Windstream Holdings, Inc. (NASDAQ:WIN)’s share price rose 8.9% during trading on Wednesday . The company traded as high as $2.22 and last traded at $2.21. Approximately 3,661,048 shares traded hands during mid-day trading, an increase of 3% from the average daily volume of 3,557,571 shares. The stock had previously closed at $2.03.

WIN has been the topic of a number of recent analyst reports. Canaccord Genuity reissued a “buy” rating and issued a $3.00 price objective 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. ValuEngine raised Windstream from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Barclays initiated coverage on Windstream in a research note on Friday. They issued an “underweight” rating and a $1.50 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Windstream presently has an average rating of “Hold” and an average price target of $2.25.

The company has a debt-to-equity ratio of 20.24, a quick ratio of 0.70 and a current ratio of 0.77.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC increased its holdings in Windstream by 287.1% in 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 increased its holdings in Windstream by 192.6% in the third quarter. Magnetar Financial LLC now owns 177,379 shares of the technology company’s stock valued at $314,000 after purchasing an additional 116,767 shares during the last quarter. Royce & Associates LP increased its holdings in Windstream by 22.6% in the third quarter. Royce & Associates LP now owns 2,346,752 shares of the technology company’s stock valued at $4,154,000 after purchasing an additional 433,134 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Windstream by 43.5% in 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 purchasing an additional 509,970 shares during the last quarter. Institutional investors and hedge funds own 66.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Windstream (WIN) Stock Price Up 8.9%” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/12/15/windstream-win-stock-price-up-8-9.html.

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.

Receive News & Stock Ratings for Windstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Windstream and related stocks with our FREE daily email newsletter.