Gamco Investors INC. ET AL reduced its position in shares of Windstream Holdings, Inc. (NYSE:WIN) by 16.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 537,690 shares of the company’s stock after selling 107,726 shares during the period. Gamco Investors INC. ET AL owned 0.28% of Windstream Holdings worth $952,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its holdings in shares of Windstream Holdings by 2.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 46,347 shares of the company’s stock worth $180,000 after buying an additional 1,257 shares during the period. Menta Capital LLC boosted its holdings in shares of Windstream Holdings by 1.3% during the 2nd quarter. Menta Capital LLC now owns 310,359 shares of the company’s stock worth $1,204,000 after buying an additional 3,916 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Windstream Holdings by 11.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 52,448 shares of the company’s stock worth $204,000 after buying an additional 5,536 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Windstream Holdings by 8.2% during the 2nd quarter. Voya Investment Management LLC now owns 88,209 shares of the company’s stock worth $342,000 after buying an additional 6,692 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Windstream Holdings by 37.4% during the 1st quarter. Principal Financial Group Inc. now owns 27,144 shares of the company’s stock worth $148,000 after buying an additional 7,394 shares during the period.
Several research firms recently commented on WIN. Citigroup Inc. cut their target price on shares of Windstream Holdings from $2.75 to $2.25 and set a “neutral” rating for the company in a research note on Friday, November 10th. BidaskClub cut shares of Windstream Holdings from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Cowen and Company reiterated a “buy” rating on shares of Windstream Holdings in a research note on Thursday, October 19th. Zacks Investment Research cut shares of Windstream Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $2.50 target price on shares of Windstream Holdings in a research note on Thursday, September 7th. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $3.42.
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In other Windstream Holdings news, Director Anthony W. Thomas acquired 25,381 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $1.97 per share, for a total transaction of $50,000.57. Following the purchase, the director now owns 637,006 shares in the company, valued at approximately $1,254,901.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Windstream Holdings, Inc. (NYSE WIN) opened at $2.12 on Wednesday.
Windstream Holdings (NYSE:WIN) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.15). The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company posted ($0.72) EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis.
Windstream Holdings declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 3rd that allows the company to repurchase $90.00 million in shares. This repurchase authorization allows the company to reacquire up to 19.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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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