Here is What Hedge Funds Think About Windstream Holdings (WIN)

Because Windstream Holdings (NASDAQ:WIN) has experienced a bearish sentiment from the smart money, it’s easy to see that there lies a certain “tier” of hedgies that slashed their positions entirely heading into Q4. Interestingly, Glenn Russell Dubin’s Highbridge Capital Management cut the largest stake of the “upper crust” of funds followed by Insider Monkey, valued at an estimated $6.9 million in stock, and David Warren’s DW Partners was right behind this move, as the fund said goodbye to about $3.5 million worth of shares. These moves are important to note, as total hedge fund interest dropped by 10 funds heading into Q4.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Windstream Holdings (NASDAQ:WIN) but similarly valued. These stocks are Universal Electronics Inc (NASDAQ:UEIC), IAMGOLD Corporation (USA) (NYSE:IAG), The Rubicon Project Inc (NYSE:RUBI), and Constellium NV (NYSE:CSTM). This group of stocks’ market caps resemble Windstream Holdings (NASDAQ:WIN)’s market cap.

As you can see, these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $77 million. That figure was $47 million in Windstream Holdings (NASDAQ:WIN)’s case. Constellium NV (NYSE:CSTM) is the most popular stock in this table. On the other hand, IAMGOLD Corporation (USA) (NYSE:IAG) is the least popular one with only 9 bullish hedge fund positions. Windstream Holdings (NASDAQ:WIN) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Constellium NV (NYSE:CSTM) might be a better candidate to consider a long position.