Quantbot Technologies LP Invests $55,000 in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Quantbot Technologies LP purchased a new position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,839 shares of the utilities provider’s stock, valued at approximately $55,000.

A number of other large investors also recently bought and sold shares of CNSL. Private Advisor Group LLC increased its stake in shares of Consolidated Communications by 34.1% during 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 purchasing an additional 575,340 shares in the last quarter. Gardner Lewis Asset Management L P purchased a new position in Consolidated Communications during the second quarter valued at $2,247,000. Trium Capital LLP bought a new stake in Consolidated Communications in the second quarter worth $680,000. Wolverine Asset Management LLC grew its stake in shares of Consolidated Communications by 91.4% in the second quarter. Wolverine Asset Management LLC now owns 308,682 shares of the utilities provider’s stock worth $1,358,000 after acquiring an additional 147,416 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in shares of Consolidated Communications by 36.9% during 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 in the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

Consolidated Communications Price Performance

CNSL opened at $4.69 on Friday. The firm has a market cap of $555.61 million, a PE ratio of -2.29 and a beta of 0.98. The stock has a 50-day moving average price of $4.64 and a 200-day moving average price of $4.54. 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.

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.