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

Wolverine Asset Management LLC boosted its position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) by 11.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 343,776 shares of the utilities provider’s stock after acquiring an additional 35,094 shares during the period. Wolverine Asset Management LLC’s holdings in Consolidated Communications were worth $1,595,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in shares of Consolidated Communications in the 1st quarter worth $53,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Consolidated Communications in the first quarter valued at $83,000. Gamco Investors INC. ET AL acquired a new position in shares of Consolidated Communications during the first quarter valued at about $110,000. Rather & Kittrell Inc. bought a new stake in shares of Consolidated Communications during the second quarter worth about $112,000. Finally, AQR Capital Management LLC raised its holdings in shares of Consolidated Communications by 22.1% in the 2nd quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 5,074 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Consolidated Communications in a research note on Saturday, July 27th. They set a “sell” rating for the company.

Consolidated Communications Trading Up 0.2 %

Shares of Consolidated Communications stock opened at $4.67 on Tuesday. The company has a market capitalization of $553.25 million, a P/E ratio of -2.28 and a beta of 0.98. The stock has a fifty day simple moving average of $4.62 and a 200 day simple moving average of $4.50. Consolidated Communications Holdings, Inc. has a 12-month low of $4.16 and a 12-month 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.

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.