Advisory Services Network buys $1,258,396 stake in Communications Sales & Leasing Inc (CSAL)

Communications Sales & Leasing Inc (CSAL) : Advisory Services Network scooped up 34,645 additional shares in Communications Sales & Leasing Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 43,081 shares of Communications Sales & Leasing Inc which is valued at $1,258,396.Communications Sales & Leasing Inc makes up approximately 0.24% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in CSAL by selling 42,253 shares or 62.94% in the most recent quarter. The Hedge Fund company now holds 24,881 shares of CSAL which is valued at $735,980. Washington Trust Bank added CSAL to its portfolio by purchasing 51 company shares during the most recent quarter which is valued at $1,509.

Communications Sales & Leasing Inc closed down -0.24 points or -0.81% at $29.21 with 9,88,607 shares getting traded on Friday. Post opening the session at $29.54, the shares hit an intraday low of $28.93 and an intraday high of $30 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Communications Sales & Leasing Inc reported $0.63 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 11, 2016. Analyst had a consensus of $0.65. The company had revenue of $188.57 million for the quarter, compared to analysts expectations of $188.53 million. The company’s revenue was up 46.5% compared to the same quarter last year.

Communications Sales & Leasing Inc. (CS&L) is engaged in the ownership acquisition and leasing of communication distribution systems. The Company holds the fiber and copper networks and other real estate (the Distribution Systems) and a small consumer competitive local exchange carrier (CLEC) business (the Consumer CLEC Business). The Company’s leasing activities consists of leasing back to Windstream Holdings Inc. the Distribution Systems through a triple-net master lease agreement (the Master Lease). The Company also expands its portfolio by acquiring other real property assets within or outside of the communications infrastructure industry for lease to third-parties.

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