Windstream Holdings Inc (WIN) Stake Lessened by Millennium Management LLC

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Millennium Management LLC cut its holdings in shares of Windstream Holdings Inc (NASDAQ:WIN) by 72.5% during the second quarter, HoldingsChannel reports. The firm owned 1,186,638 shares of the technology company’s stock after selling 3,131,950 shares during the period. Millennium Management LLC’s holdings in Windstream were worth $6,254,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Windstream by 1,151.7% during the first quarter. JPMorgan Chase & Co. now owns 6,228,135 shares of the technology company’s stock worth $8,781,000 after purchasing an additional 5,730,564 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Windstream by 19.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 2,029,154 shares of the technology company’s stock valued at $2,862,000 after buying an additional 326,356 shares during the last quarter. Swiss National Bank grew its holdings in shares of Windstream by 12.2% during the first quarter. Swiss National Bank now owns 347,704 shares of the technology company’s stock valued at $490,000 after buying an additional 37,800 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Windstream during the second quarter valued at $1,086,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of Windstream by 133.2% during the first quarter. Allianz Asset Management GmbH now owns 197,598 shares of the technology company’s stock valued at $279,000 after buying an additional 112,870 shares during the last quarter. 60.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of WIN opened at $4.13 on Friday. The firm has a market cap of $210.40 million, a PE ratio of -0.51 and a beta of -0.06. The company has a debt-to-equity ratio of -7.40, a quick ratio of 0.63 and a current ratio of 0.70. Windstream Holdings Inc has a 1-year low of $3.03 and a 1-year high of $13.65.

Windstream (NASDAQ:WIN) last announced its quarterly earnings data on Thursday, August 9th. The technology company reported ($2.30) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.66) by $0.36. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm earned ($1.85) earnings per share. Windstream’s quarterly revenue was down 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Windstream Holdings Inc will post -9.17 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Windstream from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research lowered shares of Windstream from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Bank of America dropped their price objective on shares of Windstream from $7.50 to $4.50 and set an “underperform” rating on the stock in a report on Monday, August 13th. Cowen reissued a “buy” rating and set a $8.00 price objective on shares of Windstream in a report on Friday, August 10th. Finally, Citigroup lowered shares of Windstream from a “neutral” rating to a “sell” rating and set a $2.25 price objective on the stock. in a report on Wednesday, July 18th. Seven investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.98.

About Windstream

Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up.

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Want to see what other hedge funds are holding WIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Windstream Holdings Inc (NASDAQ:WIN).

Institutional Ownership by Quarter for Windstream (NASDAQ:WIN)

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