Personal Capital Advisors Corp lowered its stake in shares of Windstream Holdings Inc (NYSE:WIN) by 11.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,689,005 shares of the company’s stock after selling 220,335 shares during the period. Personal Capital Advisors Corp owned approximately 0.89% of Windstream Holdings worth $6,553,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Paragon Capital Management Ltd acquired a new position in Windstream Holdings during the first quarter valued at $245,000. Russell Investments Group Ltd. acquired a new position in Windstream Holdings during the fourth quarter valued at $120,000. Fox Run Management L.L.C. acquired a new position in Windstream Holdings during the first quarter valued at $105,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Windstream Holdings during the first quarter valued at $114,000. Finally, Stevens Capital Management LP acquired a new position in Windstream Holdings during the first quarter valued at $117,000.
Windstream Holdings Inc (NYSE WIN) traded down 2.36% during mid-day trading on Tuesday, hitting $2.07. The stock had a trading volume of 7,506,597 shares. Windstream Holdings Inc has a 52 week low of $2.07 and a 52 week high of $10.46. The company’s market capitalization is $394.32 million. The stock’s 50-day moving average is $3.84 and its 200 day moving average is $5.47.
Windstream Holdings (NYSE:WIN) last released its earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.08. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Windstream Holdings’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.01 EPS. Equities analysts forecast that Windstream Holdings Inc will post ($1.85) earnings per share for the current fiscal year.
Windstream Holdings announced that its board has initiated a share repurchase plan 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 plans are usually an indication that the company’s board believes its shares are undervalued.
Several research firms recently weighed in on WIN. Deutsche Bank AG dropped their price target on Windstream Holdings from $7.00 to $3.00 and set a “hold” rating on the stock in a research report on Tuesday. Zacks Investment Research raised Windstream Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday. Bank of America Corporation lowered Windstream Holdings from a “buy” rating to an “underperform” rating and set a $3.00 target price on the stock. in a research report on Friday. 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, Morgan Stanley reaffirmed 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. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Windstream Holdings presently has a consensus rating of “Hold” and an average price target of $5.75.
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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