Windstream Corporation (WIN) Data You Can’t Afford To Miss

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Windstream Corporation (NASDAQ:WIN) is a widely discussed stock, but here’s one reason why the bears may win the argument for the rest of 2013.

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Keeping this in mind, it’s important to discuss the recent info surrounding Windstream Corporation (NASDAQ:WIN).

Hedge fund activity in Windstream Corporation (NASDAQ:WIN)

In preparation for the third quarter, a total of 11 of the hedge funds we track were long in this stock, a change of -31% from the first quarter. With hedgies’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes substantially.

Windstream Corporation (NASDAQ:WIN)Out of the hedge funds we follow, Nokomis Capital, managed by Brett Hendrickson, holds the largest position in Windstream Corporation (NASDAQ:WIN). Nokomis Capital has a $12.7 million position in the stock, comprising 5.1% of its 13F portfolio. Sitting at the No. 2 spot is Robert Pitts of Steadfast Capital Management, with a $10.6 million position; the fund has 0.3% of its 13F portfolio invested in the stock. Other hedge funds that hold long positions include D. E. Shaw’s D E Shaw, Jeffrey Jon Berney’s TriOaks Capital Management and Ken Griffin’s Citadel Investment Group.

Because Windstream Corporation (NASDAQ:WIN) has experienced a fall in interest from the smart money’s best and brightest, we can see that there is a sect of money managers who were dropping their entire stakes heading into Q2. Intriguingly, Patrick Halloran’s Wayzata Investment Partners dropped the biggest investment of the 450+ funds we track, worth an estimated $19.3 million in stock, and Glenn Russell Dubin of Highbridge Capital Management was right behind this move, as the fund sold off about $5.5 million worth. These transactions are interesting, as aggregate hedge fund interest fell by 5 funds heading into Q2.

What do corporate executives and insiders think about Windstream Corporation (NASDAQ:WIN)?

Bullish insider trading is at its handiest when the company in focus has seen transactions within the past six months. Over the latest 180-day time frame, Windstream Corporation (NASDAQ:WIN) has seen 4 unique insiders buying, and 1 insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to Windstream Corporation (NASDAQ:WIN). These stocks are Chunghwa Telecom Co., Ltd (ADR) (NYSE:CHT), Atlantic Tele-Network, Inc. (NASDAQ:ATNI), CenturyLink, Inc. (NYSE:CTL), TW Telecom Inc (NASDAQ:TWTC), and Frontier Communications Corp (NASDAQ:FTR). This group of stocks are the members of the telecom services – domestic industry and their market caps match WIN’s market cap.

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