Windstream Holdings’ (NYSE:WIN) “Hold” Rating Reaffirmed at Jefferies Group LLC

Windstream Holdings Inc (NYSE:WIN)‘s stock had its “hold” rating reissued by analysts at Jefferies Group LLC in a research note issued on Wednesday, August 9th. They presently have a $2.50 target price on the stock, down from their previous target price of $5.00. Jefferies Group LLC’s price target suggests a potential upside of 26.26% from the company’s current price.

Several other equities research analysts have also recently issued reports on WIN. Morgan Stanley reissued an “equal weight” rating and set a $5.00 target price (down previously from $9.00) on shares of Windstream Holdings in a research note on Wednesday, June 14th. Zacks Investment Research raised Windstream Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Deutsche Bank AG cut their target price on Windstream Holdings from $7.00 to $3.00 and set a “hold” rating for the company in a research note on Tuesday, August 8th. Citigroup Inc. cut their target price on Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, July 13th. Finally, Raymond James Financial, Inc. raised Windstream Holdings from an “underperform” rating to an “outperform” rating and set a $5.25 target price for the company in a research note on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Windstream Holdings has an average rating of “Hold” and a consensus price target of $4.89.

Windstream Holdings (NYSE WIN) traded up 3.13% during trading on Wednesday, hitting $1.98. The stock had a trading volume of 4,738,544 shares. Windstream Holdings has a 12 month low of $1.87 and a 12 month high of $10.46. The company’s 50 day moving average is $3.23 and its 200-day moving average is $5.04. The company’s market cap is $377.84 million.

Windstream Holdings (NYSE:WIN) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.08. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $0.01 EPS. Windstream Holdings’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that Windstream Holdings will post ($1.98) earnings per share for the current year.

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

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In other Windstream Holdings news, Director Alan L. Wells purchased 68,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was bought at an average cost of $2.10 per share, with a total value of $142,800.00. Following the acquisition, the director now directly owns 157,971 shares of the company’s stock, valued at $331,739.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony W. Thomas purchased 25,381 shares of the firm’s stock in a transaction on 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 acquisition, 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. Over the last quarter, insiders purchased 95,381 shares of company stock valued at $196,901.

Hedge funds have recently made changes to their positions in the company. Lapides Asset Management LLC increased its stake in shares of Windstream Holdings by 45.5% in the second quarter. Lapides Asset Management LLC now owns 26,232 shares of the company’s stock worth $102,000 after buying an additional 8,200 shares during the period. Fox Run Management L.L.C. purchased a new stake in Windstream Holdings during the first quarter worth approximately $105,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Windstream Holdings during the first quarter valued at about $114,000. Cubist Systematic Strategies LLC boosted its position in shares of Windstream Holdings by 175.5% in the second quarter. Cubist Systematic Strategies LLC now owns 29,780 shares of the company’s stock valued at $116,000 after buying an additional 18,969 shares during the period. Finally, Stevens Capital Management LP bought a new position in shares of Windstream Holdings during the first quarter valued at about $117,000.

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.

Analyst Recommendations for Windstream Holdings (NYSE:WIN)

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