Wolverine Asset Management LLC Acquires New Position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Wolverine Asset Management LLC acquired a new stake in shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 125,823 shares of the utilities provider’s stock, valued at approximately $547,000.

Several other institutional investors also recently bought and sold shares of CNSL. Kingswood Wealth Advisors LLC bought a new position in Consolidated Communications during the 4th quarter valued at about $47,000. Envestnet Portfolio Solutions Inc. bought a new position in Consolidated Communications during the 3rd quarter valued at about $50,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Consolidated Communications by 39.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,982 shares of the utilities provider’s stock valued at $74,000 after acquiring an additional 4,803 shares during the period. AE Wealth Management LLC bought a new position in Consolidated Communications during the 3rd quarter valued at about $86,000. Finally, Louisiana State Employees Retirement System bought a new position in Consolidated Communications during the 4th quarter valued at about $162,000. 79.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Consolidated Communications in a research note on Monday, April 22nd. They set a “sell” rating on the stock.

Consolidated Communications Trading Up 0.7 %

Shares of NASDAQ:CNSL opened at $4.27 on Friday. Consolidated Communications Holdings, Inc. has a twelve month low of $2.93 and a twelve month high of $4.65. The firm’s 50 day moving average price is $4.30 and its 200-day moving average price is $4.28. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.25.

Consolidated Communications (NASDAQ:CNSL) last released its earnings results on Tuesday, March 5th. The utilities provider reported ($0.27) EPS for the quarter. Consolidated Communications had a negative return on equity of 16.89% and a negative net margin of 22.53%. The firm had revenue of $275.18 million for the quarter.

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.