An issue of Windstream Holdings Inc (NASDAQ:WIN) debt fell 1.3% against its face value during trading on Friday. The high-yield issue of debt has a 9% coupon and will mature on June 30, 2025. The debt is now trading at $69.25 and was trading at $72.50 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its stock price.
A number of brokerages have recently weighed in on WIN. Zacks Investment Research downgraded Windstream from a “buy” rating to a “hold” rating in a report on Monday, August 6th. Morgan Stanley upped their target price on Windstream from $2.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, May 29th. Deutsche Bank upped their target price on Windstream from $2.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, May 30th. ValuEngine upgraded Windstream from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Finally, Citigroup downgraded Windstream from a “neutral” rating to a “sell” rating and set a $2.25 target price on the stock. in a report on Wednesday, July 18th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Windstream has an average rating of “Hold” and a consensus target price of $4.98.
Shares of WIN traded down $0.24 during trading hours on Friday, reaching $3.82. The company’s stock had a trading volume of 955,500 shares, compared to its average volume of 788,136. The company has a market capitalization of $185.49 million, a price-to-earnings ratio of -0.50 and a beta of -0.05. Windstream Holdings Inc has a 1-year low of $3.03 and a 1-year high of $13.65. The company has a debt-to-equity ratio of -7.40, a current ratio of 0.70 and a quick ratio of 0.63.
Large investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC increased its holdings in Windstream by 127.1% in the first quarter. MetLife Investment Advisors LLC now owns 90,224 shares of the technology company’s stock worth $127,000 after buying an additional 50,491 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Windstream in the second quarter worth approximately $131,000. MYDA Advisors LLC acquired a new position in Windstream in the second quarter worth approximately $132,000. Acadian Asset Management LLC acquired a new position in Windstream in the second quarter worth approximately $173,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Windstream in the second quarter worth approximately $174,000. Hedge funds and other institutional investors own 60.42% of the company’s stock.
Windstream Company Profile (NASDAQ:WIN)
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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