Windstream Holdings Inc (WIN) Bonds Rise 1.3% During Trading

An issue of Windstream Holdings Inc (NYSE:WIN) debt rose 1.3% as a percentage of its face value during trading on Tuesday. The high-yield debt issue has a 6.375% coupon and is set to mature on August 1, 2023. The debt is now trading at $77.00 and was trading at $76.25 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

Several equities analysts recently weighed in on WIN shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $2.50 price target on shares of Windstream Holdings in a research report on Thursday, September 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $5.00 price target (down previously from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. BidaskClub cut shares of Windstream Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. Citigroup Inc. dropped their price target on shares of Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, July 13th. Finally, UBS AG reaffirmed a “sell” rating and issued a $2.00 price target (down previously from $4.00) on shares of Windstream Holdings in a research report on Monday, August 14th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $4.27.

Windstream Holdings Inc (NYSE:WIN) traded up 1.49% during midday trading on Tuesday, reaching $2.05. 2,098,816 shares of the company’s stock traded hands. The firm’s market cap is $391.20 million. The firm’s 50-day moving average is $1.99 and its 200 day moving average is $3.74. Windstream Holdings Inc has a 52-week low of $1.73 and a 52-week high of $8.62.

Windstream Holdings (NYSE:WIN) last issued its earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.08. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 EPS. Equities research analysts expect that Windstream Holdings Inc will post ($2.06) earnings per share for the current fiscal year.

Windstream Holdings declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 3rd that permits the company to repurchase $90.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 19.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

In other news, Director Alan L. Wells bought 68,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $2.10 per share, for a total transaction of $142,800.00. Following the completion of the purchase, the director now owns 157,971 shares in the company, valued at approximately $331,739.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anthony W. Thomas bought 25,381 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $1.97 per share, for a total transaction of $50,000.57. Following the purchase, the director now 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. In the last quarter, insiders bought 95,381 shares of company stock worth $196,901.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Windstream Holdings by 79.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 74,808 shares of the company’s stock worth $290,000 after buying an additional 33,050 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Windstream Holdings by 6.1% in the second quarter. The Manufacturers Life Insurance Company now owns 149,713 shares of the company’s stock worth $581,000 after buying an additional 8,543 shares in the last quarter. PineView Asset Management LP lifted its stake in shares of Windstream Holdings by 263.6% in the second quarter. PineView Asset Management LP now owns 1,091,757 shares of the company’s stock worth $4,236,000 after buying an additional 791,517 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of 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 buying an additional 18,969 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Windstream Holdings by 10.3% in the second quarter. State Street Corp now owns 4,526,499 shares of the company’s stock worth $17,565,000 after buying an additional 422,934 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: “Windstream Holdings Inc (WIN) Bonds Rise 1.3% During Trading̶

Several equities analysts recently weighed in on WIN shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $2.50 price target on shares of Windstream Holdings in a research report on Thursday, September 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $5.00 price target (down previously from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. BidaskClub cut shares of Windstream Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. Citigroup Inc. dropped their price target on shares of Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, July 13th. Finally, UBS AG reaffirmed a “sell” rating and issued a $2.00 price target (down previously from $4.00) on shares of Windstream Holdings in a research report on Monday, August 14th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $4.27.

Windstream Holdings Inc (NYSE:WIN) traded up 1.49% during midday trading on Tuesday, reaching $2.05. 2,098,816 shares of the company’s stock traded hands. The firm’s market cap is $391.20 million. The firm’s 50-day moving average is $1.99 and its 200 day moving average is $3.74. Windstream Holdings Inc has a 52-week low of $1.73 and a 52-week high of $8.62.

Windstream Holdings (NYSE:WIN) last issued its earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.08. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 EPS. Equities research analysts expect that Windstream Holdings Inc will post ($2.06) earnings per share for the current fiscal year.

Windstream Holdings declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 3rd that permits the company to repurchase $90.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 19.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

In other news, Director Alan L. Wells bought 68,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $2.10 per share, for a total transaction of $142,800.00. Following the completion of the purchase, the director now owns 157,971 shares in the company, valued at approximately $331,739.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anthony W. Thomas bought 25,381 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average price of $1.97 per share, for a total transaction of $50,000.57. Following the purchase, the director now 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. In the last quarter, insiders bought 95,381 shares of company stock worth $196,901.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Windstream Holdings by 79.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 74,808 shares of the company’s stock worth $290,000 after buying an additional 33,050 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Windstream Holdings by 6.1% in the second quarter. The Manufacturers Life Insurance Company now owns 149,713 shares of the company’s stock worth $581,000 after buying an additional 8,543 shares in the last quarter. PineView Asset Management LP lifted its stake in shares of Windstream Holdings by 263.6% in the second quarter. PineView Asset Management LP now owns 1,091,757 shares of the company’s stock worth $4,236,000 after buying an additional 791,517 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of 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 buying an additional 18,969 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Windstream Holdings by 10.3% in the second quarter. State Street Corp now owns 4,526,499 shares of the company’s stock worth $17,565,000 after buying an additional 422,934 shares in the last quarter.

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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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