Horrell Capital Management buys $5,400,725 stake in Communications Sales & Leasing Inc (CSAL)

Communications Sales & Leasing Inc (CSAL) : Horrell Capital Management scooped up 78,044 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 Apr 21, 2016. The investment management firm now holds a total of 225,500 shares of Communications Sales & Leasing Inc which is valued at $5,400,725.Communications Sales & Leasing Inc makes up approximately 3.33% of Horrell Capital Management’s portfolio.

Communications Sales & Leasing Inc opened for trading at $23.5 and hit $23.94 on the upside on Wednesday, eventually ending the session at $23.69, with a gain of 0.64% or 0.15 points. The heightened volatility saw the trading volume jump to 4,66,685 shares. Company has a market cap of $3,566 M.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in CSAL in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 1,000 shares of Communications Sales & Leasing Inc which is valued at $23,950. Communications Sales & Leasing Inc makes up approx 0.01% of Advisory Services Network’s portfolio. Reilly Financial Advisors sold out all of its stake in CSAL during the most recent quarter. The investment firm sold 164 shares of CSAL which is valued $3,928. Acadian Asset Management sold out all of its stake in CSAL during the most recent quarter. The investment firm sold 23,929 shares of CSAL which is valued $561,853. Trust Co sold out all of its stake in CSAL during the most recent quarter. The investment firm sold 100 shares of CSAL which is valued $2,303.

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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