Windstream Holdings Inc (NASDAQ:WIN) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 10,864,187 shares, an increase of 15.1% from the January 15th total of 9,435,230 shares. Currently, 25.7% of the company’s stock are sold short. Based on an average daily trading volume, of 607,675 shares, the days-to-cover ratio is currently 17.9 days.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James & Associates boosted its position in shares of Windstream by 31.2% during the second quarter. Raymond James & Associates now owns 44,557 shares of the technology company’s stock worth $235,000 after buying an additional 10,607 shares during the period. Comerica Bank acquired a new stake in Windstream in the fourth quarter worth approximately $30,000. Rhumbline Advisers lifted its position in Windstream by 39.8% in the fourth quarter. Rhumbline Advisers now owns 66,174 shares of the technology company’s stock worth $138,000 after purchasing an additional 18,831 shares during the period. Isthmus Partners LLC acquired a new stake in Windstream in the fourth quarter worth approximately $40,000. Finally, Acadian Asset Management LLC lifted its position in Windstream by 431.3% in the fourth quarter. Acadian Asset Management LLC now owns 27,199 shares of the technology company’s stock worth $57,000 after purchasing an additional 22,080 shares during the period. Institutional investors and hedge funds own 58.97% of the company’s stock.
Shares of NASDAQ:WIN traded down $0.03 during trading on Monday, hitting $3.07. 366,344 shares of the company traded hands, compared to its average volume of 619,416. The firm has a market capitalization of $133.11 million, a PE ratio of -0.38 and a beta of 0.99. Windstream has a one year low of $1.77 and a one year high of $9.18.
Several research firms have recently commented on WIN. Zacks Investment Research raised Windstream from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Morgan Stanley lowered their target price on Windstream from $10.00 to $5.00 and set an “equal weight” rating for the company in a report on Monday, November 19th. Finally, ValuEngine lowered Windstream from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $5.05.
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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