The Manufacturers Life Insurance Company Has $144,000 Holdings in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

The Manufacturers Life Insurance Company lifted its position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 14.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,657 shares of the utilities provider’s stock after buying an additional 4,061 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Consolidated Communications were worth $144,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in Consolidated Communications during the first quarter worth approximately $53,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Consolidated Communications during the 1st quarter worth approximately $83,000. Gamco Investors INC. ET AL acquired a new position in shares of Consolidated Communications during the 1st quarter worth approximately $110,000. Rather & Kittrell Inc. bought a new stake in Consolidated Communications in the 2nd quarter valued at $112,000. Finally, AQR Capital Management LLC lifted its holdings in Consolidated Communications by 22.1% during 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. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Communications Price Performance

CNSL stock opened at $4.63 on Friday. Consolidated Communications Holdings, Inc. has a fifty-two week low of $4.01 and a fifty-two week high of $4.65. The company has a debt-to-equity ratio of 7.51, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $548.33 million, a price-to-earnings ratio of -1.79 and a beta of 0.97. The business’s fifty day moving average price is $4.60 and its two-hundred day moving average price is $4.46.

Consolidated Communications (NASDAQ:CNSL) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported ($0.39) earnings per share (EPS) 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.

Analyst Upgrades and Downgrades

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

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.