stake in shares of Consolidated Communications during the 2nd quarter valued at about $112,000. AQR Capital Management LLC lifted its position in Consolidated Communications by 22.1% during 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 in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Consolidated Communications by 14.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock worth $144,000 after acquiring an additional 4,061 shares in the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Consolidated Communications Stock Performance

NASDAQ:CNSL opened at $4.63 on Friday. The stock has a market cap of $548.52 million, a price-to-earnings ratio of -2.26 and a beta of 0.98. Consolidated Communications Holdings, Inc. has a one year low of $4.18 and a one year high of $4.70. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.76 and a current ratio of 0.76. The business’s 50-day simple moving average is $4.63 and its 200 day simple moving average is $4.51.

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.