PineView Asset Management LP raised its stake in Windstream Holdings Inc (NYSE:WIN) by 263.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,091,757 shares of the company’s stock after purchasing an additional 791,517 shares during the period. Windstream Holdings accounts for 1.2% of PineView Asset Management LP’s holdings, making the stock its 14th biggest holding. PineView Asset Management LP owned 0.57% of Windstream Holdings worth $4,236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of WIN. Cubist Systematic Strategies LLC increased its position in shares of Windstream Holdings by 175.5% during the second quarter. Cubist Systematic Strategies LLC now owns 29,780 shares of the company’s stock worth $116,000 after acquiring an additional 18,969 shares in the last quarter. State Street Corp increased its position in shares of Windstream Holdings by 10.3% during the second quarter. State Street Corp now owns 4,526,499 shares of the company’s stock worth $17,565,000 after acquiring an additional 422,934 shares in the last quarter. Divisar Capital Management LLC increased its position in shares of Windstream Holdings by 118.7% during the second quarter. Divisar Capital Management LLC now owns 748,905 shares of the company’s stock worth $2,906,000 after acquiring an additional 406,545 shares in the last quarter. Stifel Financial Corp increased its position in shares of Windstream Holdings by 162.5% during the second quarter. Stifel Financial Corp now owns 344,242 shares of the company’s stock worth $1,335,000 after acquiring an additional 213,104 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Windstream Holdings by 8.2% during the second quarter. Voya Investment Management LLC now owns 88,209 shares of the company’s stock worth $342,000 after acquiring an additional 6,692 shares in the last quarter.

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In other news, Director Anthony W. Thomas acquired 25,381 shares of Windstream Holdings stock in a transaction on Thursday, August 17th. The stock was acquired at an average cost of $1.97 per share, for a total transaction of $50,000.57. Following the purchase, the director now owns 637,006 shares in the company, valued at $1,254,901.82. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 price of $2.10 per share, with a total value of $142,800.00. Following the completion of the purchase, the director now owns 157,971 shares in the company, valued at approximately $331,739.10. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 95,381 shares of company stock valued at $196,901.

WIN has been the subject of several recent research reports. Jefferies Group LLC reissued a “hold” rating and set a $2.50 target price on shares of Windstream Holdings in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Windstream Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. decreased their target price 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. BidaskClub downgraded shares of Windstream Holdings from a “sell” rating to a “strong sell” rating in a research report on Friday, September 22nd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $5.00 target price (down from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Windstream Holdings has an average rating of “Hold” and a consensus target price of $4.27.

Shares of Windstream Holdings Inc (WIN) traded down 6.25% during midday trading on Friday, reaching $1.95. 3,333,980 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $1.99 and a 200-day moving average of $3.80. The stock’s market capitalization is $372.11 million. Windstream Holdings Inc has a 12-month low of $1.73 and a 12-month high of $8.88.

Windstream Holdings (NYSE:WIN) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.37) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.08. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 earnings per share. Analysts anticipate that Windstream Holdings Inc will post ($2.06) EPS for the current fiscal year.

Windstream Holdings announced that its board has authorized a share repurchase plan on Thursday, August 3rd that permits the company to buyback $90.00 million in shares. This buyback authorization permits the company to purchase up to 19.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Windstream Holdings 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.

Institutional Ownership by Quarter for Windstream Holdings (NYSE:WIN)

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