Windstream Holdings Inc (WIN) Raised to Sell at BidaskClub
Windstream Holdings Inc (NYSE:WIN) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Thursday.
WIN has been the subject of a number of other reports. Citigroup Inc. decreased their price objective on Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating for the company in a report on Thursday, July 13th. Deutsche Bank AG decreased their price objective on Windstream Holdings from $7.00 to $3.00 and set a “hold” rating for the company in a report on Tuesday, August 8th. Jefferies Group LLC reissued a “hold” rating and issued a $2.50 price objective on shares of Windstream Holdings in a report on Thursday, September 7th. Bank of America Corporation lowered Windstream Holdings from a “buy” rating to an “underperform” rating and decreased their price target for the company from $8.00 to $3.00 in a research note on Friday, August 4th. Finally, UBS AG reaffirmed a “sell” rating and set a $2.00 price target (down from $4.00) on shares of Windstream Holdings in a research note on Monday, August 14th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $4.27.
Shares of Windstream Holdings (NYSE WIN) opened at 2.11 on Thursday. The stock’s market capitalization is $402.65 million. The company has a 50 day moving average price of $1.99 and a 200-day moving average price of $3.84. Windstream Holdings has a 1-year low of $1.73 and a 1-year high of $9.49.
Windstream Holdings (NYSE:WIN) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.08. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $0.01 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts forecast that Windstream Holdings will post ($2.06) EPS for the current fiscal year.
Windstream Holdings announced that its board has authorized a stock repurchase program on Thursday, August 3rd that authorizes the company to buyback $90.00 million in shares. This buyback authorization authorizes the company to repurchase up to 19.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
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In related news, Director Alan L. Wells acquired 68,000 shares of Windstream Holdings stock in a transaction dated 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 purchase, the director now directly owns 157,971 shares in the company, valued at approximately $331,739.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony W. Thomas acquired 25,381 shares of Windstream Holdings stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of $1.97 per share, with a total value of $50,000.57. Following the completion of the purchase, the director now owns 637,006 shares in the company, valued at $1,254,901.82. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 95,381 shares of company stock valued at $196,901.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Windstream Holdings during the 1st quarter worth $114,000. Great West Life Assurance Co. Can boosted 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 acquiring an additional 12,774 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Windstream Holdings during the 1st quarter worth $120,000. Amalgamated Bank boosted its stake in shares of Windstream Holdings by 87.7% during the 1st quarter. Amalgamated Bank now owns 22,566 shares of the company’s stock worth $123,000 after acquiring an additional 10,541 shares in the last quarter. Finally, United Capital Financial Advisers LLC boosted its stake in shares of Windstream Holdings by 0.5% during the 1st quarter. United Capital Financial Advisers LLC now owns 22,981 shares of the company’s stock worth $125,000 after acquiring an additional 110 shares in the last quarter.
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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