Royce & Associates LP lowered its holdings in Windstream Holdings Inc (NASDAQ:WIN) by 86.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 382,278 shares of the technology company’s stock after selling 2,440,137 shares during the period. Royce & Associates LP’s holdings in Windstream were worth $2,015,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of Windstream by 66.4% in the 1st quarter. SG Americas Securities LLC now owns 154,229 shares of the technology company’s stock worth $217,000 after buying an additional 61,544 shares during the period. Swiss National Bank grew its position in shares of Windstream by 12.2% in the 1st quarter. Swiss National Bank now owns 347,704 shares of the technology company’s stock worth $490,000 after buying an additional 37,800 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Windstream by 19.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,029,154 shares of the technology company’s stock worth $2,862,000 after buying an additional 326,356 shares during the period. KBC Group NV purchased a new stake in shares of Windstream in the 1st quarter worth about $409,000. Finally, Gamco Investors INC. ET AL grew its position in shares of Windstream by 17.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 686,661 shares of the technology company’s stock worth $968,000 after buying an additional 104,000 shares during the period. 60.42% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on WIN. Zacks Investment Research downgraded shares of Windstream from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Morgan Stanley upped their target price on shares of Windstream from $2.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 29th. Deutsche Bank upped their price target on shares of Windstream from $2.00 to $10.00 and gave the stock a “hold” rating in a research note on Wednesday, May 30th. ValuEngine upgraded shares of Windstream from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Finally, Citigroup cut shares of Windstream from a “neutral” rating to a “sell” rating and set a $2.25 price target on the stock. in a research note on Wednesday, July 18th. Six analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $4.98.
Shares of Windstream stock opened at $4.06 on Friday. Windstream Holdings Inc has a 1 year low of $3.03 and a 1 year high of $13.65. 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 (NASDAQ:WIN) last announced its quarterly earnings results on Thursday, August 9th. The technology company reported ($2.30) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.66) by $0.36. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Windstream had a negative net margin of 36.51% and a negative return on equity of 191.89%. Windstream’s revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.85) EPS. equities analysts anticipate that Windstream Holdings Inc will post -9.46 earnings per share 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.
Read More: Momentum Indicator: Relative Strength Index
Want to see what other hedge funds are holding WIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Windstream Holdings Inc (NASDAQ:WIN).
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.