Barclays PLC Boosts Holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Barclays PLC boosted its stake in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 359.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,059 shares of the utilities provider’s stock after acquiring an additional 100,201 shares during the period. Barclays PLC owned about 0.11% of Consolidated Communications worth $594,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Consolidated Communications by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,876,311 shares of the utilities provider’s stock valued at $17,056,000 after purchasing an additional 48,609 shares during the last quarter. State Street Corp increased 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 worth $13,680,000 after buying an additional 71,384 shares during the period. Hsbc Holdings PLC lifted its stake in Consolidated Communications by 27.9% in the second quarter. Hsbc Holdings PLC now owns 619,494 shares of the utilities provider’s stock valued at $2,723,000 after buying an additional 135,035 shares during the last quarter. FMR LLC lifted its stake in Consolidated Communications by 26.8% in the third quarter. FMR LLC now owns 565,450 shares of the utilities provider’s stock valued at $2,624,000 after buying an additional 119,575 shares during the last quarter. Finally, Gabelli Funds LLC boosted its holdings in shares of Consolidated Communications by 36.9% in 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 during the period. 79.98% of the stock is owned by hedge funds and other institutional investors.

Consolidated Communications Price Performance

Shares of NASDAQ:CNSL opened at $4.72 on Friday. Consolidated Communications Holdings, Inc. has a one year low of $4.18 and a one year high of $4.75. The stock has a market capitalization of $559.18 million, a price-to-earnings ratio of -2.30 and a beta of 0.98. The company has a 50-day simple moving average of $4.68 and a 200-day simple moving average of $4.61. The company has a debt-to-equity ratio of 10.13, a quick ratio of 0.76 and a current ratio of 0.76.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Consolidated Communications in a report on Wednesday. They issued a “sell” rating on the stock.

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.