Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) Rating Lowered to Hold at BidaskClub

Barsaba Taglieri
Agosto 12, 2017

(NYSE:LLL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. Tim Weingarten, Director disclosed the sale of 2,383 shares of CCOI stock.

Here is the rundown on market activity for Cogent Communications Holdings, (NASDAQ:CCOI).

A number of institutional investors have recently modified their holdings of the company. North Star Investment Management Corp. raised its stake in shares of Consolidated Communications Holdings by 19.0% in the second quarter. The value of the investment in (CCOI) decreased from $39,858,000 to $37,965,000 a change of 4.7% since the last quarter. First Trust Advisors LP boosted its position in shares of Cogent Communications Holdings by 23.0% in the second quarter. The company's revenue was up 2.6% compared to the same quarter past year. The firm owned 14,687 shares of the aerospace company's stock after buying an additional 1,434 shares during the period. Lastly, Royal Bank Of Canada upped the price objective on stocks of Cogent Communications Holdings from $45.00 to $48.00 and issued the company an "outperform" recommendation in a analysis report on Monday. around three financial stock experts recommended the company shares with a sell recommendation, five has issued a hold recommendation and eight have published a buy recommendation to The corporation. Alliancebernstein L.P. claims 69,861 shares worth $2,801,000. Finally, JPMorgan Chase & Co. increased its stake in L-3 Communications Holdings by 44.6% in the first quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the utilities provider's stock worth $482,000 after buying an additional 200 shares during the period. Insiders own 9.48% of the company's stock. The firm has a 50 day moving average of $172.85 and a 200-day moving average of $167.64. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 124.71 and a beta of 0.74. Consolidated Communications Holdings has a 52 week low of $17.41 and a 52 week high of $30.23.

Consolidated Communications Holdings (NASDAQ:CNSL) last announced its quarterly earnings results on Thursday, August 3rd. The dividend will be $0.460 per share for the quarter or $1.84 annualized. L-3 Communications Holdings had a net margin of 6.44% and a return on equity of 14.15%. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.70 billion. As of the end of the quarter Norges Bank had acquired 71,585 shares growing its holdings by 50.4%. As of the last earnings report the EPS was $0.34 and is expected to be $0.48 for the current year with 44,687,000 shares now outstanding. Stockholders of record on Sunday, October 15th will be given a dividend of $0.3874 per share. The ex-dividend date is Thursday, October 12th. Cogent Communications Holdings's dividend payout ratio (DPR) is now 488.89%. The stock now has a consensus rating of Hold and an average price target of $25.60. Cowen and Company reaffirmed a hold rating and set a $46.00 price target on shares of Cogent Communications Holdings in a research report on Friday, August 4th. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued. If you are accessing this story on another site, it was illegally stolen and reposted in violation of US & worldwide copyright & trademark law. The original version of this piece can be read at

On September 26 analysts at JP Morgan added the stock to its research portfolio giving it an initial rating of "Neutral". (The) raised shares of L-3 Communications Holdings from a "buy" rating to a "conviction-buy" rating and lifted their price objective for the stock from $195.00 to $204.00 in a report on Monday. Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in L-3 Communications Holdings by 2.8% in the second quarter. Zacks Investment Research cut shares of L-3 Communications Holdings from a buy rating to a hold rating in a research report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Finally, Deutsche Bank AG raised their price target on shares of L-3 Communications Holdings from $175.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, April 28th.

Shares of Consolidated Communications Holdings (NASDAQ:CNSL) traded up 5.48% during mid-day trading on Friday, hitting $19.63. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems.

Want to see what other hedge funds are holding LLL? The stock was sold at an average price of $168.04, for a total value of $3,788,797.88. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.

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