Windstream (WIN) Bond Prices Fall 3.5%

An issue of Windstream Holdings, Inc. (NASDAQ:WIN) bonds fell 3.5% as a percentage of their face value during trading on Friday. The high-yield issue of debt has a 8.75% coupon and is set to mature on December 15, 2024. The debt is now trading at $64.00 and was trading at $69.75 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

Several equities research analysts have issued reports on WIN shares. Canaccord Genuity reissued a “buy” rating and set a $3.00 target price on shares of Windstream in a research note on Monday, December 4th. BidaskClub raised Windstream from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Zacks Investment Research raised Windstream from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. cut Windstream from a “neutral” rating to an “underweight” rating in a research note on Tuesday, January 2nd. Finally, Barclays started coverage on Windstream in a research note on Friday, December 15th. They set an “underweight” rating and a $1.50 target price for the company. Six equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Sell” and a consensus price target of $2.25.

Shares of Windstream Holdings, Inc. (WIN) opened at $1.40 on Friday. 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 one year low of $1.28 and a one year high of $7.93.

Windstream (NASDAQ:WIN) last posted its earnings results on Thursday, November 9th. The technology company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.09). The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.51 billion. Windstream had a negative return on equity of 64.22% and a negative net margin of 6.49%. sell-side analysts anticipate that Windstream Holdings, Inc. will post -2.18 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP grew its stake in shares of Windstream by 17.7% in the fourth quarter. Royce & Associates LP now owns 2,762,415 shares of the technology company’s stock valued at $5,110,000 after buying an additional 415,663 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Windstream by 38.0% in the fourth quarter. California Public Employees Retirement System now owns 2,322,351 shares of the technology company’s stock valued at $4,296,000 after buying an additional 639,627 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Windstream by 20.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,702,798 shares of the technology company’s stock valued at $3,151,000 after buying an additional 289,748 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Windstream by 148.1% in the fourth quarter. Wells Fargo & Company MN now owns 652,756 shares of the technology company’s stock valued at $1,208,000 after buying an additional 389,632 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Windstream by 8.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 582,661 shares of the technology company’s stock valued at $1,078,000 after buying an additional 44,971 shares in the last quarter. 66.30% of the stock is owned by institutional investors and hedge funds.

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About Windstream

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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