Short Interest in Windstream Holdings Decreases By 27.7% (WIN)
Shares of Windstream Holdings (NASDAQ:WIN) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 63,255,565 shares, a decline of 27.7% from the July 31st total of 87,435,092 shares, Stock Ratings Network reports. Approximately 10.6% of the company’s shares are short sold. Based on an average daily volume of 8,305,620 shares, the days-to-cover ratio is currently 7.6 days.
A number of analysts have recently weighed in on WIN shares. 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. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Windstream Holdings presently has a consensus rating of “Hold” and a consensus price target of $11.18.
Shares of Windstream Holdings (NASDAQ:WIN) opened at 11.31 on Tuesday. Windstream Holdings has a 1-year low of $7.18 and a 1-year high of $13.30. The stock’s 50-day moving average is $10.99 and its 200-day moving average is $9.47. The company has a market cap of $6.816 billion and a P/E ratio of 38.54.
Windstream Holdings (NASDAQ:WIN) last announced its earnings results on Thursday, August 7th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters 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 last year, the company posted $0.07 earnings per share. Windstream Holdings’s revenue was down 2.4% compared to the same quarter last year. 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.