Windstream Holdings’ (WIN) Hold Rating Reiterated at Jefferies Group LLC
Jefferies Group LLC restated their hold rating on shares of Windstream Holdings Inc (NYSE:WIN) in a report published on Thursday morning. Jefferies Group LLC currently has a $2.50 price objective on the stock.
Several other equities research analysts have also issued reports on the stock. 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 report on Wednesday, May 17th. Morgan Stanley reissued an equal weight rating and issued a $5.00 price objective (down previously from $9.00) on shares of Windstream Holdings in a research report 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 report on Thursday, July 13th. Zacks Investment Research lowered shares of Windstream Holdings from a hold rating to a strong sell rating in a research report on Wednesday, August 2nd. Finally, UBS AG reissued a sell rating and issued a $2.00 price objective (down previously from $4.00) on shares of Windstream Holdings in a research report on Monday, August 14th. Three 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. Windstream Holdings currently has a consensus rating of Hold and a consensus target price of $4.65.
Shares of Windstream Holdings (WIN) opened at 2.00 on Thursday. Windstream Holdings has a one year low of $1.87 and a one year high of $10.45. The stock’s 50 day moving average is $2.52 and its 200-day moving average is $4.50. The firm’s market cap is $381.66 million.
Windstream Holdings (NYSE:WIN) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.08. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $0.01 EPS. Windstream Holdings’s revenue was up 9.7% on a year-over-year basis. Analysts anticipate that Windstream Holdings will post ($2.06) EPS for the current fiscal year.
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Windstream Holdings declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 3rd that permits the company to repurchase $90.00 million in shares. This repurchase authorization permits the company to repurchase up to 19.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
In related news, Director Alan L. Wells acquired 68,000 shares of Windstream Holdings stock in a transaction on 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 purchase, the director now directly owns 157,971 shares of the company’s stock, valued at approximately $331,739.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony W. Thomas acquired 25,381 shares of Windstream Holdings stock in a transaction on Thursday, August 17th. The shares were bought at an average price of $1.97 per share, for a total transaction of $50,000.57. Following the completion of the purchase, the director now directly owns 637,006 shares in the company, valued at $1,254,901.82. The disclosure for this purchase can be found here. Insiders bought 95,381 shares of company stock valued at $196,901 over the last 90 days.
A number of hedge funds and other institutional investors have recently bought and sold shares of WIN. BlackRock Inc. boosted its stake in Windstream Holdings by 61,577.1% during the 1st quarter. BlackRock Inc. now owns 19,160,595 shares of the company’s stock valued at $104,426,000 after acquiring an additional 19,129,529 shares during the last quarter. Vanguard Group Inc. boosted its stake in Windstream Holdings by 90.4% during the 1st quarter. Vanguard Group Inc. now owns 29,720,851 shares of the company’s stock valued at $161,979,000 after acquiring an additional 14,107,517 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Windstream Holdings by 137.1% during the 1st quarter. Renaissance Technologies LLC now owns 10,854,236 shares of the company’s stock valued at $59,156,000 after acquiring an additional 6,276,636 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Windstream Holdings by 278.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,373,705 shares of the company’s stock valued at $29,286,000 after acquiring an additional 3,953,429 shares during the last quarter. Finally, UBS Oconnor LLC bought a new position in Windstream Holdings during the 1st quarter valued at $15,887,000.
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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