Millennium Management LLC lowered its stake in Windstream Holdings Inc (NASDAQ:WIN) by 72.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,186,638 shares of the technology company’s stock after selling 3,131,950 shares during the period. Millennium Management LLC owned approximately 2.76% of Windstream worth $6,254,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in shares of Windstream during the second quarter valued at approximately $173,000. MYDA Advisors LLC purchased a new position in shares of Windstream during the second quarter valued at approximately $132,000. Trexquant Investment LP purchased a new position in shares of Windstream during the second quarter valued at approximately $252,000. Schwab Charles Investment Management Inc. boosted its position in shares of Windstream by 19.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 2,029,154 shares of the technology company’s stock valued at $2,862,000 after buying 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 purchased a new position in shares of Windstream during the second quarter valued at approximately $174,000. Institutional investors own 60.37% of the company’s stock.
WIN has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Windstream from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. ValuEngine downgraded shares of Windstream from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Citigroup downgraded shares of Windstream from a “neutral” rating to a “sell” rating and set a $2.25 price target for the company. in a research note on Wednesday, July 18th. Cowen reaffirmed a “buy” rating and set a $8.00 price target on shares of Windstream in a research note on Friday, August 10th. Finally, Bank of America decreased their price target on shares of Windstream from $7.50 to $4.50 and set an “underperform” rating for the company in a research note on Monday, August 13th. Seven equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Windstream currently has a consensus rating of “Hold” and an average price target of $4.98.
Windstream stock opened at $4.13 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of -7.40. Windstream Holdings Inc has a fifty-two week low of $3.03 and a fifty-two week high of $13.65. The company has a market cap of $210.40 million, a PE ratio of -0.51 and a beta of -0.06.
Windstream (NASDAQ:WIN) last posted its quarterly earnings results on Thursday, August 9th. The technology company reported ($2.30) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.66) by $0.36. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm posted ($1.85) EPS. The business’s revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts predict that Windstream Holdings Inc will post -9.17 EPS for the current year.
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.
See Also: What is a stock split?
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.