Windstream Holdings Inc (NYSE:WIN) Director Alan L. Wells bought 68,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average price of $2.10 per share, with a total value of $142,800.00. Following the completion of the acquisition, the director now owns 157,971 shares of the company’s stock, valued at approximately $331,739.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Windstream Holdings Inc (WIN) traded down 3.79% during trading on Friday, reaching $2.03. 4,561,763 shares of the company were exchanged. The company’s 50-day moving average price is $3.53 and its 200-day moving average price is $5.26. Windstream Holdings Inc has a 1-year low of $2.00 and a 1-year high of $10.46. The stock’s market capitalization is $387.38 million.

Windstream Holdings (NYSE:WIN) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.08. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted $0.01 EPS. Windstream Holdings’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts forecast that Windstream Holdings Inc will post ($2.03) EPS for the current year.

Windstream Holdings announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 3rd that allows the company to repurchase $90.00 million in shares. This repurchase authorization allows the company to buy up to 19.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Windstream Holdings by 90.4% in the first quarter. Vanguard Group Inc. now owns 29,720,851 shares of the company’s stock valued at $161,979,000 after buying an additional 14,107,517 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Windstream Holdings by 61,577.1% in the first quarter. BlackRock Inc. now owns 19,160,595 shares of the company’s stock valued at $104,426,000 after buying an additional 19,129,529 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Windstream Holdings by 137.1% in the first quarter. Renaissance Technologies LLC now owns 10,854,236 shares of the company’s stock valued at $59,156,000 after buying an additional 6,276,636 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Windstream Holdings by 278.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,373,705 shares of the company’s stock valued at $29,286,000 after buying an additional 3,953,429 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Windstream Holdings by 61.1% in the first quarter. JPMorgan Chase & Co. now owns 5,334,858 shares of the company’s stock valued at $29,076,000 after buying an additional 2,023,641 shares during the last quarter.

A number of analysts have recently weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $5.00 target price (down from $9.00) on shares of Windstream Holdings in a report on Wednesday, June 14th. Raymond James Financial, Inc. upgraded shares of Windstream Holdings from an “underperform” rating to an “outperform” rating and set a $5.25 target price for the company in a report on Wednesday, May 17th. Zacks Investment Research lowered shares of Windstream Holdings from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Citigroup Inc. dropped their target price on shares of Windstream Holdings from $5.25 to $4.00 and set a “neutral” rating for the company in a report on Thursday, July 13th. Finally, Bank of America Corporation lowered shares of 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 report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.30.

About Windstream Holdings

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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