Published on 15 Feb 2024 on Insider Monkey via Yahoo Finance
Bonhoeffer Capital Management Sold Consolidated Communications (CNSL) in 2023
Bonhoeffer Capital Management, an asset management company, released its fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. Bonhoeffer Fund shifted slower-growing companies, throughout 2023 to robust, growing companies in temporary down-turning industries. In the current year, the fund is still looking for chances of this nature. The fund returned 12.9% net of fees in the fourth quarter of 2023 and 17.0% for 2023 overall. The MSCI World ex-US, a broad-based index, returned 9.8%, and the DFA International Small Cap Value Fund, the closest benchmark, returned 9.3% during the same period. The fund’s portfolio holds the highest-quality businesses in the fund’s history. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Bonhoeffer Capital Management featured stocks such as Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) in the fourth quarter 2023 investor letter. Based in Mattoon, Illinois, Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) offers broadband and business communication solutions. On February 14, 2024, Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) stock closed at $4.34 per share. One-month return of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) was -5.45%, and its shares gained 1.17% of their value over the last 52 weeks. Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) has a market capitalization of $504.273 million.
Bonhoeffer Capital Management stated the following regarding Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) in its fourth quarter 2023 investor letter: