Consolidated Communications Holdings, Inc. is a leading broadband and business communications provider serving consumers, businesses, wireless customers, and wireline carriers across rural and metro communities in a 23-state service area. Leveraging an advanced fiber network spanning 46,300 fiber route miles, Consolidated Communications offers a wide range of communications solutions, including high-speed Internet, data, phone, security, managed services, cloud services and wholesale, carrier solutions. From its first connection 125 years ago, Consolidated is dedicated to turning technology into solutions, connecting people and enriching how they work and live.
Company profile
Ticker
CNSL
Exchange
Website
CEO
Charles Udell
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Consolidated Communications Illinois Holdings, Inc.
SEC CIK
Corporate docs
Subsidiaries
Berkshire Cable Corp. • Berkshire Cellular, Inc. • Berkshire New York Access, Inc. • Berkshire Telephone Corporation • C&E Communications, Ltd. • Chautauqua & Erie Communications, Inc. • Chautauqua and Erie Telephone Corporation • Clio Parent, LLC • Consolidated Communications of Comerco Company • Consolidated Communications Enterprise Services, Inc. ...
IRS number
20636095
CNSL stock data
Latest filings (excl ownership)
10-Q
2023 Q1
Quarterly report
5 May 23
8-K
Departure of Directors or Certain Officers
3 May 23
8-K
Consolidated Communications Reports Record Consumer Fiber Broadband Net Adds and Announces First Quarter 2023 Financial Results
2 May 23
8-K
Regulation FD Disclosure
1 May 23
8-K
Entry into a Material Definitive Agreement
18 Apr 23
DEFA14A
Additional proxy soliciting materials
21 Mar 23
DEF 14A
Definitive proxy
21 Mar 23
8-K
Regulation FD Disclosure
7 Mar 23
10-K
2022 FY
Annual report
3 Mar 23
S-8
Registration of securities for employees
1 Mar 23
Transcripts
CNSL
Earnings call transcript
2022 Q4
28 Feb 23
CNSL
Earnings call transcript
2022 Q3
1 Nov 22
CNSL
Earnings call transcript
2022 Q2
7 Aug 22
CNSL
Earnings call transcript
2022 Q1
8 May 22
CNSL
Earnings call transcript
2021 Q4
3 Mar 22
CNSL
Earnings call transcript
2021 Q3
28 Oct 21
CNSL
Earnings call transcript
2021 Q2
29 Jul 21
CNSL
Earnings call transcript
2021 Q1
29 Apr 21
CNSL
Earnings call transcript
2020 Q4
26 Feb 21
CNSL
Earnings call transcript
2020 Q3
29 Oct 20
Latest ownership filings
SC 13D/A
Searchlight III CVL, L.P.
13 Apr 23
4
Change in insider ownership
6 Mar 23
4
ROGER H/CA MOORE
6 Mar 23
4
C Robert Udell JR
6 Mar 23
4
ROBERT J CURREY
6 Mar 23
4
THOMAS A GERKE
6 Mar 23
4
David G Fuller
6 Mar 23
4
Solis Michel Marissa
6 Mar 23
4
Maribeth S Rahe
6 Mar 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 247.88 mm | 247.88 mm | 247.88 mm | 247.88 mm | 247.88 mm | 247.88 mm |
| Cash burn (monthly) | 25.99 mm | (no burn) | 16.40 mm | 5.33 mm | (no burn) | (no burn) |
| Cash used (since last report) | 60.89 mm | n/a | 38.42 mm | 12.48 mm | n/a | n/a |
| Cash remaining | 186.99 mm | n/a | 209.46 mm | 235.40 mm | n/a | n/a |
| Runway (months of cash) | 7.2 | n/a | 12.8 | 44.2 | n/a | n/a |
Institutional ownership, Q1 2023
| 13F holders | Current |
|---|---|
| Total holders | 147 |
| Opened positions | 19 |
| Closed positions | 29 |
| Increased positions | 47 |
| Reduced positions | 51 |
| 13F shares | Current |
|---|---|
| Total value | 234.30 bn |
| Total shares | 131.35 mm |
| Total puts | 13.70 k |
| Total calls | 33.20 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| Searchlight Capital Partners | 39.36 mm | $101.55 bn |
| Searchlight III CVL | 39.34 mm | $0.00 |
| BLK Blackrock | 12.00 mm | $30.95 bn |
| Vanguard | 6.13 mm | $15.81 bn |
| Dimensional Fund Advisors | 4.10 mm | $10.59 bn |
| Anchorage Capital Group, L.L.C. | 3.81 mm | $9.84 bn |
| STT State Street | 2.95 mm | $7.62 bn |
| Wildcat Capital Management | 2.61 mm | $6.73 bn |
| Charles Schwab Investment Management | 2.02 mm | $5.22 bn |
| Geode Capital Management | 1.49 mm | $3.84 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 3 Mar 23 | Searchlight III CVL | COMMON STOCK | Grant | Acquire A | No | No | 0 | 34,976 | 0.00 | 39,394,784 |
| 2 Mar 23 | Maribeth S Rahe | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 34,976 | 0.00 | 171,692 |
| 2 Mar 23 | Solis Michel Marissa | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 34,976 | 0.00 | 56,031 |
| 2 Mar 23 | David G Fuller | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 34,976 | 0.00 | 78,119 |
| 2 Mar 23 | Thomas A Gerke | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 34,976 | 0.00 | 142,052 |
News
Cisco, Boot Barn Holdings And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
18 May 23
12 Communication Services Stocks Moving In Tuesday's Pre-Market Session
2 May 23
Consolidated Communications Holdings Q1 Adj. EPS $(0.28) Misses $(0.23) Estimate, Sales $276.13M Miss $286.29M Estimate
2 May 23
Nasdaq Rises 2%; Consolidated Communications Shares Spike Higher
13 Apr 23
Why ViewRay Shares Are Trading Lower By 32%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
13 Apr 23
Press releases
SoVT CUD Set to Become First to Reach Universal Broadband Coverage by Year-End With Fidium Fiber Expansion
3 May 23
Consolidated Communications Reports Record Consumer Fiber Broadband Net Adds and Announces First Quarter 2023 Financial Results
2 May 23
Consolidated Communications Celebrates Employees for Commitment to Volunteer Service
19 Apr 23
Consolidated Communications Announces Receipt of "Take Private" Proposal from Searchlight Capital and British Columbia Investment Management
13 Apr 23
Maine Residents in Farmington and Blue Hill Peninsula Regions Can Now Get Multi-Gig Internet from Fidium Fiber
12 Apr 23