Windstream (WIN) Shares Down 5.3%
Windstream Holdings Inc (NASDAQ:WIN) shares traded down 5.3% on Tuesday . The company traded as low as $4.37 and last traded at $4.46. 775,123 shares traded hands during trading, a decline of 1% from the average session volume of 786,552 shares. The stock had previously closed at $4.71.
A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of Windstream from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Deutsche Bank lifted their target price on shares of Windstream from $2.00 to $10.00 and gave the company a “hold” rating in a research note on Wednesday, May 30th. Bank of America lowered their target price on shares of Windstream from $7.50 to $4.50 and set an “underperform” rating on the stock in a research note on Monday, August 13th. Cowen restated a “buy” rating and set a $8.00 target price on shares of Windstream in a research note on Friday, August 10th. Finally, Citigroup cut shares of Windstream from a “neutral” rating to a “sell” rating and set a $2.25 target price on the stock. in a research note on Wednesday, July 18th. Six research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Windstream has an average rating of “Hold” and a consensus price target of $4.98.
The company has a debt-to-equity ratio of -7.40, a quick ratio of 0.63 and a current ratio of 0.70. The company has a market cap of $202.24 million, a price-to-earnings ratio of -0.55 and a beta of -0.06.
A number of hedge funds have recently made changes to their positions in WIN. JPMorgan Chase & Co. lifted its stake in Windstream by 1,151.7% in the 1st quarter. JPMorgan Chase & Co. now owns 6,228,135 shares of the technology company’s stock worth $8,781,000 after purchasing an additional 5,730,564 shares in the last quarter. Tibra Equities Europe Ltd bought a new stake in shares of Windstream in the 1st quarter worth about $819,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Windstream by 19.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,029,154 shares of the technology company’s stock worth $2,862,000 after buying an additional 326,356 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Windstream by 113.6% in the 4th quarter. Deutsche Bank AG now owns 605,082 shares of the technology company’s stock worth $1,116,000 after buying an additional 321,756 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of Windstream in the 1st quarter worth about $409,000. Institutional investors and hedge funds own 60.37% of the company’s stock.
About Windstream (NASDAQ:WIN)
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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