Gamco Investors INC. ET AL decreased its holdings in shares of Windstream Holdings Inc (NASDAQ:WIN) by 41.2% during the third quarter, HoldingsChannel reports. The firm owned 64,400 shares of the technology company’s stock after selling 45,196 shares during the period. Gamco Investors INC. ET AL’s holdings in Windstream were worth $316,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in Windstream during the second quarter valued at $131,000. MYDA Advisors LLC bought a new position in Windstream during the second quarter valued at $132,000. Acadian Asset Management LLC bought a new position in Windstream during the second quarter valued at $173,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Windstream during the second quarter valued at $174,000. Finally, Raymond James & Associates increased its position in Windstream by 31.2% during the second quarter. Raymond James & Associates now owns 44,557 shares of the technology company’s stock valued at $235,000 after acquiring an additional 10,607 shares during the last quarter. 60.45% of the stock is currently owned by institutional investors.
WIN stock opened at $4.07 on Friday. Windstream Holdings Inc has a twelve month low of $3.03 and a twelve month high of $13.65. The firm has a market cap of $196.22 million, a price-to-earnings ratio of -0.50 and a beta of 0.09.
A number of research firms have weighed in on WIN. ValuEngine cut shares of Windstream from a “sell” rating to a “strong sell” rating in a research report on Monday, September 24th. Zacks Investment Research cut shares of Windstream from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Bank of America cut their price objective on shares of Windstream from $7.50 to $4.50 and set an “underperform” rating on the stock in a research report on Monday, August 13th. Finally, Cowen reiterated a “buy” rating and set a $8.00 price objective on shares of Windstream in a research report on Friday, August 10th. Seven analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $4.98.
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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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