BlackRock Fund Advisors lowered its stake in shares of Windstream Holdings Inc. (NASDAQ:WIN) by 19.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,292,404 shares of the company’s stock after selling 1,027,059 shares during the period. BlackRock Fund Advisors owned 4.69% of Windstream Holdings worth $32,966,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Windstream Holdings by 74.4% in the first quarter. BlackRock Inc. now owns 13,955 shares of the company’s stock valued at $107,000 after buying an additional 5,952 shares in the last quarter. Teachers Advisors Inc. boosted its stake in Windstream Holdings by 0.3% in the first quarter. Teachers Advisors Inc. now owns 182,913 shares of the company’s stock valued at $1,405,000 after buying an additional 505 shares in the last quarter. California State Teachers Retirement System bought a new stake in Windstream Holdings during the fourth quarter valued at about $1,203,000. Bridgeway Capital Management Inc. bought a new stake in Windstream Holdings during the fourth quarter valued at about $2,988,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Windstream Holdings by 17.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 565,804 shares of the company’s stock valued at $3,644,000 after buying an additional 83,760 shares in the last quarter.
Windstream Holdings Inc. (NASDAQ:WIN) traded down 0.32% on Wednesday, hitting $9.26. 770,887 shares of the stock were exchanged. Windstream Holdings Inc. has a one year low of $4.64 and a one year high of $9.74. The company’s 50 day moving average price is $9.15 and its 200-day moving average price is $7.82. The company’s market cap is $891.83 million.
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a $0.15 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $0.60 annualized dividend and a yield of 6.48%.
WIN has been the topic of several research analyst reports. Zacks Investment Research cut shares of Windstream Holdings from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 9th. Morgan Stanley reissued an “equal weight” rating and issued a $7.00 target price on shares of Windstream Holdings in a research report on Friday, April 1st. Citigroup Inc. reissued a “neutral” rating on shares of Windstream Holdings in a research report on Tuesday, July 5th. Finally, Deutsche Bank AG raised their target price on shares of Windstream Holdings from $6.00 to $6.50 and gave the stock a “hold” rating in a research report on Tuesday, April 12th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $6.55.
Windstream Corporation (Windstream) is a provider of advanced communications and technology solutions, including managed services and cloud computing, to businesses nationwide. In addition to business services, the Company offers broadband, voice and video services to consumers in primarily rural markets.
