The Consolidated Communications Holdings, Inc. (CNSL) Declares $0.39 Quarterly Dividend

Evrard Martin
Août 12, 2017

Vanguard Group Inc. increased its stake in L-3 Communications Holdings by 6.6% in the first quarter.

The company is now up since yesterday's close of $43.6. Bank of America Corp DE owned 0.19% of Consolidated Communications Holdings worth $2,273,000 as of its most recent filing with the SEC. The value of the investment in CCOI went from $1,809,000 to $1,618,000 a change of $191,000 quarter over quarter. Alliancebernstein L.P. increased its stake in L-3 Communications Holdings by 171,452.7% in the first quarter. Teachers Advisors LLC now owns 85,546 shares of the utilities provider's stock valued at $2,297,000 after buying an additional 1,814 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Consolidated Communications Holdings during the first quarter worth $897,000. The company's revenue for the quarter was up 9.0% compared to the same quarter a year ago. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of L-3 Communications Holdings during the fourth quarter worth about $381,000. Ameriprise Financial Inc. now owns 269,152 shares of the technology company's stock valued at $10,793,000 after buying an additional 46,968 shares in the last quarter. Following the completion of the transaction, the chief financial officer now directly owns 77,150 shares of the company's stock, valued at $3,178,580.

Consolidated Communications Holdings (NASDAQ CNSL) traded up 0.971% during mid-day trading on Tuesday, hitting $19.235. In the last ninety days, insiders sold 67,641 shares of company stock worth $11,511,371. The firm has a 50 day moving average of $172.85 and a 200-day moving average of $167.64. BlackRock Inc. raised its position in Cogent Communications Holdings by 3.5% in the second quarter.

The P/E ratio is 125.86 and the market cap is 1.97B.

L-3 Communications Holdings (NYSE:LLL) last released its quarterly earnings results on Thursday, July 27th. The dividend will be $0.460 per share for the quarter or $1.84 annualized. The company had revenue of $119.80 million for the quarter, compared to analyst estimates of $120.23 million. Cogent Communications Holdings had a net margin of 3.39% and a negative return on equity of 27.66%. Finally, TheStreet downgraded Consolidated Communications Holdings from a c rating to a d+ rating in a research report on Thursday, August 3rd. During the same quarter in the prior year, the business posted $0.09 EPS. Zacks Investment Research upgraded shares of Consolidated Communications Holdings from a "sell" rating to a "hold" rating in a research note on Wednesday, April 26th.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday the 16th of May 2017. L-3 Communications Holdings's payout ratio is 33.82%. Finally, Renaissance Technologies LLC boosted its position in shares of Cogent Communications Holdings by 13.5% in the second quarter. This repurchase authorization authorizes the aerospace company to buy up to 11.5% of its shares through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued. "(LLL)" was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright law. The original version of this piece can be read at https://www.thestockobserver.com/2017/08/11/consolidated-communications-holdings-inc-cnsl-upgraded-at-bidaskclub.html.

Several other equities research analysts also recently weighed in on the stock. The value of the total investment in Cogent Communications Holdings, decreased from $2,806,000 to $1,209,000 decreasing 56.9% for the reporting period. Goldman Sachs Group, Inc. Royal Bank Of Canada restated a "hold" rating and issued a $178.00 price target on shares of L-3 Communications Holdings in a research note on Friday, June 2nd. Off Wall Street assumed coverage on shares of Cogent Communications Holdings in a research report on Monday, July 31st. L-3 Communications Holdings now has a consensus rating of Buy and an average target price of $182.08. 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. The company now has a consensus rating of "Buy" and an average target price of $182.08. The ex-dividend date is Wednesday, July 12th. The shares were sold on August 1st for an average price of $41.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Oneill now owns $1,764,081 of the stock per the Form 4 SEC filing.

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. The Company provides a broad range of communication and electronic systems and products used on military and commercial platforms.

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