Windstream Holdings, Inc. (WIN) Debt Trading 2% Lower

An issue of Windstream Holdings, Inc. (NASDAQ:WIN) debt fell 2% as a percentage of its face value during trading on Monday. The debt issue has a 6.375% coupon and is set to mature on August 1, 2023. The bonds in the issue are now trading at $65.00. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.

Several research analysts have commented on WIN shares. BidaskClub raised Windstream Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine raised Windstream Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.

Shares of Windstream Holdings, Inc. (NASDAQ:WIN) traded up $0.02 during trading on Monday, hitting $2.25. The stock had a trading volume of 2,322,337 shares, compared to its average volume of 3,582,214. 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 Holdings, Inc. has a 12 month low of $1.73 and a 12 month high of $8.35.

Several institutional investors have recently made changes to their positions in WIN. Royce & Associates LP grew its stake in shares of Windstream Holdings 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 acquiring an additional 433,134 shares in the last quarter. Magnetar Financial LLC grew its stake in shares of Windstream Holdings 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 acquiring an additional 116,767 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Windstream Holdings 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 acquiring an additional 85,500 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Windstream Holdings 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 acquiring an additional 509,970 shares in the last quarter. Institutional investors own 65.20% of the company’s stock.

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About Windstream Holdings

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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