Texas Permanent School Fund Corp Has $437,000 Holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Texas Permanent School Fund Corp raised its holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 54.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,287 shares of the utilities provider’s stock after buying an additional 35,205 shares during the quarter. Texas Permanent School Fund Corp owned 0.08% of Consolidated Communications worth $437,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Trium Capital LLP acquired a new position in Consolidated Communications in the second quarter valued at approximately $680,000. Private Advisor Group LLC raised its position in shares of Consolidated Communications by 34.1% during the second quarter. Private Advisor Group LLC now owns 2,264,899 shares of the utilities provider’s stock worth $9,966,000 after purchasing an additional 575,340 shares during the period. Wolverine Asset Management LLC raised its position in shares of Consolidated Communications by 91.4% during the second quarter. Wolverine Asset Management LLC now owns 308,682 shares of the utilities provider’s stock worth $1,358,000 after purchasing an additional 147,416 shares during the period. Rhumbline Advisers raised its position in shares of Consolidated Communications by 2.1% during the second quarter. Rhumbline Advisers now owns 244,967 shares of the utilities provider’s stock worth $1,078,000 after purchasing an additional 5,066 shares during the period. Finally, Rather & Kittrell Inc. acquired a new position in shares of Consolidated Communications during the second quarter worth approximately $112,000. 79.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Consolidated Communications in a research report on Saturday, July 27th. They set a “sell” rating on the stock.

Consolidated Communications Price Performance

Shares of NASDAQ:CNSL opened at $4.60 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 7.51. Consolidated Communications Holdings, Inc. has a twelve month low of $3.28 and a twelve month high of $4.65. The stock’s 50 day moving average is $4.56 and its 200-day moving average is $4.41. The firm has a market capitalization of $544.78 million, a price-to-earnings ratio of -1.78 and a beta of 0.98.

Consolidated Communications (NASDAQ:CNSL) last issued its earnings results on Tuesday, August 6th. The utilities provider reported ($0.39) earnings per share for the quarter. Consolidated Communications had a negative return on equity of 25.00% and a negative net margin of 17.74%. The firm had revenue of $268.71 million for the quarter.

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.