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Potential Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) shareholders may wish to note that the Independent Chairman, Robert Currey, recently bought US$128k worth of stock, paying US$9.00 for each share. Although the purchase only increased their holding by 7.3%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At Consolidated Communications Holdings
In fact, the recent purchase by Robert Currey was the biggest purchase of Consolidated Communications Holdings shares made by an insider individual in the last twelve months, according to our records. That implies that an insider found the current price of US$9.05 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Consolidated Communications Holdings insiders decided to buy shares at close to current prices.
While Consolidated Communications Holdings insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Consolidated Communications Holdings is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Consolidated Communications Holdings Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.5% of Consolidated Communications Holdings shares, worth about US$18m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At Consolidated Communications Holdings Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Consolidated Communications Holdings we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Our analysis shows 3 warning signs for Consolidated Communications Holdings (1 is significant!) and we strongly recommend you look at them before investing.
Of course Consolidated Communications Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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