Windstream Holdings Inc. (NASDAQ:WIN) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 25,049,127 shares, a growth of 12.0% from the October 31st total of 22,374,675 shares. Based on an average trading volume of 3,126,949 shares, the short-interest ratio is currently 8.0 days. Currently, 26.4% of the shares of the stock are short sold.
A number of institutional investors have recently modified their holdings of the stock. Teachers Advisors Inc. boosted its position in shares of Windstream Holdings by 0.3% in the first quarter. Teachers Advisors Inc. now owns 182,913 shares of the company’s stock valued at $1,405,000 after buying an additional 505 shares in the last quarter. LPL Financial LLC boosted its position in shares of Windstream Holdings by 4.7% in the first quarter. LPL Financial LLC now owns 357,167 shares of the company’s stock valued at $2,739,000 after buying an additional 16,121 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Windstream Holdings by 9.9% in the first quarter. Legal & General Group Plc now owns 544,861 shares of the company’s stock valued at $4,173,000 after buying an additional 48,992 shares in the last quarter. 63.45% of the stock is owned by institutional investors.
Separately, Raymond James Financial Inc. downgraded shares of Windstream Holdings from a “mkt perform” rating to an “underperform” rating in a research note on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $6.92.
Windstream Holdings (NASDAQ:WIN) opened at 7.72 on Friday. The company’s market cap is $742.00 million. The stock’s 50 day moving average is $7.74 and its 200 day moving average is $8.66. Windstream Holdings has a 1-year low of $4.75 and a 1-year high of $10.46.
Windstream Holdings Company Profile