Boothbay Fund Management LLC Acquires 38,651 Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Posted by Defense World Staff on Mar 4th, 2023

Boothbay Fund Management LLC grew its holdings in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL – Get Rating) by 152.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,031 shares of the utilities provider’s stock after buying an additional 38,651 shares during the period. Boothbay Fund Management LLC owned approximately 0.06% of Consolidated Communications worth $266,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vantage Consulting Group Inc acquired a new position in shares of Consolidated Communications during the third quarter worth approximately $56,000. Delphia USA Inc. acquired a new position in shares of Consolidated Communications during the second quarter worth approximately $89,000. Mutual of America Capital Management LLC raised its position in shares of Consolidated Communications by 20.3% during the third quarter. Mutual of America Capital Management LLC now owns 14,692 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 2,482 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Consolidated Communications by 142.4% during the third quarter. Nisa Investment Advisors LLC now owns 10,060 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 5,910 shares during the period. Finally, Walleye Trading LLC acquired a new position in shares of Consolidated Communications during the second quarter worth approximately $174,000. 80.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNSL has been the topic of a number of research reports. StockNews.com raised Consolidated Communications from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup lowered their price target on Consolidated Communications from $4.00 to $2.50 and set a “sell” rating for the company in a research report on Thursday. Finally, Cowen lowered their price target on Consolidated Communications from $6.50 to $4.50 in a research report on Wednesday.

Consolidated Communications Trading Up 2.6 %

NASDAQ CNSL opened at $3.10 on Friday. The firm has a market capitalization of $357.74 million, a P/E ratio of 3.78 and a beta of 1.26. The business has a fifty day simple moving average of $4.07 and a 200 day simple moving average of $4.61. Consolidated Communications Holdings, Inc. has a 12 month low of $2.79 and a 12 month high of $8.49. The company has a current ratio of 2.24, a quick ratio of 2.42 and a debt-to-equity ratio of 2.97.

About Consolidated Communications

(Get Rating)

Consolidated Communications Holdings, Inc engages in the provision of business and broadband communications services. It provides integrated communication services in consumer, commercial, and carrier channels in California, Illinois, Iowa, Kansas, Minnesota, Missouri, North Dakota, Pennsylvania, South Dakota, Texas, and Wisconsin.