Windstream Holdings Inc (WIN) Shares Bought by Global X Management Co. LLC
Global X Management Co. LLC increased its position in Windstream Holdings Inc (NYSE:WIN) by 4.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,265,430 shares of the company’s stock after buying an additional 57,107 shares during the period. Global X Management Co. LLC’s holdings in Windstream Holdings were worth $4,910,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in Windstream Holdings during the first quarter worth about $105,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Windstream Holdings during the first quarter worth about $114,000. Stevens Capital Management LP bought a new stake in Windstream Holdings during the first quarter worth about $117,000. Great West Life Assurance Co. Can increased its stake in Windstream Holdings by 142.8% in the first 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, Russell Investments Group Ltd. bought a new stake in Windstream Holdings during the fourth quarter worth about $120,000.
Windstream Holdings Inc (WIN) opened at 2.03 on Friday. Windstream Holdings Inc has a 52-week low of $2.00 and a 52-week high of $10.46. The stock’s market cap is $387.38 million. The firm has a 50 day moving average of $3.53 and a 200-day moving average of $5.26.
Windstream Holdings (NYSE:WIN) last released 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 for the quarter, compared to the consensus estimate of $1.50 billion. Windstream Holdings’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS. Equities analysts anticipate that Windstream Holdings Inc will post ($2.03) earnings per share for the current fiscal year.
Windstream Holdings announced that its board has initiated a stock buyback program on Thursday, August 3rd that permits the company to repurchase $90.00 million in shares. This repurchase authorization permits the company to buy up to 19.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
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A number of analysts have recently issued reports on WIN shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $5.00 price objective (down from $9.00) on shares of Windstream Holdings in a report on Wednesday, June 14th. 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. Zacks Investment Research raised shares of Windstream Holdings from a “sell” rating to a “hold” rating in a report on Tuesday. Deutsche Bank AG dropped 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. Finally, Citigroup Inc. dropped their price objective on shares of Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating for the company in a report on Thursday, July 13th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Windstream Holdings currently has a consensus rating of “Hold” and an average target price of $5.30.
In other news, Director Alan L. Wells bought 68,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was purchased at an average price of $2.10 per share, for a total transaction of $142,800.00. Following the acquisition, the director now owns 157,971 shares of the company’s stock, valued at $331,739.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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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