Windstream Holdings, Inc. (NASDAQ:WIN) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 28,239,121 shares, a decline of 9.2% from the November 15th total of 31,097,290 shares. Approximately 15.7% of the company’s shares are sold short. Based on an average trading volume of 3,044,944 shares, the days-to-cover ratio is currently 9.3 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WIN. California Public Employees Retirement System grew its stake in shares of Windstream by 43.5% during the third quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock valued at $2,978,000 after buying an additional 509,970 shares during the last quarter. Royce & Associates LP grew its stake in shares of Windstream by 22.6% during the third quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock valued at $4,154,000 after buying an additional 433,134 shares during the last quarter. Magnetar Financial LLC grew its stake in shares of Windstream by 192.6% during the third quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock valued at $314,000 after buying an additional 116,767 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Windstream by 287.1% during the third quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock valued at $204,000 after buying an additional 85,500 shares during the last quarter. 66.30% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on WIN shares. ValuEngine raised Windstream from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. BidaskClub raised Windstream from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Canaccord Genuity reissued a “buy” rating and set a $3.00 price objective on shares of Windstream in a research note on Monday, December 4th. Finally, Barclays started coverage on Windstream in a research note on Friday. They set an “underweight” rating and a $1.50 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $2.25.

Shares of Windstream (NASDAQ:WIN) opened at $2.17 on Tuesday. The company has a debt-to-equity ratio of 20.24, a current ratio of 0.77 and a quick ratio of 0.70. Windstream has a 52 week low of $1.73 and a 52 week high of $8.35.

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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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