Rhumbline Advisers lowered its position in Windstream Holdings Inc (NASDAQ:WIN) by 78.3% in the 2nd quarter, Holdings Channel reports. The firm owned 45,158 shares of the technology company’s stock after selling 163,258 shares during the quarter. Rhumbline Advisers’ holdings in Windstream were worth $238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC grew its position in shares of Windstream by 66.4% during the 1st quarter. SG Americas Securities LLC now owns 154,229 shares of the technology company’s stock worth $217,000 after buying an additional 61,544 shares during the period. Swiss National Bank grew its position in shares of Windstream by 12.2% during the 1st quarter. Swiss National Bank now owns 347,704 shares of the technology company’s stock worth $490,000 after buying an additional 37,800 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Windstream by 19.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,029,154 shares of the technology company’s stock valued at $2,862,000 after purchasing an additional 326,356 shares in the last quarter. KBC Group NV bought a new position in shares of Windstream during the 1st quarter valued at about $409,000. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Windstream by 17.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 686,661 shares of the technology company’s stock valued at $968,000 after purchasing an additional 104,000 shares in the last quarter. 60.37% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently weighed in on WIN. Zacks Investment Research cut Windstream from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine cut Windstream from a “sell” rating to a “strong sell” rating in a report on Monday. Morgan Stanley lifted their price objective on Windstream from $2.00 to $10.00 and gave the company an “equal weight” rating in a report on Tuesday, May 29th. Deutsche Bank lifted their price objective on Windstream from $2.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, May 30th. Finally, Citigroup cut Windstream from a “neutral” rating to a “sell” rating and set a $2.25 price objective on the stock. in a report on Wednesday, July 18th. Seven research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Windstream currently has an average rating of “Hold” and a consensus target price of $4.98.

NASDAQ:WIN opened at $5.03 on Tuesday. Windstream Holdings Inc has a fifty-two week low of $3.03 and a fifty-two week high of $13.65. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -7.40. The stock has a market cap of $211.68 million, a PE ratio of -0.62 and a beta of -0.06.

Windstream (NASDAQ:WIN) last released its earnings results on Thursday, August 9th. The technology company reported ($2.30) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.66) by $0.36. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Windstream had a negative return on equity of 191.89% and a negative net margin of 36.51%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.85) EPS. equities analysts expect that Windstream Holdings Inc will post -9.17 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Windstream (NASDAQ:WIN)

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