Commonwealth Bank of Australia reduced its holdings in Windstream Holdings Inc (NASDAQ:WIN) by 81.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,659 shares of the technology company’s stock after selling 145,541 shares during the quarter. Commonwealth Bank of Australia owned about 0.08% of Windstream worth $171,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Windstream by 1,151.7% during the first quarter. JPMorgan Chase & Co. now owns 6,228,135 shares of the technology company’s stock valued at $8,781,000 after purchasing an additional 5,730,564 shares in the last quarter. Tibra Equities Europe Ltd bought a new stake in shares of Windstream during the first quarter valued at approximately $819,000. 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 purchasing an additional 326,356 shares in the last quarter. KBC Group NV bought a new stake in shares of Windstream during the first quarter valued at approximately $409,000. Finally, Algert Global LLC bought a new stake in shares of Windstream during the second quarter valued at approximately $1,086,000. Hedge funds and other institutional investors own 60.37% of the company’s stock.
Several equities research analysts recently weighed in on the company. ValuEngine lowered Windstream from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research cut Windstream from a “buy” rating to a “hold” rating in a research note on Monday, September 24th. Bank of America lowered their price objective on Windstream from $7.50 to $4.50 and set an “underperform” rating for the company in a research note on Monday, August 13th. Cowen reiterated a “buy” rating and set a $8.00 price objective on shares of Windstream in a research note on Friday, August 10th. Finally, Citigroup cut Windstream from a “neutral” rating to a “sell” rating and set a $2.25 price objective for the company. in a research note on Wednesday, July 18th. Seven investment 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’s stock. The company currently has an average rating of “Hold” and an average price target of $4.98.
Shares of WIN stock traded down $0.31 during mid-day trading on Friday, hitting $4.50. The company’s stock had a trading volume of 908,776 shares, compared to its average volume of 788,232. Windstream Holdings Inc has a 52-week low of $3.03 and a 52-week high of $13.65. The company has a debt-to-equity ratio of -7.40, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a market capitalization of $210.40 million, a P/E ratio of -0.55 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, topping the Thomson Reuters’ consensus estimate of ($2.66) by $0.36. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.85) EPS. As a group, analysts anticipate that Windstream Holdings Inc will post -9.17 earnings per share for the current year.
Windstream Company Profile
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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