Windstream Holdings Inc (WIN) Sees Significant Increase in Short Interest

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.

Windstream (NASDAQ:WIN) last posted its earnings results on Thursday, November 8th. The technology company reported ($2.57) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.58) by $0.01. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the company posted ($2.75) earnings per share. On average, sell-side analysts forecast that Windstream will post -7.08 EPS for the current fiscal year.

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.

TRADEMARK VIOLATION WARNING: “Windstream Holdings Inc (WIN) Sees Significant Increase in Short Interest” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://www.com-unik.info/2019/02/11/windstream-holdings-inc-win-sees-significant-increase-in-short-interest.html.

About Windstream

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.

Recommended Story: How is the S&P 500 index different from the DJIA?

Receive News & Ratings for Windstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Windstream and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit