Robert J Currey, Chairman and Chief Executive Officer of Consolidated Communications Holdings Inc. (NASDAQ:CNSL), unloaded 25,000 shares of Common Stock, par value $0.01 per share yesterday. The stock was sold indirectly, through the Robert J. Currey Revocable Trust and for a weighted average price of $23.57 per share. This is the fourth stock disposition to be completed by the insider for the fiscal year so far, as he sold 23,000 shares of Common Stock for $19.88 per share back in May.
While Currey has regularly unloaded stock this year, the only other active insider at the $962.5 million market cap telecommunication service provider has been Robert Udell. The firm’s President and Chief Operating Officer sold 8,500 shares of Common Stock, par value $0.01 per share in April, receiving $19.97 for each share.
However, Q1 showed very positive perspective amongst hedge funds. Joel Greenblatt’s Gotham Asset Management entered a new shareholder position in March by acquiring 71,682 company shares, for an estimated value of $1.4 million.