An issue of Windstream Holdings, Inc. (NASDAQ:WIN) bonds fell 1.4% against their face value during trading on Monday. The high-yield issue of debt has a 6.375% coupon and will mature on August 1, 2023. The debt is now trading at $62.13 and was trading at $64.50 last week. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.

A number of research firms have recently issued reports on WIN. BidaskClub lowered shares of Windstream from a “buy” rating to a “hold” rating in a report on Friday. Canaccord Genuity restated a “buy” rating and set a $3.00 price target on shares of Windstream in a report on Monday, December 4th. Finally, ValuEngine lowered shares of Windstream from a “sell” rating to a “strong sell” rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $3.00.

Shares of Windstream Holdings, Inc. (NASDAQ:WIN) opened at $2.03 on Tuesday. Windstream Holdings, Inc. has a 1-year low of $1.73 and a 1-year high of $8.35. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 20.24.

Several hedge funds have recently added to or reduced their stakes in WIN. Royce & Associates LP raised its holdings in shares of Windstream by 22.6% during the third quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock valued at $4,154,000 after acquiring an additional 433,134 shares during the period. Magnetar Financial LLC raised its holdings in shares of Windstream by 192.6% during the third quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock valued at $314,000 after acquiring an additional 116,767 shares during the period. Cubist Systematic Strategies LLC grew its position in Windstream by 287.1% during the third quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock valued at $204,000 after purchasing an additional 85,500 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in Windstream by 43.5% during 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 purchasing an additional 509,970 shares in the last quarter. Institutional investors and hedge funds own 66.30% 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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