State Street Corp Raises Position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

State Street Corp lifted its position in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,948,326 shares of the utilities provider’s stock after acquiring an additional 71,384 shares during the quarter. State Street Corp owned 2.49% of Consolidated Communications worth $13,680,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP acquired a new position in Consolidated Communications during the 3rd quarter worth approximately $53,000. Quantbot Technologies LP acquired a new position in Consolidated Communications during the third quarter worth $55,000. AQR Capital Management LLC grew its holdings in Consolidated Communications by 22.1% during the second 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 during the period. The Manufacturers Life Insurance Company raised its position in 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 worth $144,000 after acquiring an additional 4,061 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its holdings in Consolidated Communications by 90.4% in the third quarter. SageView Advisory Group LLC now owns 35,418 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 16,813 shares during the period. 79.98% of the stock is owned by hedge funds and other institutional investors.

Consolidated Communications Stock Performance

NASDAQ:CNSL opened at $4.71 on Thursday. The firm’s fifty day simple moving average is $4.66 and its 200-day simple moving average is $4.57. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 10.13. The stock has a market cap of $557.98 million, a PE ratio of -2.30 and a beta of 0.99. Consolidated Communications Holdings, Inc. has a fifty-two week low of $4.18 and a fifty-two week high of $4.72.

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.