TIAA CREF Investment Management LLC Purchases 617,112 Shares of Windstream Holdings Inc (WIN)
TIAA CREF Investment Management LLC boosted its stake in Windstream Holdings Inc (NYSE:WIN) by 132.5% during the first quarter, Holdings Channel reports. The fund owned 1,082,841 shares of the company’s stock after buying an additional 617,112 shares during the period. TIAA CREF Investment Management LLC owned about 0.57% of Windstream Holdings worth $5,901,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in WIN. Fox Run Management L.L.C. purchased a new stake in shares of Windstream Holdings during the first quarter valued at $105,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Windstream Holdings during the first quarter valued at approximately $114,000. Stevens Capital Management LP bought a new stake in shares of Windstream Holdings during the first quarter valued at approximately $117,000. Great West Life Assurance Co. Can raised its stake in shares of 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 valued at $118,000 after buying an additional 12,774 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Windstream Holdings during the fourth quarter valued at approximately $120,000.
Windstream Holdings Inc (WIN) opened at 3.82 on Monday. Windstream Holdings Inc has a 52-week low of $3.65 and a 52-week high of $10.45. The stock’s 50 day moving average price is $4.40 and its 200 day moving average price is $6.16. The firm’s market capitalization is $727.69 million.
Windstream Holdings (NYSE:WIN) last issued its earnings results on Thursday, May 4th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by $0.55. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm earned ($2.52) earnings per share. Windstream Holdings’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts predict that Windstream Holdings Inc will post ($1.93) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 15.71%. This is an increase from Windstream Holdings’s previous quarterly dividend of $0.10.
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Several equities analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $4.50 price objective on shares of Windstream Holdings in a research report on Wednesday, March 22nd. Citigroup Inc. dropped their target price on Windstream Holdings from $8.50 to $7.00 and set a “neutral” rating for the company in a research report on Monday, March 20th. Morgan Stanley reiterated an “equal weight” rating and issued a $5.00 price objective (down previously from $9.00) on shares of Windstream Holdings in a report on Wednesday, June 14th. Finally, Raymond James Financial, Inc. upgraded Windstream Holdings from an “underperform” rating to an “outperform” rating and set a $5.25 price objective for the company in a report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.43.
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