NJ State Employees Deferred Compensation Plan Has $303,000 Position in Windstream Holdings Inc (WIN)
NJ State Employees Deferred Compensation Plan maintained its stake in shares of Windstream Holdings Inc (NYSE:WIN) during the second quarter, Holdings Channel reports. The institutional investor owned 77,928 shares of the company’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Windstream Holdings were worth $303,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. United Capital Financial Advisers LLC increased its position in shares of Windstream Holdings by 0.5% in the first quarter. United Capital Financial Advisers LLC now owns 22,981 shares of the company’s stock valued at $125,000 after buying an additional 110 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Windstream Holdings by 11.1% in the first quarter. Nisa Investment Advisors LLC now owns 27,392 shares of the company’s stock valued at $149,000 after buying an additional 2,726 shares during the period. Isthmus Partners LLC increased its position in shares of Windstream Holdings by 2.7% in the first quarter. Isthmus Partners LLC now owns 106,730 shares of the company’s stock valued at $582,000 after buying an additional 2,837 shares during the period. Paragon Capital Management Ltd bought a new position in shares of Windstream Holdings during the first quarter valued at about $245,000. Finally, Highbridge Capital Management LLC increased its position in shares of Windstream Holdings by 31.3% in the fourth quarter. Highbridge Capital Management LLC now owns 27,826 shares of the company’s stock valued at $204,000 after buying an additional 6,626 shares during the period.
Windstream Holdings Inc (NYSE WIN) opened at 2.04 on Thursday. Windstream Holdings Inc has a 12 month low of $2.00 and a 12 month high of $10.46. The firm’s market cap is $388.61 million. The company’s 50-day moving average is $3.64 and its 200 day moving average is $5.32.
Windstream Holdings (NYSE:WIN) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.08. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share. Equities research analysts expect that Windstream Holdings Inc will post ($1.85) EPS for the current fiscal year.
Windstream Holdings announced that its Board of Directors has approved a share buyback plan on Thursday, August 3rd that permits the company to buyback $90.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 19.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.
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Several research analysts recently issued reports on WIN shares. Raymond James Financial, Inc. upgraded shares of Windstream Holdings from an “underperform” rating to an “outperform” rating and set a $5.25 price target on the stock in a research report on Wednesday, May 17th. Morgan Stanley reiterated an “equal weight” rating and set a $5.00 price target (down previously from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. Citigroup Inc. reduced 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. Zacks Investment Research downgraded shares of 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 set a $2.50 price target (down previously from $5.00) on shares of Windstream Holdings in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Windstream Holdings has a consensus rating of “Hold” and a consensus target price of $5.30.
In other Windstream Holdings news, Director Alan L. Wells acquired 68,000 shares of Windstream Holdings stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $2.10 per share, with a total value of $142,800.00. Following the completion of the purchase, the director now directly owns 157,971 shares of the company’s stock, valued at approximately $331,739.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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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