An issue of Windstream Holdings, Inc. (NASDAQ:WIN) debt fell 1.4% against its face value during trading on Monday. The debt issue has a 6.375% coupon and will mature on August 1, 2023. The debt is now trading at $62.13 and was trading at $64.50 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its stock price.

Several research firms have commented on WIN. BidaskClub cut Windstream from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Canaccord Genuity restated a “buy” rating and issued a $3.00 price target on shares of Windstream in a report on Monday, December 4th. Finally, ValuEngine cut Windstream from a “sell” rating to a “strong sell” rating in a report on Monday, October 2nd. Two 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.00.

Shares of Windstream Holdings, Inc. (WIN) remained flat at $$2.03 during trading hours on Wednesday. The stock had a trading volume of 1,902,600 shares, compared to its average volume of 3,557,138. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 20.24. Windstream Holdings, Inc. has a 1 year low of $1.73 and a 1 year high of $8.35.

Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC grew its holdings in shares of Windstream by 287.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 115,280 shares of the technology company’s stock worth $204,000 after purchasing an additional 85,500 shares during the period. Magnetar Financial LLC grew its holdings in shares of Windstream by 192.6% during the 3rd quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock worth $314,000 after purchasing an additional 116,767 shares during the period. California Public Employees Retirement System grew its holdings in shares of Windstream by 43.5% during the 3rd quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock worth $2,978,000 after purchasing an additional 509,970 shares during the period. Finally, Royce & Associates LP grew its holdings in shares of Windstream by 22.6% during the 3rd quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock worth $4,154,000 after purchasing an additional 433,134 shares during the period. Institutional investors and hedge funds own 66.30% of the company’s stock.

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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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