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Consolidated Communications Holdings, Inc. (CNSL)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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4.2800-0.2400 (-5.31%)
As of 12:07PM EDT. Market open.

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  • B
    Brain
    so when is the reverse stock split?? that's what they want isnt it??
  • R
    Richard
    I wonder how many of the board members of CNSL will survive after the Class action suite is settled????
  • R
    Richard
    Sorry wrong company. CNSL does not have that class action suite pending. My bad.
  • R
    Richard
    No comments on CNSL for a long time. How does this company still seem to go on and on with so little interest and so much untrust in the way the board operates. Steven F has hung in for a long while as I have. Why ? Board looks like CNSL is their own piggy bank and likes to give away money to other projects rather then look out for the stock holders! How is that even possible?
  • H
    HATTIS
    CNSL looks like trash today - I bet it falls from here. Glad I am signed up to (http://Achieverspot.tech) so that I can get stocks that actually move!
  • M
    Michael
    It's comforting to know after reviewing the CNSL quarterly conference call transcript that CNSL management effectively doubled management bonuses while crushing investors with poor financial performance, a cratering stock and complete dividend elimination.

    Marc Berkowitz -- Aviva Investors -- Analyst
    Okay. So just to understand, if you can focus mostly on accrued compensation, that seems like the most area of variability in working capital. Was Q1 payments made this year and not last year? Is that what explains the difference?

    Steven Childers -- Chief Financial Officer
    It was higher --

    Marc Berkowitz -- Aviva Investors -- Analyst
    Again, it looks like last year was a $4 million storage. This year was a $10 million use.

    Steven Childers -- Chief Financial Officer
    We paid a higher bonus in 2019 for '18 than we did the prior year.
  • j
    joellen
    The case for Consolidated Communications (NASDAQ:CNSL) is much like that of CBB before its sale to Brookfield: hard to see at first glance. Both stocks looked to have a dangerous combination of high leverage and low growth.

    Indeed, Consolidated closed 2019 with nearly $2.3 billion in borrowings net of cash; its current market capitalization is just over $500 million. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) declined almost 3% in 2019, and is guided roughly flat in 2020.

    But both companies have fiber which may be more valuable than near-term earnings suggest. Indeed, looking at the valuation assigned Cincinnati Bell in its agreed-to sale, Consolidated could be worth as much as $20 per share. The stock closed Friday at $6.30, even after gaining 26% on Thursday following the fourth-quarter earnings report.

    Those gains might lead some investors to believe that the easy money has been made. But CNSL traded at $12 as recently as April, before the company eliminated its dividend to focus on deleveraging. Meanwhile, CBB went from a low under $4 to its current $12. If CNSL is similar on that basis, too, there’s a lot of upside remaining.
  • S
    Steve F
    Those guys & gals at Zacks sure are geniuses. How do they come up with such insightful analysis ?

    Consolidated Communications (CNSL) Gains As Market Dips: What You Should Know
    Zacks Equity Research: July 19, 2019

    7 days later
    Consolidated Communications (CNSL) Stock Sinks As Market Gains: What You Should Know
    Zacks Equity Research: July 26, 2019
  • B
    Bill
    Consolidated Communications Holdings, Inc. CNSL provides telecommunications services to business and residential customers in the United States. The company currently has a Zacks Rank 2 and a beta of 0.83. The Zacks Consensus Estimate for its current-year earnings increased 21% over the past 60 days. The stock’s expected earnings growth rates for the current and next quarter are a superb 20% and 33.3%, respectively.
  • j
    joellen
    a lot of food for thought: take over coming???? Acadian Asset Management LLC acquired a new stake in shares of Consolidated Communications Holdings Inc (NASDAQ:CNSL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,296,362 shares of the utilities provider’s stock, valued at approximately $6,390,000. Acadian Asset Management LLC owned 1.80% of Consolidated Communications at the end of the most recent reporting period.
    A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of Consolidated Communications by 313.5% during the second quarter. JPMorgan Chase & Co. now owns 3,498,424 shares of the utilities provider’s stock valued at $17,142,000 after buying an additional 2,652,396 shares during the last quarter. First Trust Advisors LP grew its stake in Consolidated Communications by 140.8% in the second quarter. First Trust Advisors LP now owns 3,268,691 shares of the utilities provider’s stock worth $16,115,000 after purchasing an additional 1,911,180 shares in the last quarter. Principal Financial Group Inc. grew its stake in Consolidated Communications by 19.5% in the first quarter. Principal Financial Group Inc. now owns 4,852,919 shares of the utilities provider’s stock worth $52,945,000 after purchasing an additional 791,953 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Consolidated Communications by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,320,113 shares of the utilities provider’s stock worth $42,683,000 after purchasing an additional 209,049 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Consolidated Communications in the second quarter worth approximately $1,023,000. Institutional investors and hedge funds own 75.94% of the company’s stock.
  • S
    Steve F
    As far as a shareholder lawsuit relating to the elimination of the dividend, you have no case.
    But insider trading charges are a whole different story. Volume exploded over the previous 6 trading days.
    Somebody knew, & it wasn't retail investors.
    [URL=http://www.imagebam.com/image/f717de1205296324][IMG]http://thumbs2.imagebam.com/5f/e6/df/f717de1205296324.jpg[/IMG][/URL]
    ImageBam
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  • m
    mitchell
    Shareholder meeting April 26

    CONSOLIDATED COMMUNICATIONS HOLDINGS, INC.
    NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
    TO BE HELD APRIL 26, 2021
    To Our Stockholders:
    The 2021 annual meeting of stockholders of Consolidated Communications Holdings, Inc. (the “Company”) will be held in a virtual meeting format only on April 26, 2021, at 9:00 a.m., central time. The 2021 annual meeting of stockholders is being held virtually in light of continued public health concerns regarding the COVID-19 pandemic and for the following purposes:
    1.
    To elect David G. Fuller as Class I director, in accordance with our Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, each as amended
    (Proposal No. 1);

    2.
    To ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2021 (Proposal No. 2);

    3.
    To conduct an advisory vote on the approval of the compensation of our named executive officers (Proposal No. 3);

    4.
    To approve an amendment to our Amended and Restated Certificate of Incorporation, as amended, to increase the number of authorized shares of common stock to 150,000,000 shares (Proposal No. 4);

    5.
    To approve an amendment to our Amended and Restated Certificate of Incorporation, as amended, to eliminate our classified Board structure (Proposal No. 5);

    6.
    To approve the issuance to Searchlight Capital Partners of additional shares of our common stock equal to 20% or more of the Company’s outstanding common stock pursuant to Nasdaq listing rule 5635 (Proposal No. 6);

    7.
    To approve a share increase under the Consolidated Communications Holdings, Inc. Long-Term Incentive Plan, as amended (Proposal No. 7); and

    8.
    To transact such other business as may properly come before the annual meeting and any adjournment or postponement thereof.

    Only stockholders of record at the close of business on February 25, 2021 are entitled to vote at the meeting or at any postponement or adjournment thereof.
    Your vote is very important. We hope that you will attend the virtual meeting, but whether or not you plan to attend, please vote your shares in advance so that your shares will be represented. If you received a printed copy of the proxy materials by mail, you may vote your shares by proxy using one of the following methods: (i) vote via the Internet; (ii) vote by telephone; or (iii) complete, sign, date and return your proxy card in the postage-paid envelope provided. We encourage you to vote via the Internet, as this is the most cost-effective method to cast your vote. If you received only a Notice of Internet Availability of Proxy Materials by mail, you may vote your shares at the Internet site address listed on your notice. If you hold your shares through an account with a bank, broker or similar organization, please follow the instructions you receive from the holder of record to vote your shares.
    By Order of the Board of Directors,
    [MISSING IMAGE: SG_GARRETTVAN-BW.JPG]
    J. Garrett Van Osdell
    Chief Legal Officer & Secretary
    March 17, 2021