Windstream (WIN) Debt Trading 2.6% Lower

An issue of Windstream Holdings, Inc. (NASDAQ:WIN) bonds fell 2.6% as a percentage of their face value during trading on Tuesday. The high-yield debt issue has a 8.75% coupon and is set to mature on December 15, 2024. The debt is now trading at $63.00 and was trading at $69.75 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its share price.

WIN has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Windstream from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. BidaskClub raised shares of Windstream from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Canaccord Genuity reissued a “buy” rating and set a $3.00 price objective on shares of Windstream in a research report on Monday, December 4th. Barclays began coverage on shares of Windstream in a research report on Friday, December 15th. They set an “underweight” rating and a $1.50 price objective on the stock. Finally, JPMorgan Chase & Co. cut shares of Windstream from a “neutral” rating to an “underweight” rating in a research report on Tuesday, January 2nd. Six analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. Windstream presently has an average rating of “Sell” and a consensus target price of $2.25.

Windstream Holdings, Inc. (NASDAQ WIN) opened at $1.47 on Thursday. The stock has a market cap of $270.70, a PE ratio of -0.53 and a beta of 0.04. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 20.24. Windstream Holdings, Inc. has a 1 year low of $1.28 and a 1 year high of $7.93.

Several hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP raised its holdings in shares of Windstream by 17.7% in the 4th quarter. Royce & Associates LP now owns 2,762,415 shares of the technology company’s stock worth $5,110,000 after acquiring an additional 415,663 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Windstream by 38.0% in the 4th quarter. California Public Employees Retirement System now owns 2,322,351 shares of the technology company’s stock worth $4,296,000 after acquiring an additional 639,627 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Windstream by 11.9% in the 4th quarter. Teachers Advisors LLC now owns 2,066,787 shares of the technology company’s stock worth $3,824,000 after acquiring an additional 219,053 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Windstream by 20.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,702,798 shares of the technology company’s stock worth $3,151,000 after acquiring an additional 289,748 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Windstream by 148.1% in the 4th quarter. Wells Fargo & Company MN now owns 652,756 shares of the technology company’s stock worth $1,208,000 after acquiring an additional 389,632 shares during the last quarter. 66.27% of the stock is currently owned by institutional investors.

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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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