An issue of Windstream Holdings Inc (NYSE:WIN) debt fell 3.3% as a percentage of its face value during trading on Tuesday. The debt issue has a 7.75% coupon and will mature on October 15, 2020. The bonds in the issue are now trading at $85.00 and were trading at $88.63 one week ago. Price moves in a company’s debt in credit markets often anticipate parallel moves in its stock price.

WIN has been the topic of a number of analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $5.00 price objective (down from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $2.50 price objective (down from $5.00) on shares of Windstream Holdings in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Windstream Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Deutsche Bank AG lowered their price objective on shares of Windstream Holdings from $7.00 to $3.00 and set a “hold” rating on the stock in a research report on Tuesday, August 8th. Finally, Citigroup Inc. lowered their price objective 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. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.89.

Shares of Windstream Holdings Inc (WIN) traded down 1.05% during midday trading on Tuesday, hitting $1.89. 3,702,460 shares of the company’s stock traded hands. The company has a 50 day moving average of $3.17 and a 200 day moving average of $4.95. Windstream Holdings Inc has a 52 week low of $1.87 and a 52 week high of $10.45. The stock’s market cap is $360.66 million.

Windstream Holdings (NYSE:WIN) last issued its earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.08. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business earned $0.01 earnings per share. Windstream Holdings’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities analysts forecast that Windstream Holdings Inc will post ($1.98) EPS for the current fiscal year.

Windstream Holdings declared that its board has initiated a stock buyback program on Thursday, August 3rd that allows the company to repurchase $90.00 million in shares. This repurchase authorization allows the company to buy up to 19.9% of its shares through open market purchases. Shares repurchase programs are typically 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 firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was acquired at an average price 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 filing with the SEC, which is available at this link. Also, Director Anthony W. Thomas bought 25,381 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $1.97 per share, with a total value of $50,000.57. Following the purchase, the director now directly owns 637,006 shares of the company’s stock, valued at $1,254,901.82. The disclosure for this purchase can be found here. In the last three months, insiders bought 95,381 shares of company stock valued at $196,901.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. United Capital Financial Advisers LLC boosted 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 in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Windstream Holdings by 2.8% in the second quarter. BNP Paribas Arbitrage SA now owns 46,347 shares of the company’s stock valued at $180,000 after buying an additional 1,257 shares in the last quarter. Nisa Investment Advisors LLC boosted 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 in the last quarter. Isthmus Partners LLC boosted 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 in the last quarter. Finally, Menta Capital LLC boosted its position in shares of Windstream Holdings by 1.3% in the second quarter. Menta Capital LLC now owns 310,359 shares of the company’s stock valued at $1,204,000 after buying an additional 3,916 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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