An issue of Windstream Holdings Inc (NYSE:WIN) bonds rose 1.3% against their face value during trading on Wednesday. The high-yield issue of debt has a 7.5% coupon and will mature on June 1, 2022. The bonds in the issue are now trading at $78.00 and were trading at $74.50 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

A number of equities research analysts have issued reports on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $5.00 target price (down from $9.00) on shares of Windstream Holdings in a report on Wednesday, June 14th. Raymond James Financial, Inc. upgraded shares of Windstream Holdings from an “underperform” rating to an “outperform” rating and set a $5.25 target price on the stock in a report on Wednesday, May 17th. Zacks Investment Research lowered shares of Windstream Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Citigroup Inc. reduced their target price on shares of Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, July 13th. Finally, Bank of America Corporation lowered shares of Windstream Holdings from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $8.00 to $3.00 in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $4.65.

Shares of Windstream Holdings Inc (NYSE:WIN) opened at 2.07 on Friday. Windstream Holdings Inc has a one year low of $1.87 and a one year high of $10.45. The firm’s market capitalization is $395.01 million. The stock has a 50 day moving average of $2.79 and a 200-day moving average of $4.68.

Windstream Holdings (NYSE:WIN) last posted its earnings results on Thursday, August 3rd. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.08. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm posted $0.01 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts anticipate that Windstream Holdings Inc will post ($1.98) earnings per share 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 buyback $90.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 19.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

In other news, Director Anthony W. Thomas bought 25,381 shares of Windstream Holdings stock in a transaction dated Thursday, August 17th. The shares were acquired at an average cost of $1.97 per share, with a total value of $50,000.57. Following the completion of the transaction, the director now owns 637,006 shares in the company, valued at approximately $1,254,901.82. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan L. Wells bought 68,000 shares of Windstream Holdings stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $2.10 per share, for a total transaction of $142,800.00. Following the completion of the transaction, the director now owns 157,971 shares of the company’s stock, valued at approximately $331,739.10. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 95,381 shares of company stock worth $196,901.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Windstream Holdings by 63.2% in the first quarter. Bank of New York Mellon Corp now owns 3,198,966 shares of the company’s stock worth $17,434,000 after buying an additional 1,238,512 shares during the last quarter. American Century Companies Inc. purchased a new position in Windstream Holdings during the first quarter worth approximately $4,231,000. Advisors Asset Management Inc. boosted its position in Windstream Holdings by 4,861.1% in the first quarter. Advisors Asset Management Inc. now owns 602,576 shares of the company’s stock worth $3,284,000 after buying an additional 590,430 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in Windstream Holdings by 114.0% in the first quarter. Public Employees Retirement Association of Colorado now owns 57,437 shares of the company’s stock worth $313,000 after buying an additional 30,595 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in Windstream Holdings by 75.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 149,255 shares of the company’s stock worth $813,000 after buying an additional 64,068 shares during the last quarter.

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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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