An issue of Windstream Holdings, Inc. (NASDAQ:WIN) debt rose 1.5% against its face value during trading on Tuesday. The high-yield issue of debt has a 7.5% coupon and is set to mature on April 1, 2023. The bonds in the issue are now trading at $70.25 and were trading at $68.50 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.

Several analysts recently issued reports on the stock. BidaskClub raised shares of Windstream from a “hold” rating to a “buy” rating in a report on Saturday. Canaccord Genuity reaffirmed a “buy” rating and issued a $3.00 price target on shares of Windstream in a report on Monday. Finally, ValuEngine lowered shares of Windstream from a “sell” rating to a “strong sell” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $3.00.

Shares of Windstream Holdings, Inc. (NASDAQ WIN) opened at $2.05 on Wednesday. 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.

A number of hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC increased its stake in Windstream 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 purchasing an additional 85,500 shares during the last quarter. Magnetar Financial LLC grew its position in shares of Windstream by 192.6% during the third quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock worth $314,000 after acquiring an additional 116,767 shares during the last quarter. Royce & Associates LP grew its position in shares of Windstream by 22.6% during the third quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock worth $4,154,000 after acquiring an additional 433,134 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in shares of Windstream by 43.5% during the third quarter. California Public Employees Retirement System now owns 1,682,724 shares of the technology company’s stock worth $2,978,000 after acquiring an additional 509,970 shares during the last quarter. Hedge funds and other institutional investors own 66.30% of the company’s stock.

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Windstream 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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