Windstream Holdings Inc (WIN) Stock Rating Lowered by BidaskClub
Windstream Holdings Inc (NYSE:WIN) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.
WIN has been the subject of several other reports. Jefferies Group LLC reiterated a “hold” rating and set a $2.50 price objective on shares of Windstream Holdings in a research note on Thursday, September 7th. Zacks Investment Research lowered Windstream Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Citigroup Inc. dropped their price target 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. Morgan Stanley restated an “equal weight” rating and issued a $5.00 price target (down from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. Finally, Bank of America Corporation lowered Windstream Holdings from a “buy” rating to an “underperform” rating and dropped their price target for the company from $8.00 to $3.00 in a research report on Friday, August 4th. Four investment 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 stock currently has a consensus rating of “Hold” and a consensus target price of $4.65.
Shares of Windstream Holdings (NYSE:WIN) opened at 1.93 on Friday. The company’s 50 day moving average price is $2.15 and its 200 day moving average price is $4.19. Windstream Holdings has a 52-week low of $1.87 and a 52-week high of $10.46. The stock’s market cap is $368.30 million.
Windstream Holdings (NYSE:WIN) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.37) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.08. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm posted $0.01 earnings per share. Windstream Holdings’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts anticipate that Windstream Holdings will post ($2.06) 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 the stock. United Capital Financial Advisers LLC grew its position 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 acquiring an additional 110 shares during the period. BNP Paribas Arbitrage SA grew its position 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 acquiring an additional 1,257 shares during the period. Nisa Investment Advisors LLC grew its position 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 acquiring an additional 2,726 shares during the period. Menta Capital LLC grew its position in Windstream Holdings by 1.3% in the second quarter. Menta Capital LLC now owns 310,359 shares of the company’s stock worth $1,204,000 after acquiring an additional 3,916 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Windstream Holdings by 11.8% in the second quarter. PNC Financial Services Group Inc. now owns 52,448 shares of the company’s stock worth $204,000 after acquiring an additional 5,536 shares during the period.
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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