Communications Sales & Leasing Inc (CSAL) : Independent Order Of Foresters added new position in Communications Sales & Leasing Inc during the most recent quarter end. The investment management firm now holds 94,917 shares of Communications Sales & Leasing Inc which is valued at $2,875,985 , the company said in a statement filed on Aug 10, 2016 with the SEC.Communications Sales & Leasing Inc makes up approximately 2.10% of Independent Order Of Foresters’s portfolio.
Other Hedge Funds, Including , Columbia Partners L L C Investment Management added CSAL to its portfolio by purchasing 78,098 company shares during the most recent quarter which is valued at $2,366,369. Communications Sales & Leasing Inc makes up approx 0.17% of Columbia Partners L L C Investment Management’s portfolio. Lapides Asset Management added CSAL to its portfolio by purchasing 7,900 company shares during the most recent quarter which is valued at $239,370. Communications Sales & Leasing Inc makes up approx 0.04% of Lapides Asset Management’s portfolio.Gamco Investors Et Al reduced its stake in CSAL by selling 3,550 shares or 17.97% in the most recent quarter. The Hedge Fund company now holds 16,200 shares of CSAL which is valued at $497,016. Nisa Investment Advisors sold out all of its stake in CSAL during the most recent quarter. The investment firm sold 2,000 shares of CSAL which is valued $61,520.
Communications Sales & Leasing Inc closed down -0.32 points or -1.08% at $29.38 with 7,52,418 shares getting traded on Friday. Post opening the session at $29.68, the shares hit an intraday low of $29.29 and an intraday high of $29.7 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.
Investors should note that on Aug 9, 2016, Communications Sales & Leasing Inc announced a cash dividend of $0.6000. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 14, 2016.
Many Wall Street Analysts have commented on Communications Sales & Leasing Inc. Communications Sales & Leasing Inc was Resumed by Citigroup to “Buy” on Jul 5, 2016.
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.