BNP Paribas Arbitrage SA increased its stake in shares of Windstream Holdings Inc (NYSE:WIN) by 18.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,090 shares of the company’s stock after buying an additional 7,084 shares during the period. BNP Paribas Arbitrage SA’s holdings in Windstream Holdings were worth $246,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Credit Agricole S A bought a new position in Windstream Holdings during the fourth quarter valued at approximately $164,000. Two Sigma Investments LP raised its position in Windstream Holdings by 2,297.8% in the fourth quarter. Two Sigma Investments LP now owns 834,741 shares of the company’s stock valued at $6,119,000 after buying an additional 799,928 shares during the period. Fox Run Management L.L.C. bought a new position in Windstream Holdings during the first quarter valued at approximately $105,000. Personal Capital Advisors Corp raised its position in Windstream Holdings by 19.2% in the first quarter. Personal Capital Advisors Corp now owns 1,909,340 shares of the company’s stock valued at $10,119,000 after buying an additional 307,534 shares during the period. Finally, Trexquant Investment LP bought a new position in Windstream Holdings during the fourth quarter valued at approximately $130,000.
Shares of Windstream Holdings Inc (WIN) opened at 4.54 on Friday. The stock’s 50 day moving average price is $4.66 and its 200 day moving average price is $6.38. Windstream Holdings Inc has a 52 week low of $4.20 and a 52 week high of $10.45. The firm’s market capitalization is $864.84 million.
Windstream Holdings (NYSE:WIN) last released its earnings results on Thursday, May 4th. The company reported ($0.89) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.34) by $0.55. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Windstream Holdings’s revenue was down 7.1% on a year-over-year basis. During the same period last year, the company posted ($2.52) earnings per share. On average, analysts predict that Windstream Holdings Inc will post ($1.98) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a dividend of $0.15 per share. This is a positive change from Windstream Holdings’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 13.22%.
WIN has been the topic of several research reports. Deutsche Bank AG cut their price objective on Windstream Holdings from $8.50 to $7.00 and set a “hold” rating on the stock in a research report on Tuesday, March 14th. Zacks Investment Research lowered Windstream Holdings from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 6th. J P Morgan Chase & Co initiated coverage on Windstream Holdings in a research report on Wednesday, March 15th. They issued a “neutral” rating and a $7.00 price objective on the stock. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and issued a $4.50 price objective on shares of Windstream Holdings in a research report on Wednesday, March 22nd. Finally, Citigroup Inc. cut their price objective on Windstream Holdings from $8.50 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.75.
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