Insider Selling: Windstream Holdings SVP Sells 21,772 Shares of Stock (WIN)
Windstream Holdings (NASDAQ:WIN) SVP Eric N. Einhorn unloaded 21,772 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $11.26, for a total transaction of $245,152.72. Following the completion of the sale, the senior vice president now directly owns 47,620 shares in the company, valued at approximately $536,201. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on WIN shares. Analysts at Goldman Sachs reiterated a “sell” rating on shares of Windstream Holdings in a research note on Tuesday. Separately, analysts at DA Davidson downgraded shares of Windstream Holdings from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 20th. They now have a $11.75 price target on the stock, down previously from $14.50. They noted that the move was a valuation call. Finally, 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. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. Windstream Holdings presently has an average rating of “Hold” and an average target price of $11.18.
Shares of Windstream Holdings (NASDAQ:WIN) traded down 2.21% during mid-day trading on Tuesday, hitting $11.06. 9,370,540 shares of the company’s stock traded hands. Windstream Holdings has a one year low of $7.18 and a one year high of $13.30. The stock has a 50-day moving average of $10.99 and a 200-day moving average of $9.47. The company has a market cap of $6.666 billion and a P/E ratio of 38.47. Windstream Holdings also saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 63,255,565 shares, a decrease of 27.7% from the July 31st total of 87,435,092 shares. Approximately 10.6% of the shares of the company are short sold. Based on an average daily trading volume, of 8,305,620 shares, the days-to-cover ratio is currently 7.6 days.
Windstream Holdings (NASDAQ:WIN) last posted its quarterly earnings results 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 $0.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.84%. The ex-dividend date is Friday, September 26th.
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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