Windstream Holdings Inc (WIN) Shares Bought by Evanston Investments Inc. dba Evanston Advisors
Evanston Investments Inc. dba Evanston Advisors boosted its position in shares of Windstream Holdings Inc (NYSE:WIN) by 19.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 547,581 shares of the company’s stock after buying an additional 87,425 shares during the period. Evanston Investments Inc. dba Evanston Advisors owned approximately 0.29% of Windstream Holdings worth $2,125,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Lapides Asset Management LLC boosted 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 worth $102,000 after buying an additional 8,200 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Windstream Holdings during the first quarter worth approximately $105,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Windstream Holdings during the first quarter worth approximately $114,000. Stevens Capital Management LP purchased a new position in shares of Windstream Holdings during the first quarter worth approximately $117,000. Finally, Great West Life Assurance Co. Can boosted its position in shares of 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 during the last quarter.
Windstream Holdings Inc (WIN) traded up 2.239% during midday trading on Thursday, hitting $2.055. The company had a trading volume of 501,505 shares. Windstream Holdings Inc has a 52-week low of $1.87 and a 52-week high of $10.46. The stock’s 50-day moving average price is $2.99 and its 200-day moving average price is $4.83. The stock’s market cap is $392.15 million.
Windstream Holdings (NYSE:WIN) last issued its earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share for the quarter, topping the Zacks’ 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. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. On average, equities research analysts expect that Windstream Holdings Inc will post ($1.98) EPS for the current fiscal year.
Windstream Holdings declared that its board has approved a share repurchase program on Thursday, August 3rd that permits the company to repurchase $90.00 million in shares. This repurchase authorization permits the company to reacquire up to 19.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
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A number of equities analysts have commented on the company. Raymond James Financial, Inc. raised Windstream Holdings from an “underperform” rating to an “outperform” rating and set a $5.25 target price for the company in a report on Wednesday, May 17th. Citigroup Inc. reduced their target price 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 reduced their target price 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 set a $2.50 target price (down previously from $5.00) on shares of Windstream Holdings in a report on Wednesday, August 9th. Finally, Bank of America Corporation cut Windstream Holdings from a “buy” rating to an “underperform” rating and reduced their target price for the company from $8.00 to $3.00 in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.65.
In other news, Director Anthony W. Thomas acquired 25,381 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price 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 approximately $1,254,901.82. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alan L. Wells acquired 68,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased 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 disclosure for this purchase can be found here. Insiders purchased a total of 95,381 shares of company stock valued at $196,901 in the last ninety days.
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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