Insider Selling: Dennis Foster Sells 47,632 Shares of Windstream Holdings Stock (WIN)
Windstream Holdings (NASDAQ:WIN) Director Dennis Foster sold 47,632 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $11.17, for a total value of $532,049.44. Following the completion of the sale, the director now directly owns 250,140 shares of the company’s stock, valued at approximately $2,794,064. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Windstream Holdings (NASDAQ:WIN) traded up 0.13% on Tuesday, hitting $11.305. 2,261,660 shares of the company’s stock traded hands. Windstream Holdings has a 52-week low of $7.18 and a 52-week high of $13.30. The stock has a 50-day moving average of $10.49 and a 200-day moving average of $9.11. The company has a market cap of $6.813 billion and a price-to-earnings ratio of 38.40.
Windstream Holdings (NASDAQ:WIN) last released its earnings data on Thursday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Analysts expect that Windstream Holdings will post $0.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 8.86%. The ex-dividend date of this dividend is Friday, September 26th.
WIN has been the subject of a number of recent research reports. Analysts at Davidson raised their price target on shares of Windstream Holdings from $9.00 to $14.50 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Windstream Holdings in a research note on Wednesday, July 30th. They now have a $12.00 price target on the stock, up previously from $9.50. Finally, analysts at DA Davidson upgraded shares of Windstream Holdings from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 30th. They now have a $14.50 price target on the stock, up previously from $9.00. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $11.57.
Windstream Corporation (NASDAQ:WIN) is a provider of advanced communications and technology solutions, including managed services and cloud computing, to businesses nationwide.
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