PineView Asset Management LP increased its holdings in shares of Windstream Holdings Inc (NYSE:WIN) by 263.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,091,757 shares of the company’s stock after acquiring an additional 791,517 shares during the period. Windstream Holdings comprises about 1.2% of PineView Asset Management LP’s investment portfolio, making the stock its 14th biggest position. PineView Asset Management LP owned 0.57% of Windstream Holdings worth $4,236,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in WIN. BlackRock Inc. boosted its position in 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 in the last quarter. Vanguard Group Inc. raised 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 worth $161,979,000 after acquiring an additional 14,107,517 shares during the last quarter. Renaissance Technologies LLC raised 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 worth $59,156,000 after acquiring an additional 6,276,636 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Windstream Holdings by 278.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,373,705 shares of the company’s stock worth $29,286,000 after buying an additional 3,953,429 shares during the last quarter. Finally, UBS Oconnor LLC bought a new stake in shares of Windstream Holdings during the first quarter worth approximately $15,887,000.
Shares of Windstream Holdings Inc (NYSE WIN) traded down 0.50% during trading on Tuesday, hitting $1.99. 1,125,703 shares of the stock traded hands. Windstream Holdings Inc has a 1-year low of $1.73 and a 1-year high of $8.55. The stock has a 50 day moving average price of $2.00 and a 200-day moving average price of $3.64. The stock’s market cap is $379.75 million.
Windstream Holdings (NYSE:WIN) last announced its earnings results on Thursday, August 3rd. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.08. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.50 billion. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 earnings per share. Equities analysts forecast that Windstream Holdings Inc will post ($2.06) EPS for the current year.
Windstream Holdings declared that its Board of Directors has initiated a stock buyback plan on Thursday, August 3rd that allows the company to buyback $90.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 19.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts recently weighed in on WIN shares. Zacks Investment Research raised shares of Windstream Holdings from a “sell” rating to a “buy” rating and set a $2.25 price target for the company in a research note on Thursday, October 12th. Morgan Stanley reissued an “equal weight” rating and set a $2.40 price target (down from $5.00) on shares of Windstream Holdings in a research note on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $2.50 target price on shares of Windstream Holdings in a research note on Thursday, September 7th. BidaskClub raised shares of Windstream Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Deutsche Bank AG lowered their target price on shares of Windstream Holdings from $7.00 to $3.00 and set a “hold” rating for the company in a research note on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.08.
In other Windstream Holdings news, Director Alan L. Wells bought 68,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average price of $2.10 per share, with a total value of $142,800.00. Following the purchase, the director now owns 157,971 shares of the company’s stock, valued at $331,739.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony W. Thomas acquired 25,381 shares of Windstream Holdings stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost 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 $1,254,901.82. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 95,381 shares of company stock worth $196,901.
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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