Windstream (WIN) Bond Prices Rise 0.8%

An issue of Windstream Holdings, Inc. (NASDAQ:WIN) bonds rose 0.8% against their face value during trading on Wednesday. The debt issue has a 8.625% coupon and is set to mature on October 31, 2025. The debt is now trading at $97.50 and was trading at $96.25 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

A number of equities research analysts recently issued reports on the stock. Barclays assumed coverage on shares of Windstream in a research note on Friday, December 15th. They set an “underweight” rating and a $1.50 price target on the stock. BidaskClub downgraded shares of Windstream from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Canaccord Genuity reaffirmed a “buy” rating and set a $3.00 price target on shares of Windstream in a research note on Monday, December 4th. Finally, ValuEngine downgraded shares of Windstream from a “sell” rating to a “strong sell” rating in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $2.25.

Windstream Holdings, Inc. (NASDAQ:WIN) traded up $0.01 during midday trading on Wednesday, hitting $1.90. 2,335,372 shares of the stock were exchanged, compared to its average volume of 3,550,660. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 20.24. The company has a market capitalization of $353.01, a PE ratio of -0.69 and a beta of 0.30. Windstream Holdings, Inc. has a 12-month low of $1.73 and a 12-month high of $8.35.

Several hedge funds and other institutional investors have recently bought and sold shares of WIN. California Public Employees Retirement System grew its holdings in Windstream by 43.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock worth $2,978,000 after acquiring an additional 509,970 shares in the last quarter. Royce & Associates LP grew its holdings in Windstream by 22.6% during the 3rd quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock worth $4,154,000 after acquiring an additional 433,134 shares in the last quarter. Magnetar Financial LLC grew its holdings in Windstream by 192.6% during the 3rd quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock worth $314,000 after acquiring an additional 116,767 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Windstream by 287.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock worth $204,000 after acquiring an additional 85,500 shares in the last quarter. Hedge funds and other institutional investors own 66.27% of the company’s stock.

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Windstream Company Profile

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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