Gabelli Funds LLC trimmed its stake in shares of Windstream Holdings Inc (NYSE:WIN) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,508,000 shares of the company’s stock after selling 85,180 shares during the period. Gabelli Funds LLC owned about 0.79% of Windstream Holdings worth $2,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Windstream Holdings by 2.8% during the second quarter. BNP Paribas Arbitrage SA now owns 46,347 shares of the company’s stock valued at $180,000 after purchasing an additional 1,257 shares during the last quarter. Menta Capital LLC raised its position in Windstream Holdings by 1.3% during 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 during the period. PNC Financial Services Group Inc. raised its position in Windstream Holdings by 11.8% during the second quarter. PNC Financial Services Group Inc. now owns 52,448 shares of the company’s stock valued at $204,000 after buying an additional 5,536 shares during the period. Voya Investment Management LLC raised its position in Windstream Holdings by 8.2% during the second quarter. Voya Investment Management LLC now owns 88,209 shares of the company’s stock valued at $342,000 after buying an additional 6,692 shares during the period. Finally, Principal Financial Group Inc. raised its position in Windstream Holdings by 37.4% during the first quarter. Principal Financial Group Inc. now owns 27,144 shares of the company’s stock valued at $148,000 after buying an additional 7,394 shares during the period.

Several research firms recently weighed in on WIN. BidaskClub raised Windstream Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 5th. Cowen and Company reaffirmed a “buy” rating on shares of Windstream Holdings in a research report on Thursday, October 19th. Deutsche Bank AG decreased their price target on Windstream Holdings from $7.00 to $3.00 and set a “hold” rating for the company in a research note on Tuesday, August 8th. 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. Finally, Citigroup Inc. decreased their target price on Windstream Holdings from $2.75 to $2.25 and set a “neutral” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $3.42.

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Windstream Holdings Inc (NYSE WIN) opened at $2.04 on Tuesday.

Windstream Holdings (NYSE:WIN) last released its quarterly earnings results on Thursday, November 9th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.15). The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Windstream Holdings’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.72) earnings per share.

Windstream Holdings announced that its Board of Directors has initiated a share repurchase program on Thursday, August 3rd that permits the company to buyback $90.00 million in shares. This buyback authorization permits the company to buy up to 19.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other Windstream Holdings news, Director Anthony W. Thomas purchased 25,381 shares of the stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $1.97 per share, with a total value of $50,000.57. Following the completion of the transaction, the director now directly owns 637,006 shares in the company, valued at $1,254,901.82. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Windstream Holdings 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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Institutional Ownership by Quarter for Windstream Holdings (NYSE:WIN)

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