Shares of Windstream Holdings Inc (NYSE:WIN) have earned an average rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $4.27.
Several brokerages have recently issued reports on WIN. BidaskClub raised Windstream Holdings from a “sell” rating to a “hold” rating in a report on Thursday, October 12th. Deutsche Bank AG decreased their price objective on Windstream Holdings from $7.00 to $3.00 and set a “hold” rating for the company in a report on Tuesday, August 8th. Zacks Investment Research cut Windstream Holdings from a “buy” rating to a “hold” rating in a report on Monday. Bank of America Corporation cut Windstream Holdings from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $8.00 to $3.00 in a report on Friday, August 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $2.50 price target (down previously from $5.00) on shares of Windstream Holdings in a report on Wednesday, August 9th.
Windstream Holdings (NYSE:WIN) traded up 4.42% on Friday, hitting $2.01. The stock had a trading volume of 2,581,476 shares. The company’s market cap is $383.56 million. The company has a 50 day moving average price of $2.00 and a 200-day moving average price of $3.64. Windstream Holdings has a 52-week low of $1.73 and a 52-week high of $8.55.
Windstream Holdings (NYSE:WIN) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.08. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. On average, equities research analysts predict that Windstream Holdings will post ($1.96) earnings per share for the current year.
Windstream Holdings announced that its board has initiated a share repurchase plan on Thursday, August 3rd that authorizes the company to repurchase $90.00 million in shares. This repurchase authorization authorizes the company to purchase up to 19.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In other Windstream Holdings news, Director Alan L. Wells acquired 68,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average cost of $2.10 per share, for a total transaction of $142,800.00. Following the completion of the transaction, the director now owns 157,971 shares of the company’s stock, valued at approximately $331,739.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony W. Thomas acquired 25,381 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $1.97 per share, with a total value of $50,000.57. Following the completion of the transaction, the director now directly owns 637,006 shares of the company’s stock, valued at approximately $1,254,901.82. The disclosure for this purchase can be found here. Insiders bought 95,381 shares of company stock valued at $196,901 over the last 90 days.
A number of institutional investors have recently modified their holdings of WIN. Lapides Asset Management LLC grew its position in Windstream Holdings by 45.5% in the second quarter. Lapides Asset Management LLC now owns 26,232 shares of the company’s stock worth $102,000 after acquiring an additional 8,200 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Windstream Holdings in the first quarter worth approximately $114,000. Cubist Systematic Strategies LLC grew its position in Windstream Holdings by 175.5% in the second quarter. Cubist Systematic Strategies LLC now owns 29,780 shares of the company’s stock worth $116,000 after acquiring an additional 18,969 shares during the period. Great West Life Assurance Co. Can grew its position in Windstream Holdings by 142.8% in the first quarter. Great West Life Assurance Co. Can now owns 21,720 shares of the company’s stock worth $118,000 after acquiring an additional 12,774 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Windstream Holdings in the first quarter worth approximately $120,000.
Windstream Holdings Company Profile
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its ILEC Consumer and Small Business segment offers consumer services, including high-speed Internet access; Internet security services; online backup services; basic local telephone services and long-distance services, as well as call waiting, caller identification, call forwarding, and other services; and video services, as well as owns and operates cable television franchises, and sells and leases equipment to support its consumer high-speed Internet and voice services.
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