Monashee Investment Management adds Communications Sales & Leasing Inc (CSAL) to its portfolio

Communications Sales & Leasing Inc (CSAL) : Monashee Investment Management added new position in Communications Sales & Leasing Inc during the most recent quarter end. The investment management firm now holds 55,000 shares of Communications Sales & Leasing Inc which is valued at $1,683,000 , the company said in a statement filed on Aug 2, 2016 with the SEC.Communications Sales & Leasing Inc makes up approximately 2.57% of Monashee Investment Management’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c added CSAL to its portfolio by purchasing 900 company shares during the most recent quarter which is valued at $27,540. Sequoia Financial Advisors added CSAL to its portfolio by purchasing 9,123 company shares during the most recent quarter which is valued at $283,543. Communications Sales & Leasing Inc makes up approx 0.08% of Sequoia Financial Advisors’s portfolio.Weaver C. Barksdale Associates boosted its stake in CSAL in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 155 shares of Communications Sales & Leasing Inc which is valued at $4,731. Communications Sales & Leasing Inc makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.

Communications Sales & Leasing Inc closed down -0.34 points or -1.11% at $30.34 with 8,18,276 shares getting traded on Monday. Post opening the session at $30.68, the shares hit an intraday low of $30.17 and an intraday high of $30.82 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Communications Sales & Leasing Inc reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 12, 2016. Analyst had a consensus of $0.64. The company had revenue of $174.70 million for the quarter, compared to analysts expectations of $174.39 million.

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.

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