Windstream (WIN) Bonds Trading 2.3% Lower

An issue of Windstream Holdings Inc (NASDAQ:WIN) debt fell 2.3% against its face value during trading on Thursday. The high-yield issue of debt has a 7.75% coupon and is set to mature on October 1, 2021. The debt is now trading at $80.75 and was trading at $82.38 last week. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its share price.

Several equities research analysts have weighed in on the company. ValuEngine raised Windstream from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Deutsche Bank raised their price target on Windstream from $2.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, May 30th. Zacks Investment Research raised Windstream from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Morgan Stanley lowered their price target on Windstream from $2.40 to $2.00 and set an “equal weight” rating for the company in a report on Monday, March 19th. Finally, Guggenheim assumed coverage on Windstream in a report on Tuesday, March 13th. They issued a “sell” rating and a $1.35 price target for the company. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.17.

Shares of Windstream traded down $0.34, reaching $5.66, on Thursday, MarketBeat.com reports. 1,169,090 shares of the stock were exchanged, compared to its average volume of 659,107. The company has a quick ratio of 0.66, a current ratio of 0.73 and a debt-to-equity ratio of -7.87. Windstream Holdings Inc has a twelve month low of $5.36 and a twelve month high of $20.50. The company has a market capitalization of $255.31 million, a price-to-earnings ratio of -0.69 and a beta of 0.07.

Windstream (NASDAQ:WIN) last released its earnings results on Thursday, May 3rd. The technology company reported ($0.65) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.59) by ($0.06). Windstream had a negative return on equity of 191.89% and a negative net margin of 35.79%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the firm earned ($0.89) EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. research analysts anticipate that Windstream Holdings Inc will post -11.55 EPS for the current fiscal year.

In related news, Director Michael G. Stoltz sold 29,734 shares of Windstream stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $1.58, for a total transaction of $46,979.72. Following the completion of the sale, the director now owns 136,212 shares of the company’s stock, valued at $215,214.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.95% of the company’s stock.

A number of hedge funds have recently made changes to their positions in WIN. Schwab Charles Investment Management Inc. raised its position in Windstream by 20.5% during 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 acquiring an additional 289,748 shares in the last quarter. Aperio Group LLC raised its position in Windstream by 126.9% during the fourth quarter. Aperio Group LLC now owns 155,688 shares of the technology company’s stock valued at $288,000 after acquiring an additional 87,066 shares in the last quarter. Teacher Retirement System of Texas raised its position in Windstream by 300.4% during the fourth quarter. Teacher Retirement System of Texas now owns 60,764 shares of the technology company’s stock valued at $112,000 after acquiring an additional 45,589 shares in the last quarter. California Public Employees Retirement System raised its position in Windstream by 38.0% during 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 acquiring an additional 639,627 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Windstream by 148.1% during the fourth quarter. Wells Fargo & Company MN now owns 652,756 shares of the technology company’s stock valued at $1,208,000 after acquiring an additional 389,632 shares in the last quarter.

Windstream Company Profile

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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