Consolidated Communications (NASDAQ:CNSL) Sets New 12-Month High – Should You Buy?

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $4.72 and last traded at $4.70, with a volume of 5188314 shares. The stock had previously closed at $4.66.

Consolidated Communications Trading Up 0.2 %

The business has a fifty day moving average of $4.66 and a 200-day moving average of $4.57. 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 company has a market capitalization of $557.98 million, a P/E ratio of -2.30 and a beta of 0.99.

Institutional Trading of Consolidated Communications

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Consolidated Communications during the 3rd quarter valued at $47,000. Quantinno Capital Management LP bought a new stake in shares of Consolidated Communications during the third quarter valued at about $53,000. Quantbot Technologies LP purchased a new stake in shares of Consolidated Communications in the third quarter worth about $55,000. AQR Capital Management LLC lifted 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 worth $123,000 after buying an additional 5,074 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Consolidated Communications by 14.2% in the second quarter. The Manufacturers Life Insurance Company now owns 32,657 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 4,061 shares during the period. 79.98% of the stock is currently owned by institutional investors.

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.