Jane Street Group LLC Increases Stock Holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Jane Street Group LLC raised its position in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 154.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 276,771 shares of the utilities provider’s stock after purchasing an additional 168,210 shares during the quarter. Jane Street Group LLC owned 0.23% of Consolidated Communications worth $1,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in Consolidated Communications by 2.5% during the third quarter. State Street Corp now owns 2,948,326 shares of the utilities provider’s stock valued at $13,680,000 after buying an additional 71,384 shares during the period. SageView Advisory Group LLC boosted its stake in shares of Consolidated Communications by 90.4% during the 3rd quarter. SageView Advisory Group LLC now owns 35,418 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 16,813 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Consolidated Communications during the 3rd quarter valued at $53,000. Murchinson Ltd. purchased a new stake in shares of Consolidated Communications in the 3rd quarter worth $204,000. Finally, 272 Capital LP bought a new position in Consolidated Communications in the 3rd quarter worth $297,000. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Consolidated Communications Price Performance

NASDAQ CNSL opened at $4.72 on Friday. 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 fifty day moving average is $4.66 and its 200 day moving average is $4.58. The company has a market capitalization of $559.17 million, a PE ratio of -2.30 and a beta of 0.98. Consolidated Communications Holdings, Inc. has a fifty-two week low of $4.18 and a fifty-two week high of $4.75.

Consolidated Communications 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.