An issue of Windstream Holdings Inc (NYSE:WIN) bonds rose 2.6% against their face value during trading on Wednesday. The high-yield debt issue has a 7.75% coupon and is set to mature on October 15, 2020. The bonds in the issue are now trading at $91.25 and were trading at $89.75 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.

Several analysts recently issued reports on the stock. UBS AG reaffirmed a “sell” rating and set a $2.00 price objective (down from $4.00) on shares of Windstream Holdings in a report on Monday. Jefferies Group LLC reaffirmed a “hold” rating and set a $2.50 price objective (down from $5.00) on shares of Windstream Holdings in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Windstream Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Deutsche Bank AG decreased their price objective on shares of Windstream Holdings from $7.00 to $3.00 and set a “hold” rating for the company in a report on Tuesday, August 8th. Finally, Bank of America Corporation downgraded shares of Windstream Holdings from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $8.00 to $3.00 in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.89.

Windstream Holdings Inc (NYSE WIN) traded up 5.79% during trading on Wednesday, reaching $2.01. 5,890,271 shares of the company traded hands. The company’s market cap is $383.56 million. The company’s 50-day moving average is $3.35 and its 200 day moving average is $5.10. Windstream Holdings Inc has a 12 month low of $1.88 and a 12 month high of $10.45.

Windstream Holdings (NYSE:WIN) last released its earnings results 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 firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business posted $0.01 earnings per share. Windstream Holdings’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts anticipate that Windstream Holdings Inc will post ($1.98) earnings per share for the current year.

Windstream Holdings declared that its board has authorized a stock repurchase plan on Thursday, August 3rd that permits the company to repurchase $90.00 million in shares. This repurchase authorization permits the company to repurchase up to 19.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

In other news, Director Alan L. Wells bought 68,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 owns 157,971 shares of the company’s stock, valued at $331,739.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Several institutional investors have recently added to or reduced their stakes in the stock. United Capital Financial Advisers LLC boosted 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 valued at $125,000 after buying an additional 110 shares in the last quarter. BNP Paribas Arbitrage SA boosted 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 buying an additional 1,257 shares during the period. Nisa Investment Advisors LLC boosted 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 buying an additional 2,726 shares during the period. Isthmus Partners LLC boosted its position 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 during the period. Finally, Menta Capital LLC boosted 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 buying an additional 3,916 shares during the period.

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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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