Murchinson Ltd. Invests $204,000 in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

Murchinson Ltd. bought a new stake in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 44,000 shares of the utilities provider’s stock, valued at approximately $204,000.

Other institutional investors have also added to or reduced their stakes in the company. Gardner Lewis Asset Management L P bought a new position in shares of Consolidated Communications in the second quarter valued at $2,247,000. Trium Capital LLP bought a new position in Consolidated Communications in the 2nd quarter valued at about $680,000. Wolverine Asset Management LLC lifted its position in Consolidated Communications by 91.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 308,682 shares of the utilities provider’s stock valued at $1,358,000 after acquiring an additional 147,416 shares in the last quarter. California State Teachers Retirement System lifted its position in Consolidated Communications by 54.5% in the 1st quarter. California State Teachers Retirement System now owns 125,443 shares of the utilities provider’s stock valued at $542,000 after acquiring an additional 44,273 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Consolidated Communications during the 2nd quarter worth approximately $192,000. 79.98% of the stock is owned by institutional investors and hedge funds.

Consolidated Communications Price Performance

CNSL stock opened at $4.68 on Wednesday. The firm has a market capitalization of $554.44 million, a PE ratio of -2.28 and a beta of 0.98. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 10.13. Consolidated Communications Holdings, Inc. has a twelve month low of $4.18 and a twelve month high of $4.72. The stock’s 50 day moving average is $4.64 and its 200-day moving average is $4.54.

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.