Windstream (WIN) Trading Down 5.3%

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Windstream Holdings Inc (NASDAQ:WIN)’s share price traded down 5.3% during trading on Thursday . The stock traded as low as $4.10 and last traded at $4.13. 766,288 shares were traded during trading, a decline of 2% from the average session volume of 783,685 shares. The stock had previously closed at $4.36.

Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Windstream from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. ValuEngine cut shares of Windstream from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Citigroup cut shares of Windstream from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a research report on Wednesday, July 18th. Cowen reiterated a “buy” rating and set a $8.00 price target on shares of Windstream in a research report on Friday, August 10th. Finally, Bank of America reduced their price target on shares of Windstream from $7.50 to $4.50 and set an “underperform” rating on the stock in a research report on Monday, August 13th. Seven research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.98.

The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of -7.40. The stock has a market cap of $210.40 million, a PE ratio of -0.51 and a beta of -0.06.

Windstream (NASDAQ:WIN) last announced its quarterly earnings data on Thursday, August 9th. The technology company reported ($2.30) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.66) by $0.36. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Windstream’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted ($1.85) EPS. On average, analysts expect that Windstream Holdings Inc will post -9.17 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new position in Windstream during the second quarter valued at approximately $173,000. MYDA Advisors LLC bought a new position in Windstream during the second quarter valued at approximately $132,000. Trexquant Investment LP bought a new position in Windstream during the second quarter valued at approximately $252,000. Schwab Charles Investment Management Inc. raised its position in Windstream by 19.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,029,154 shares of the technology company’s stock worth $2,862,000 after acquiring an additional 326,356 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Windstream in the second quarter worth approximately $174,000. 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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