BidaskClub upgraded shares of Windstream Holdings Inc (NYSE:WIN) from a strong sell rating to a sell rating in a research report report published on Thursday.

Several other equities analysts have also recently weighed in on the stock. Jefferies Group LLC reiterated a hold rating and set a $2.50 price objective on shares of Windstream Holdings in a research report on Thursday, September 7th. Morgan Stanley reiterated an equal weight rating and set a $5.00 price objective (down from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. Citigroup Inc. lowered their price objective on shares of Windstream Holdings from $5.25 to $4.00 and set a neutral rating on the stock in a research report on Thursday, July 13th. UBS AG reiterated a sell rating and set a $2.00 price objective (down from $4.00) on shares of Windstream Holdings in a research report on Monday, August 14th. Finally, Zacks Investment Research cut shares of Windstream Holdings from a hold rating to a strong sell rating in a research report on Wednesday, August 2nd. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $4.27.

Shares of Windstream Holdings (NYSE:WIN) traded down 6.25% during midday trading on Thursday, reaching $1.95. The company’s stock had a trading volume of 3,332,480 shares. The stock’s market capitalization is $372.11 million. Windstream Holdings has a 12 month low of $1.73 and a 12 month high of $9.30. The stock’s 50 day moving average is $1.99 and its 200 day moving average is $3.83.

Windstream Holdings (NYSE:WIN) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 quarter last year, the firm posted $0.01 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, analysts forecast that Windstream Holdings will post ($2.06) EPS for the current fiscal year.

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Windstream Holdings declared that its board has authorized a share buyback 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 shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In related news, Director Alan L. Wells acquired 68,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average price of $2.10 per share, with a total value of $142,800.00. Following the completion of the transaction, the director now owns 157,971 shares of the company’s stock, valued at $331,739.10. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony W. Thomas acquired 25,381 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 637,006 shares of the company’s stock, valued at approximately $1,254,901.82. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 95,381 shares of company stock valued at $196,901.

Several institutional investors and hedge funds have recently made changes to their positions in WIN. BlackRock Inc. raised its position in shares of Windstream Holdings by 61,577.1% during the first quarter. BlackRock Inc. now owns 19,160,595 shares of the company’s stock valued at $104,426,000 after buying an additional 19,129,529 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Windstream Holdings by 90.4% during the first quarter. Vanguard Group Inc. now owns 29,720,851 shares of the company’s stock valued at $161,979,000 after buying an additional 14,107,517 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Windstream Holdings by 137.1% during the first quarter. Renaissance Technologies LLC now owns 10,854,236 shares of the company’s stock valued at $59,156,000 after buying an additional 6,276,636 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Windstream Holdings by 278.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,373,705 shares of the company’s stock valued at $29,286,000 after buying an additional 3,953,429 shares during the last quarter. Finally, UBS Oconnor LLC acquired a new position in shares of Windstream Holdings during the first quarter valued at about $15,887,000.

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.

Analyst Recommendations for Windstream Holdings (NYSE:WIN)

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