Windstream (WIN) Bonds Rise 6.3% During Trading

An issue of Windstream Holdings Inc (NASDAQ:WIN) bonds rose 6.3% as a percentage of their face value during trading on Wednesday. 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 $38.25. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.

A number of analysts recently weighed in on WIN shares. Morgan Stanley lowered their price target on shares of Windstream from $10.00 to $5.00 and set an “equal weight” rating for the company in a report on Monday, November 19th. ValuEngine raised shares of Windstream from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research raised shares of Windstream from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Cowen lowered shares of Windstream from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $8.00 to $1.00 in a report on Tuesday. Finally, Raymond James lowered shares of Windstream from an “outperform” rating to a “market perform” rating in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $4.05.

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WIN stock traded down $0.02 during midday trading on Wednesday, reaching $1.29. The company’s stock had a trading volume of 2,662,400 shares, compared to its average volume of 1,164,921. Windstream Holdings Inc has a 52 week low of $0.94 and a 52 week high of $9.18. The stock has a market cap of $53.68 million, a PE ratio of -0.16 and a beta of 0.99.

Hedge funds have recently made changes to their positions in the business. Comerica Bank bought a new position in Windstream in the fourth quarter valued at approximately $30,000. Stone Ridge Asset Management LLC bought a new position in Windstream in the fourth quarter valued at approximately $27,000. Isthmus Partners LLC bought a new position in Windstream in the fourth quarter valued at approximately $40,000. Acadian Asset Management LLC boosted its stake in Windstream by 431.3% in the fourth quarter. Acadian Asset Management LLC now owns 27,199 shares of the technology company’s stock valued at $57,000 after acquiring an additional 22,080 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in Windstream by 93,081.8% in the fourth quarter. Advisory Services Network LLC now owns 30,750 shares of the technology company’s stock valued at $64,000 after acquiring an additional 30,717 shares during the last quarter. 57.53% of the stock is currently owned by hedge funds and other institutional investors.

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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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