Wolverine Asset Management LLC Buys 35,094 Shares of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Wolverine Asset Management LLC raised its stake in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 343,776 shares of the utilities provider’s stock after acquiring an additional 35,094 shares during the quarter. Wolverine Asset Management LLC owned about 0.29% of Consolidated Communications worth $1,595,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CNSL. Private Advisor Group LLC increased its stake 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. Gardner Lewis Asset Management L P bought a new position in Consolidated Communications during the 2nd quarter worth $2,247,000. Gabelli Funds LLC lifted its holdings in shares of Consolidated Communications by 2,427.1% during the first quarter. Gabelli Funds LLC now owns 379,061 shares of the utilities provider’s stock worth $1,638,000 after buying an additional 364,061 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Consolidated Communications in the first quarter valued at about $1,488,000. Finally, Trium Capital LLP acquired a new position in shares of Consolidated Communications in the second quarter valued at about $680,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Consolidated Communications Trading Up 0.2 %

Shares of CNSL stock opened at $4.67 on Tuesday. The stock has a 50 day simple moving average of $4.62 and a 200 day simple moving average of $4.50. Consolidated Communications Holdings, Inc. has a 1 year low of $4.16 and a 1 year high of $4.70. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 10.13. The stock has a market cap of $553.25 million, a P/E ratio of -2.28 and a beta of 0.98.

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.