Short Interest in Windstream Holdings, Inc. (WIN) Grows By 6.9%

Windstream Holdings, Inc. (NASDAQ:WIN) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 30,199,397 shares, a growth of 6.9% from the November 30th total of 28,239,121 shares. Based on an average trading volume of 3,935,513 shares, the days-to-cover ratio is presently 7.7 days. Approximately 16.8% of the company’s shares are sold short.

Windstream (NASDAQ WIN) opened at $1.85 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 20.24. Windstream has a one year low of $1.73 and a one year high of $8.35. The firm has a market cap of $338.37, a P/E ratio of -0.67 and a beta of 0.30.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System lifted its stake in Windstream by 43.5% in the third quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock valued at $2,978,000 after buying an additional 509,970 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Windstream by 287.1% in the third quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock worth $204,000 after purchasing an additional 85,500 shares in the last quarter. Magnetar Financial LLC lifted its position in shares of Windstream by 192.6% in the third quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock worth $314,000 after purchasing an additional 116,767 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of Windstream by 22.6% in the third quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock worth $4,154,000 after purchasing an additional 433,134 shares in the last quarter. 66.27% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. BidaskClub lowered shares of Windstream from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine lowered shares of Windstream from a “sell” rating to a “strong sell” rating in a research note on Monday, October 2nd. 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 objective on the stock. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $3.00 price target on shares of Windstream in a research note on Friday, November 24th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Windstream currently has a consensus rating of “Hold” and an average target price of $2.25.

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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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