An issue of Windstream Holdings, Inc. (NASDAQ:WIN) bonds fell 1% against their face value during trading on Monday. The debt issue has a 6.375% coupon and is set to mature on August 1, 2023. The bonds in the issue are now trading at $57.25 and were trading at $58.38 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its stock price.
A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Windstream from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Morgan Stanley decreased their price objective on shares of Windstream from $2.40 to $2.00 and set an “equal weight” rating for the company in a research report on Monday, March 19th. Guggenheim assumed coverage on shares of Windstream in a research report on Tuesday, March 13th. They issued a “sell” rating and a $1.35 price objective for the company. ValuEngine cut shares of Windstream from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 7th. Finally, BidaskClub cut shares of Windstream from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. Five research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $1.96.
NASDAQ:WIN traded down $0.09 on Monday, reaching $1.32. The stock had a trading volume of 3,507,359 shares, compared to its average volume of 2,774,384. The company has a debt-to-equity ratio of -7.94, a current ratio of 0.60 and a quick ratio of 0.54. The stock has a market cap of $288.55, a P/E ratio of -0.81 and a beta of 0.17. Windstream Holdings, Inc. has a 12-month low of $1.28 and a 12-month high of $5.76.
Windstream (NASDAQ:WIN) last posted its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.42. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Windstream had a negative net margin of 36.16% and a negative return on equity of 191.89%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.83) EPS. equities analysts expect that Windstream Holdings, Inc. will post -2.58 earnings per share for the current year.
In related news, Director Michael G. Stoltz purchased 29,734 shares of Windstream stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $1.58 per share, with a total value of $46,979.72. Following the completion of the transaction, the director now owns 97,453 shares of the company’s stock, valued at approximately $153,975.74. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.95% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Teachers Advisors LLC lifted its position in shares of Windstream by 11.9% during the fourth quarter. Teachers Advisors LLC now owns 2,066,787 shares of the technology company’s stock worth $3,824,000 after purchasing an additional 219,053 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Windstream during the fourth quarter worth about $126,000. Deutsche Bank AG lifted its position in shares of Windstream by 113.6% during the fourth quarter. Deutsche Bank AG now owns 605,082 shares of the technology company’s stock worth $1,116,000 after purchasing an additional 321,756 shares during the last quarter. Royce & Associates LP lifted its position in shares of Windstream by 17.7% during the fourth quarter. Royce & Associates LP now owns 2,762,415 shares of the technology company’s stock worth $5,110,000 after purchasing an additional 415,663 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Windstream by 148.1% during the fourth quarter. Wells Fargo & Company MN now owns 652,756 shares of the technology company’s stock worth $1,208,000 after acquiring an additional 389,632 shares during the period. 61.61% of the stock is currently owned by institutional investors and hedge funds.
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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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