Windstream Holdings, Inc. (WIN) Bond Prices Fall 2%

An issue of Windstream Holdings, Inc. (NASDAQ:WIN) debt fell 2% against its face value during trading on Friday. The high-yield issue of debt has a 6.375% coupon and is set to mature on August 1, 2023. The debt is now trading at $65.00. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

A number of brokerages recently issued reports on WIN. ValuEngine lowered Windstream Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, October 2nd. BidaskClub upgraded Windstream Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 31st.

Shares of Windstream Holdings, Inc. (WIN) traded up $0.17 during mid-day trading on Friday, reaching $2.23. The company had a trading volume of 4,760,372 shares, compared to its average volume of 3,706,003. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 20.24. Windstream Holdings, Inc. has a one year low of $1.73 and a one year high of $8.35.

A number of hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its stake in shares of Windstream Holdings by 287.1% during the 3rd 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. Magnetar Financial LLC raised its stake in shares of Windstream Holdings by 192.6% during the 3rd 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. California Public Employees Retirement System raised its stake in shares of Windstream Holdings by 43.5% during the 3rd 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. Finally, Royce & Associates LP raised its stake in shares of Windstream Holdings by 22.6% during the 3rd 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. Institutional investors own 62.89% of the company’s stock.

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Windstream Holdings 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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