An issue of Windstream Holdings Inc (NYSE:WIN) bonds fell 1.3% as a percentage of their face value during trading on Tuesday. The high-yield debt issue has a 6.375% coupon and will mature on August 1, 2023. The debt is now trading at $75.00 and was trading at $68.50 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its stock price.

WIN has been the subject of several recent analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $2.50 price target on shares of Windstream Holdings in a research note on Thursday, September 7th. Zacks Investment Research downgraded Windstream Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Citigroup Inc. reduced their target price on Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating for the company in a report on Thursday, July 13th. BidaskClub lowered Windstream Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, September 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $5.00 target price (down previously from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Windstream Holdings presently has a consensus rating of “Hold” and an average target price of $4.65.

Shares of Windstream Holdings Inc (WIN) traded up 8.84% during mid-day trading on Tuesday, reaching $1.97. The company had a trading volume of 8,337,042 shares. The company’s market capitalization is $375.93 million. Windstream Holdings Inc has a 12 month low of $1.73 and a 12 month high of $9.98. The firm’s 50-day moving average is $1.99 and its 200 day moving average is $3.89.

Windstream Holdings (NYSE:WIN) last announced 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 firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. The business’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. On average, equities research analysts predict that Windstream Holdings Inc will post ($2.06) earnings per share for the current year.

Windstream Holdings declared that its board has authorized a share repurchase program on Thursday, August 3rd that allows the company to buyback $90.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 19.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

In related news, Director Alan L. Wells purchased 68,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average price of $2.10 per share, for a total transaction of $142,800.00. Following the purchase, the director now owns 157,971 shares in the company, valued at $331,739.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony W. Thomas purchased 25,381 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought 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 in the company, valued at approximately $1,254,901.82. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 95,381 shares of company stock worth $196,901.

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Windstream Holdings by 61,577.1% during the first quarter. BlackRock Inc. now owns 19,160,595 shares of the company’s stock worth $104,426,000 after acquiring an additional 19,129,529 shares during the period. Vanguard Group Inc. boosted its stake in Windstream Holdings by 90.4% in the 1st quarter. Vanguard Group Inc. now owns 29,720,851 shares of the company’s stock valued at $161,979,000 after purchasing an additional 14,107,517 shares during the period. Renaissance Technologies LLC boosted its stake in Windstream Holdings by 137.1% in the 1st quarter. Renaissance Technologies LLC now owns 10,854,236 shares of the company’s stock valued at $59,156,000 after purchasing an additional 6,276,636 shares during the period. Dimensional Fund Advisors LP boosted its stake in Windstream Holdings by 278.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,373,705 shares of the company’s stock valued at $29,286,000 after purchasing an additional 3,953,429 shares during the period. Finally, UBS Oconnor LLC bought a new stake in Windstream Holdings in the 1st quarter valued at $15,887,000.

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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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