Windstream (WIN) Hits New 12-Month Low at $0.94

Windstream Holdings Inc (NASDAQ:WIN)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $0.94 and last traded at $1.27, with a volume of 425739 shares traded. The stock had previously closed at $3.37.

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

The firm has a market cap of $55.39 million, a P/E ratio of -0.14 and a beta of 0.99.

A number of large investors have recently made changes to their positions in WIN. Stone Ridge Asset Management LLC acquired a new stake in Windstream during the 4th quarter valued at $27,000. Comerica Bank acquired a new stake in Windstream during the 4th quarter valued at $30,000. Isthmus Partners LLC acquired a new stake in Windstream during the 4th quarter valued at $40,000. Acadian Asset Management LLC grew its holdings in Windstream by 431.3% during the 4th quarter. Acadian Asset Management LLC now owns 27,199 shares of the technology company’s stock valued at $57,000 after buying an additional 22,080 shares during the last quarter. Finally, Advisory Services Network LLC grew its holdings in Windstream by 93,081.8% during the 4th quarter. Advisory Services Network LLC now owns 30,750 shares of the technology company’s stock valued at $64,000 after buying an additional 30,717 shares during the last quarter. Hedge funds and other institutional investors own 57.53% of the company’s stock.

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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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