Windstream Holdings Inc (NYSE:WIN) Director Alan L. Wells acquired 68,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was acquired at an average price of $2.10 per share, with a total value of $142,800.00. Following the transaction, the director now directly owns 157,971 shares of the company’s stock, valued at approximately $331,739.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Windstream Holdings Inc (NYSE WIN) traded down 1.45% on Wednesday, reaching $2.04. The company’s stock had a trading volume of 5,171,120 shares. Windstream Holdings Inc has a 52-week low of $2.00 and a 52-week high of $10.46. The firm’s market capitalization is $388.61 million. The firm has a 50-day moving average price of $3.84 and a 200 day moving average price of $5.47.

Windstream Holdings (NYSE:WIN) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.45) by $0.08. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $0.01 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that Windstream Holdings Inc will post ($1.85) earnings per share for the current fiscal year.

Windstream Holdings declared that its Board of Directors has initiated a share buyback program on Thursday, August 3rd that allows the company to buyback $90.00 million in shares. This buyback authorization allows the company to buy up to 19.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

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A number of hedge funds and other institutional investors have recently made changes to their positions in WIN. United Capital Financial Advisers LLC increased its stake in Windstream Holdings by 0.5% in the first quarter. United Capital Financial Advisers LLC now owns 22,981 shares of the company’s stock worth $125,000 after buying an additional 110 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Windstream Holdings by 2.8% in the second quarter. BNP Paribas Arbitrage SA now owns 46,347 shares of the company’s stock worth $180,000 after buying an additional 1,257 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Windstream Holdings by 11.1% in the first quarter. Nisa Investment Advisors LLC now owns 27,392 shares of the company’s stock worth $149,000 after buying an additional 2,726 shares in the last quarter. Isthmus Partners LLC increased its stake in Windstream Holdings by 2.7% in the first quarter. Isthmus Partners LLC now owns 106,730 shares of the company’s stock worth $582,000 after buying an additional 2,837 shares in the last quarter. Finally, Paragon Capital Management Ltd purchased a new stake in Windstream Holdings during the first quarter worth approximately $245,000.

WIN has been the subject of several research analyst reports. 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 research report on Wednesday, May 17th. 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 research report on Wednesday, June 14th. Citigroup Inc. cut their price objective on Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, July 13th. Zacks Investment Research cut Windstream Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $2.50 price objective (down previously from $5.00) on shares of Windstream Holdings in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Windstream Holdings has a consensus rating of “Hold” and an average price target of $5.30.

About Windstream Holdings

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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