Published on 3 Jan 2024 on Insider Monkey via Yahoo Finance
Will Fiberoptic And 5G Networks Provide Growth Opportunities for Consolidated Communications (CNSL)?
Bonhoeffer Capital Management, an asset management company, released its third-quarter 2023 investor letter. A copy of the same can be downloaded here. In industries experiencing economic downturns, Bonhoeffer Fund has replaced slower-growing companies with superior, expanding corporations and is still seeking out comparable prospects. The United States, South Korea, the United Kingdom, Canada, South Africa, and the Philippines were the countries to which the firm had the greatest exposure as of September 30, 2023. Consumer products, telecom/media, real estate/infrastructure, and distribution were the industries with the biggest exposures. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Bonhoeffer Capital Management highlighted stocks like Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) in the third quarter 2023 investor letter. Based in Mattoon, Illinois, Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) offers broadband and business communication solutions. On January 2, 2024, Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) stock closed at $4.36 per share. One-month return of Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) was 1.40%, and its shares gained 14.14% of their value over the last 52 weeks. Consolidated Communications Holdings, Inc. (NASDAQ:CNSL) has a market capitalization of $ 506.597 million.
In its Q3 2023 investor letter, Bonhoeffer Capital Management stated the following regarding Consolidated Communications Holdings, Inc. (NASDAQ:CNSL):