An issue of Windstream Holdings Inc (NYSE:WIN) debt rose 1.6% as a percentage of its face value during trading on Thursday. The debt issue has a 6.375% coupon and is set to mature on August 1, 2023. The bonds in the issue are now trading at $77.25 and were trading at $76.00 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.

WIN has been the subject of a number of recent research reports. Raymond James Financial, Inc. raised shares of Windstream Holdings from an “underperform” rating to an “outperform” rating and set a $5.25 price objective for the company in a research note on Wednesday, May 17th. Morgan Stanley reissued an “equal weight” rating and issued a $5.00 price objective (down from $9.00) on shares of Windstream Holdings in a research note on Wednesday, June 14th. 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 research note on Thursday, July 13th. Zacks Investment Research cut shares of Windstream Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Finally, UBS AG reissued a “sell” rating and issued a $2.00 price objective (down from $4.00) on shares of Windstream Holdings in a research note on Monday, August 14th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Windstream Holdings currently has an average rating of “Hold” and an average target price of $4.65.

Windstream Holdings Inc (NYSE WIN) traded up 2.99% during trading on Thursday, hitting $2.07. 6,563,973 shares of the company were exchanged. The company’s market capitalization is $395.01 million. Windstream Holdings Inc has a 12 month low of $1.87 and a 12 month high of $10.45. The stock’s 50-day moving average is $2.79 and its 200-day moving average is $4.68.

Windstream Holdings (NYSE:WIN) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.08. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the company 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 anticipate that Windstream Holdings Inc will post ($1.98) earnings per share for the current year.

Windstream Holdings announced that its Board of Directors has initiated a share buyback plan 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

In related news, Director Alan L. Wells bought 68,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was bought 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 in the company, valued at approximately $331,739.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony W. Thomas bought 25,381 shares of the stock in a transaction on 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 purchase, the director now owns 637,006 shares of the company’s stock, valued at $1,254,901.82. The disclosure for this purchase can be found here. Insiders purchased 95,381 shares of company stock valued at $196,901 in the last three months.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Lapides Asset Management LLC raised its position in shares of Windstream Holdings by 45.5% in the second quarter. Lapides Asset Management LLC now owns 26,232 shares of the company’s stock valued at $102,000 after buying an additional 8,200 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Windstream Holdings during the first quarter valued at $105,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Windstream Holdings during the first quarter valued at $114,000. Cubist Systematic Strategies LLC raised its position in shares of Windstream Holdings by 175.5% in the second quarter. Cubist Systematic Strategies LLC now owns 29,780 shares of the company’s stock valued at $116,000 after buying an additional 18,969 shares during the period. Finally, Stevens Capital Management LP bought a new position in shares of Windstream Holdings during the first quarter valued at $117,000.

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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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