Windstream Holdings Inc (WIN) Rating Reiterated by Jefferies Group LLC
Windstream Holdings Inc (NYSE:WIN)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group LLC in a report issued on Thursday. They presently have a $2.50 price target on the stock. Jefferies Group LLC’s price target would suggest a potential upside of 16.28% from the stock’s current price.
Several other brokerages have also recently issued reports on WIN. Morgan Stanley reissued an “equal weight” rating and issued a $5.00 target price (down from $9.00) on shares of Windstream Holdings in a research report on Wednesday, June 14th. Raymond James Financial, Inc. raised Windstream Holdings from an “underperform” rating to an “outperform” rating and set a $5.25 target price on the stock in a research report on Wednesday, May 17th. Zacks Investment Research cut Windstream Holdings from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. dropped their target price on Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, July 13th. Finally, Bank of America Corporation cut Windstream Holdings from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $8.00 to $3.00 in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.65.
Windstream Holdings (NYSE WIN) traded down 2.71% during mid-day trading on Thursday, reaching $2.15. 4,395,126 shares of the company traded hands. Windstream Holdings has a 12-month low of $1.87 and a 12-month high of $10.45. The stock’s market capitalization is $410.28 million. The company’s 50-day moving average is $2.62 and its 200-day moving average is $4.54.
Windstream Holdings (NYSE:WIN) last announced its earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.08. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share. Equities analysts predict that Windstream Holdings will post ($1.98) earnings per share for the current fiscal year.
Windstream Holdings declared that its board has approved a stock repurchase program on Thursday, August 3rd that authorizes the company to repurchase $90.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 19.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.
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In other Windstream Holdings news, Director Alan L. Wells bought 68,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average price of $2.10 per share, with a total value of $142,800.00. Following the purchase, the director now owns 157,971 shares of the company’s stock, valued at $331,739.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony W. Thomas bought 25,381 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $1.97 per share, for a total transaction of $50,000.57. Following the purchase, the director now directly owns 637,006 shares in the company, valued at approximately $1,254,901.82. The disclosure for this purchase can be found here. Insiders bought 95,381 shares of company stock worth $196,901 in the last ninety days.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. United Capital Financial Advisers LLC raised its stake in Windstream Holdings by 0.5% during the 1st quarter. United Capital Financial Advisers LLC now owns 22,981 shares of the company’s stock valued at $125,000 after purchasing an additional 110 shares during the period. BNP Paribas Arbitrage SA raised its stake in Windstream Holdings by 2.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 46,347 shares of the company’s stock valued at $180,000 after purchasing an additional 1,257 shares during the period. Nisa Investment Advisors LLC raised its stake in Windstream Holdings by 11.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 27,392 shares of the company’s stock valued at $149,000 after purchasing an additional 2,726 shares during the period. Isthmus Partners LLC raised its stake in Windstream Holdings by 2.7% during the 1st quarter. Isthmus Partners LLC now owns 106,730 shares of the company’s stock valued at $582,000 after purchasing an additional 2,837 shares during the period. Finally, Menta Capital LLC raised its stake in Windstream Holdings by 1.3% during the 2nd quarter. Menta Capital LLC now owns 310,359 shares of the company’s stock valued at $1,204,000 after purchasing an additional 3,916 shares during the period.
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.
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