Windstream Holdings, Inc. (WIN) Short Interest Up 5.6% in February

Windstream Holdings, Inc. (NASDAQ:WIN) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 30,564,569 shares, a growth of 5.6% from the February 15th total of 28,956,301 shares. Currently, 34.0% of the shares of the stock are short sold. Based on an average daily volume of 3,977,678 shares, the days-to-cover ratio is presently 7.7 days.

WIN has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Windstream from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. BidaskClub upgraded shares of Windstream from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. ValuEngine downgraded shares of Windstream from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 7th. Canaccord Genuity restated a “buy” rating and set a $3.00 target price on shares of Windstream in a report on Monday, December 4th. Finally, Barclays initiated coverage on shares of Windstream in a report on Friday, December 15th. They set an “underweight” rating and a $1.50 target price for the company. Six equities research analysts have rated the stock with a sell rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Sell” and a consensus price target of $2.25.

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In related news, Director Michael G. Stoltz purchased 29,734 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $1.58 per share, for a total transaction of $46,979.72. Following the acquisition, the director now directly owns 97,453 shares of the company’s stock, valued at approximately $153,975.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.95% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its stake in shares of Windstream by 17.7% during the 4th quarter. Royce & Associates LP now owns 2,762,415 shares of the technology company’s stock worth $5,110,000 after purchasing an additional 415,663 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Windstream by 38.0% during the 4th quarter. California Public Employees Retirement System now owns 2,322,351 shares of the technology company’s stock worth $4,296,000 after purchasing an additional 639,627 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Windstream by 11.9% during the 4th quarter. Teachers Advisors LLC now owns 2,066,787 shares of the technology company’s stock worth $3,824,000 after purchasing an additional 219,053 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Windstream by 20.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,702,798 shares of the technology company’s stock worth $3,151,000 after purchasing an additional 289,748 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Windstream by 148.1% during the 4th quarter. Wells Fargo & Company MN now owns 652,756 shares of the technology company’s stock worth $1,208,000 after purchasing an additional 389,632 shares during the last quarter. 61.46% of the stock is currently owned by institutional investors.

Windstream (NASDAQ:WIN) opened at $1.66 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.54 and a debt-to-equity ratio of -7.94. Windstream has a twelve month low of $1.28 and a twelve month high of $6.58. The firm has a market cap of $304.34, a PE ratio of -0.13 and a beta of -0.23.

Windstream (NASDAQ:WIN) last released its quarterly earnings results on Thursday, February 22nd. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.42. Windstream had a negative net margin of 36.16% and a negative return on equity of 191.89%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the company earned ($0.83) EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. equities research analysts anticipate that Windstream will post -2.69 earnings per share for the current fiscal year.

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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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