An issue of Windstream Holdings Inc (NYSE:WIN) bonds rose 1.5% as a percentage of their face value during trading on Friday. The high-yield issue of debt has a 7.75% coupon and is set to mature on October 15, 2020. The bonds in the issue are now trading at $86.97 and were trading at $82.00 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.

WIN has been the topic of several research reports. Morgan Stanley reissued an “equal weight” rating and set a $2.40 price target (down from $5.00) on shares of Windstream Holdings in a research report on Wednesday, August 23rd. Zacks Investment Research raised Windstream Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. UBS AG reissued a “sell” rating and set a $2.00 price target (down from $4.00) on shares of Windstream Holdings in a research report on Monday, August 14th. Bank of America Corporation lowered Windstream Holdings from a “buy” rating to an “underperform” rating and dropped their price target for the company from $8.00 to $3.00 in a research report on Friday, August 4th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $2.50 price target (down from $5.00) on shares of Windstream Holdings in a research report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $4.27.

Windstream Holdings Inc (WIN) opened at 1.95 on Friday. The company’s 50-day moving average price is $1.99 and its 200-day moving average price is $3.80. Windstream Holdings Inc has a 52 week low of $1.73 and a 52 week high of $8.88. The company’s market capitalization is $372.11 million.

Windstream Holdings (NYSE:WIN) last posted its earnings results on Thursday, August 3rd. The company reported ($0.37) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.08. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Windstream Holdings’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS. On average, equities analysts forecast that Windstream Holdings Inc will post ($2.06) EPS for the current fiscal year.

Windstream Holdings declared that its board has approved a stock buyback program on Thursday, August 3rd that authorizes the company to buyback $90.00 million in shares. This buyback authorization authorizes the company to reacquire up to 19.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

In other Windstream Holdings news, Director Alan L. Wells acquired 68,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average price of $2.10 per share, for a total transaction of $142,800.00. Following the transaction, the director now owns 157,971 shares in the company, valued at approximately $331,739.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anthony W. Thomas acquired 25,381 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $1.97 per share, with a total value of $50,000.57. Following the transaction, the director now owns 637,006 shares in the company, valued at approximately $1,254,901.82. The disclosure for this purchase can be found here. Insiders have purchased a total of 95,381 shares of company stock valued at $196,901 in the last 90 days.

A number of institutional investors and hedge funds have recently modified their holdings of WIN. Nationwide Fund Advisors raised its position in Windstream Holdings by 66.9% in the 1st quarter. Nationwide Fund Advisors now owns 121,562 shares of the company’s stock valued at $663,000 after purchasing an additional 48,736 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Windstream Holdings by 47.4% in the 1st quarter. Russell Investments Group Ltd. now owns 23,559 shares of the company’s stock valued at $128,000 after buying an additional 7,576 shares during the period. Wells Fargo & Company MN increased its stake in shares of Windstream Holdings by 87.3% in the 1st quarter. Wells Fargo & Company MN now owns 254,020 shares of the company’s stock valued at $1,385,000 after buying an additional 118,416 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Windstream Holdings by 142.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 21,720 shares of the company’s stock valued at $118,000 after buying an additional 12,774 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Windstream Holdings by 75.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 149,255 shares of the company’s stock valued at $813,000 after buying an additional 64,068 shares during the period.

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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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