Thrivent Financial for Lutherans Lowers Stock Holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Thrivent Financial for Lutherans reduced its stake in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,545 shares of the utilities provider’s stock after selling 3,376 shares during the period. Thrivent Financial for Lutherans owned 0.05% of Consolidated Communications worth $276,000 at the end of the most recent reporting period.

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

Consolidated Communications Price Performance

Shares of Consolidated Communications stock opened at $4.69 on Friday. Consolidated Communications Holdings, Inc. has a 1 year low of $4.18 and a 1 year high of $4.72. The company has a debt-to-equity ratio of 10.13, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $555.62 million, a price-to-earnings ratio of -2.29 and a beta of 0.98. The firm’s 50-day moving average is $4.64 and its two-hundred day moving average is $4.54.

About Consolidated Communications

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.