Windstream (WIN) Shares Up 5.3%

Windstream Holdings, Inc. (NASDAQ:WIN)’s share price shot up 5.3% on Tuesday . The stock traded as high as $2.20 and last traded at $2.17. 3,420,600 shares changed hands during trading, a decline of 4% from the average session volume of 3,580,064 shares. The stock had previously closed at $2.06.

Several equities analysts have recently commented on the stock. Barclays assumed coverage on shares of Windstream in a report on Friday. They set an “underweight” rating and a $1.50 price target on the stock. BidaskClub cut shares of Windstream from a “buy” rating to a “hold” rating in a report on Friday, December 8th. 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 cut shares of Windstream from a “sell” rating to a “strong sell” rating in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Windstream has an average rating of “Hold” and a consensus target price of $2.25.

The company has a quick ratio of 0.70, a current ratio of 0.77 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 lifted its stake in shares of Windstream by 22.6% in the 3rd quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock valued at $4,154,000 after purchasing an additional 433,134 shares during the last quarter. Magnetar Financial LLC lifted its position in Windstream by 192.6% during the 3rd quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock worth $314,000 after acquiring an additional 116,767 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in Windstream by 287.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock worth $204,000 after acquiring an additional 85,500 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Windstream by 43.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock worth $2,978,000 after acquiring an additional 509,970 shares during the last quarter. 66.27% of the stock is owned by institutional investors and hedge funds.

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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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