272 Capital LP Purchases New Shares in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL)

272 Capital LP acquired a new position in Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 64,031 shares of the utilities provider’s stock, valued at approximately $297,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Consolidated Communications in the third quarter worth about $47,000. Quantinno Capital Management LP acquired a new position in shares of Consolidated Communications in the 3rd quarter valued at approximately $53,000. Quantbot Technologies LP purchased a new position in shares of Consolidated Communications during the 3rd quarter valued at approximately $55,000. Rather & Kittrell Inc. acquired a new stake in shares of Consolidated Communications during the second quarter worth approximately $112,000. Finally, AQR Capital Management LLC increased its stake in shares of Consolidated Communications by 22.1% in the second quarter. AQR Capital Management LLC now owns 28,017 shares of the utilities provider’s stock worth $123,000 after buying an additional 5,074 shares during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

Consolidated Communications Price Performance

CNSL opened at $4.69 on Friday. 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 12-month low of $4.18 and a 12-month high of $4.72. The firm’s fifty day moving average price is $4.65 and its 200 day moving average price is $4.55.

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.