Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Short Interest Update

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 4,180,000 shares, an increase of 11.8% from the May 31st total of 3,740,000 shares. Based on an average trading volume of 507,600 shares, the short-interest ratio is presently 8.2 days. Approximately 5.5% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Consolidated Communications in a research report on Tuesday, June 25th. They issued a “sell” rating for the company.

Institutional Investors Weigh In On Consolidated Communications

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Consolidated Communications by 2.1% in the third quarter. Vanguard Group Inc. now owns 6,269,494 shares of the utilities provider’s stock valued at $21,442,000 after purchasing an additional 128,005 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Consolidated Communications by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,374,522 shares of the utilities provider’s stock valued at $10,329,000 after purchasing an additional 73,582 shares during the period. Private Advisor Group LLC grew its holdings in Consolidated Communications by 54.5% in the first quarter. Private Advisor Group LLC now owns 1,689,559 shares of the utilities provider’s stock valued at $7,299,000 after purchasing an additional 596,244 shares during the period. Ballentine Partners LLC purchased a new stake in Consolidated Communications in the fourth quarter valued at approximately $6,871,000. Finally, Hsbc Holdings PLC purchased a new stake in Consolidated Communications in the fourth quarter valued at approximately $2,103,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Communications Trading Down 0.2 %

Shares of NASDAQ:CNSL traded down $0.01 during trading on Monday, reaching $4.39. The stock had a trading volume of 537,293 shares, compared to its average volume of 649,143. The business has a fifty day moving average price of $4.33 and a 200-day moving average price of $4.35. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 6.09. The stock has a market cap of $519.91 million, a P/E ratio of -1.70 and a beta of 1.00. Consolidated Communications has a fifty-two week low of $2.93 and a fifty-two week high of $4.65.

Consolidated Communications (NASDAQ:CNSL) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported ($0.28) earnings per share for the quarter. The firm had revenue of $274.68 million during the quarter. Consolidated Communications had a negative net margin of 22.42% and a negative return on equity of 19.47%.

Consolidated Communications Company 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.