Why You Should Invest In These Cheap Public Utilities Stocks

4. Windstream Holdings Inc. (NASDAQ:WIN)

Investors with Long Positions (as of June 30): 21

Aggregate Value of Investors’ Holdings (as of June 30): $72.64 Million

Three more hedge funds within our database had Windstream Holdings Inc. (NASDAQ:WIN) among their holdings at the end of the second quarter than at the beginning, whereas the value of their investments in the stock shrank by $34.36 million. Windstream, a telecom company that provides cloud computing, and broadband and voice services, spun off its infrastructure assets as Communications Sales & Leasing Inc (NASDAQ:CSAL) earlier this year, which triggered a strong wave of selloffs of the company’s stock. However, the company delivered a brilliant stock performance in August, when its shares gained 48%, mainly thanks to the company’s strong second quarter financial results. Sandell Asset Management, founded by Tom Sandell, acquired a 2.57 million-share stake in Windstream Holdings Inc. (NASDAQ:WIN) during the recent quarter.

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