Windstream Holdings Inc (NYSE:WIN) Stake Maintained by Shell Asset Management Co.
Shell Asset Management Co. continued to hold its position in shares of Windstream Holdings Inc (NYSE:WIN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 196,433 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Windstream Holdings were worth $762,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Berson & Corrado Investment Advisors LLC boosted its position in shares of Windstream Holdings by 212.8% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 342,703 shares of the company’s stock valued at $1,330,000 after buying an additional 233,160 shares during the last quarter. UBS Oconnor LLC bought a new position in shares of Windstream Holdings during the first quarter valued at about $15,887,000. Public Employees Retirement System of Ohio boosted its position in shares of Windstream Holdings by 48.2% in the first quarter. Public Employees Retirement System of Ohio now owns 49,741 shares of the company’s stock valued at $271,000 after buying an additional 16,176 shares during the last quarter. Credit Suisse AG boosted its position in shares of Windstream Holdings by 95.9% in the first quarter. Credit Suisse AG now owns 592,145 shares of the company’s stock valued at $3,227,000 after buying an additional 289,896 shares during the last quarter. Finally, Whitebox Advisors LLC bought a new position in shares of Windstream Holdings during the first quarter valued at about $1,247,000.
Shares of Windstream Holdings Inc (NYSE WIN) opened at 2.11 on Friday. The stock’s market cap is $402.65 million. The company’s 50-day moving average price is $3.59 and its 200 day moving average price is $5.30. Windstream Holdings Inc has a 1-year low of $2.00 and a 1-year high of $10.46.
Windstream Holdings (NYSE:WIN) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.08. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 EPS. Equities analysts forecast that Windstream Holdings Inc will post ($1.88) EPS for the current fiscal year.
Windstream Holdings declared that its Board of Directors has approved a share repurchase plan on Thursday, August 3rd that allows the company to repurchase $90.00 million in shares. This repurchase authorization allows the company to reacquire up to 19.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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Several brokerages have recently issued reports on WIN. 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 note on Wednesday. Zacks Investment Research upgraded Windstream Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday. 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 research note on Tuesday. Bank of America Corporation cut Windstream Holdings from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $8.00 to $3.00 in a research note on Friday, August 4th. Finally, Citigroup Inc. decreased their target price on Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, July 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.30.
In other Windstream Holdings news, Director Alan L. Wells purchased 68,000 shares of Windstream Holdings stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $2.10 per share, with a total value of $142,800.00. Following the completion of the acquisition, the director now owns 157,971 shares of the company’s stock, valued at approximately $331,739.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
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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