Windstream Holdings, Inc. (NASDAQ:WIN) – Stock analysts at Jefferies Group issued their FY2019 EPS estimates for shares of Windstream Holdings in a note issued to investors on Friday. Jefferies Group analyst S. Goldman anticipates that the technology company will post earnings per share of ($1.30) for the year.
Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Windstream Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, October 2nd. BidaskClub upgraded shares of Windstream Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 31st.
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Windstream Holdings (NASDAQ:WIN) traded down $0.10 during mid-day trading on Monday, reaching $2.04. 5,429,400 shares of the company’s stock were exchanged, compared to its average volume of 3,580,032. Windstream Holdings has a 12 month low of $1.73 and a 12 month high of $8.35. The company has a debt-to-equity ratio of 20.24, a current ratio of 0.77 and a quick ratio of 0.70.
An institutional investor recently raised its position in Windstream Holdings stock. Magnetar Financial LLC lifted its holdings in shares of Windstream Holdings, Inc. (NASDAQ:WIN) by 192.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 177,379 shares of the technology company’s stock after acquiring an additional 116,767 shares during the period. Magnetar Financial LLC owned approximately 0.10% of Windstream Holdings worth $314,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 62.89% of the company’s stock.
Windstream Holdings declared that its Board of Directors has initiated a stock repurchase plan on Thursday, August 3rd that permits the company to buyback $90.00 million in shares. This buyback authorization permits the technology 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 leadership believes its stock is undervalued.
About Windstream Holdings
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.
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