Sequoia Financial Advisors LLC acquired a new position in shares of Windstream Holdings Inc (NYSE:WIN) during the second quarter, Holdings Channel reports. The institutional investor acquired 20,322 shares of the company’s stock, valued at approximately $188,000.
Separately, Bank of Montreal Can bought a new stake in shares of Windstream Holdings during the second quarter worth about $250,000.
Shares of Windstream Holdings Inc (NYSE:WIN) traded down 0.71% on Friday, reaching $8.38. The company had a trading volume of 1,054,681 shares. The company’s 50 day moving average price is $9.21 and its 200-day moving average price is $8.81. Windstream Holdings Inc has a 1-year low of $4.75 and a 1-year high of $10.46. The stock’s market capitalization is $806.69 million.
Windstream Holdings (NYSE:WIN) last issued its earnings results on Thursday, August 4th. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.36. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.13) earnings per share. Equities analysts predict that Windstream Holdings Inc will post $0.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.16%. The ex-dividend date is Wednesday, September 28th.
A number of brokerages have issued reports on WIN. Zacks Investment Research upgraded Windstream Holdings from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, July 12th. Citigroup Inc. reiterated a “neutral” rating and issued a $10.00 price target on shares of Windstream Holdings in a report on Tuesday, July 5th. Cowen and Company assumed coverage on Windstream Holdings in a report on Thursday. They issued a “market perform” rating and a $9.00 price target on the stock. Jefferies Group increased their price target on Windstream Holdings from $4.00 to $6.00 and gave the stock an “underperform” rating in a report on Friday, July 15th. Finally, Raymond James Financial Inc. reiterated an “underperform” rating on shares of Windstream Holdings in a report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $8.63.