An issue of Windstream Holdings Inc (NYSE:WIN) bonds fell 1% against their face value during trading on Friday. The high-yield issue of debt has a 7.5% coupon and is set to mature on June 1, 2022. The debt is now trading at $96.00 and was trading at $98.25 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.
Several analysts recently weighed in on WIN shares. Zacks Investment Research raised shares of Windstream Holdings from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Wednesday, January 11th. Deutsche Bank AG cut their price objective on shares of Windstream Holdings from $8.50 to $7.00 and set a “hold” rating on the stock in a report on Tuesday, March 14th. Jefferies Group LLC raised shares of Windstream Holdings from an “underperform” rating to a “hold” rating and set a $7.50 price objective on the stock in a report on Thursday, March 2nd. Citigroup Inc cut their price objective on shares of Windstream Holdings from $8.50 to $7.00 and set a “neutral” rating on the stock in a report on Monday, March 20th. Finally, JPMorgan Chase & Co. started coverage on shares of Windstream Holdings in a report on Wednesday, March 15th. They set a “neutral” rating and a $7.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Windstream Holdings has an average rating of “Hold” and a consensus price target of $7.21.
Shares of Windstream Holdings Inc (NYSE:WIN) traded down 0.18% during trading on Friday, hitting $5.61. 1,488,084 shares of the stock were exchanged. Windstream Holdings Inc has a one year low of $5.16 and a one year high of $10.46. The stock’s market cap is $545.79 million. The stock’s 50 day moving average price is $5.90 and its 200 day moving average price is $7.26.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.70%.
Several large investors have recently made changes to their positions in WIN. Creative Planning boosted its stake in shares of Windstream Holdings by 4.0% in the third quarter. Creative Planning now owns 10,269 shares of the company’s stock worth $103,000 after buying an additional 397 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Windstream Holdings during the first quarter worth approximately $105,000. Two Sigma Securities LLC bought a new stake in shares of Windstream Holdings during the third quarter worth approximately $120,000. Russell Investments Group Ltd. bought a new stake in shares of Windstream Holdings during the fourth quarter worth approximately $120,000. Finally, Trexquant Investment LP bought a new stake in shares of Windstream Holdings during the fourth quarter worth approximately $130,000.
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