Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 357,534 shares of the utilities provider’s stock after selling 16,448 shares during the quarter. Principal Financial Group Inc. owned approximately 0.30% of Consolidated Communications worth $1,659,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CNSL. Virtu Financial LLC purchased a new stake in shares of Consolidated Communications in the third quarter valued at about $47,000. Quantinno Capital Management LP acquired a new position in Consolidated Communications in the 3rd quarter valued at about $53,000. Quantbot Technologies LP acquired a new stake in Consolidated Communications during the 3rd quarter worth approximately $55,000. AQR Capital Management LLC grew its stake in shares of Consolidated Communications by 22.1% in the 2nd quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 5,074 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings 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 purchasing an additional 4,061 shares during the period. 79.98% of the stock is owned by institutional investors and hedge funds.

Consolidated Communications Price Performance

Consolidated Communications stock opened at $4.72 on Friday. The business has a 50 day simple moving average of $4.67 and a 200-day simple moving average of $4.59. Consolidated Communications Holdings, Inc. has a 12 month low of $4.18 and a 12 month high of $4.75. 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 capitalization of $559.17 million, a PE ratio of -2.30 and a beta of 0.98.

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.