An issue of Windstream Holdings Inc (NYSE:WIN) debt rose 4% as a percentage of its face value during trading on Monday. 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 $74.75 and was trading at $64.92 one week ago. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

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

Windstream Holdings Inc (NYSE:WIN) traded up 2.26% on Monday, hitting $1.81. 4,618,502 shares of the company traded hands. Windstream Holdings Inc has a 1-year low of $1.73 and a 1-year high of $9.98. The firm’s market capitalization is $345.40 million. The firm’s 50 day moving average price is $1.99 and its 200 day moving average price is $3.89.

Windstream Holdings (NYSE:WIN) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.37) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.45) by $0.08. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the business posted $0.01 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts predict that Windstream Holdings Inc will post ($2.06) EPS for the current fiscal year.

Windstream Holdings announced that its board has authorized a share buyback plan on Thursday, August 3rd that allows the company to repurchase $90.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 19.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors raised its position in Windstream Holdings by 66.9% during the 1st quarter. Nationwide Fund Advisors now owns 121,562 shares of the company’s stock worth $663,000 after buying an additional 48,736 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Windstream Holdings by 47.4% during the 1st quarter. Russell Investments Group Ltd. now owns 23,559 shares of the company’s stock worth $128,000 after buying an additional 7,576 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Windstream Holdings by 87.3% during the 1st quarter. Wells Fargo & Company MN now owns 254,020 shares of the company’s stock worth $1,385,000 after buying an additional 118,416 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Windstream Holdings by 142.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 21,720 shares of the company’s stock worth $118,000 after buying an additional 12,774 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Windstream Holdings by 75.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 149,255 shares of the company’s stock worth $813,000 after buying an additional 64,068 shares in the last quarter.

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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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