Consolidated Communications (NASDAQ:CNSL) Sees Strong Trading Volume – Should You Buy?

Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) shares saw an uptick in trading volume on Monday . 1,172,307 shares changed hands during mid-day trading, an increase of 93% from the previous session’s volume of 608,122 shares.The stock last traded at $4.71 and had previously closed at $4.66.

Consolidated Communications Stock Performance

The firm has a fifty day simple moving average of $4.65 and a 200 day simple moving average of $4.57. The company has a debt-to-equity ratio of 10.13, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $557.98 million, a price-to-earnings ratio of -2.30 and a beta of 0.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Consolidated Communications in the third quarter worth $47,000. Quantinno Capital Management LP bought a new stake in Consolidated Communications during the 3rd quarter worth about $53,000. Quantbot Technologies LP bought a new position in shares of Consolidated Communications in the third quarter worth about $55,000. Rather & Kittrell Inc. bought a new stake in shares of Consolidated Communications during the second quarter valued at approximately $112,000. Finally, AQR Capital Management LLC increased its holdings 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 valued at $123,000 after purchasing an additional 5,074 shares in the last quarter. 79.98% of the stock is owned by institutional investors.

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.