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.
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.
Receive News & Ratings for Windstream Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Windstream Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.