LB Partners LLC Increases Position in WideOpenWest, Inc. (NYSE:WOW)

LB Partners LLC raised its position in shares of WideOpenWest, Inc. (NYSE:WOW) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,648,803 shares of the company’s stock after purchasing an additional 61,677 shares during the period. WideOpenWest comprises 30.3% of LB Partners LLC’s portfolio, making the stock its biggest position. LB Partners LLC owned 0.08% of WideOpenWest worth $34,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WOW. HighPoint Advisor Group LLC bought a new position in shares of WideOpenWest during the fourth quarter valued at approximately $73,000. BNP Paribas Financial Markets raised its position in shares of WideOpenWest by 33.3% in the 1st quarter. BNP Paribas Financial Markets now owns 54,088 shares of the company’s stock worth $196,000 after acquiring an additional 13,505 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of WideOpenWest during the 1st quarter worth $134,000. Gamco Investors INC. ET AL grew its stake in WideOpenWest by 6.4% in the first quarter. Gamco Investors INC. ET AL now owns 1,333,157 shares of the company’s stock valued at $4,826,000 after purchasing an additional 80,060 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in WideOpenWest in the first quarter worth about $79,000. Institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WOW shares. Benchmark decreased their target price on shares of WideOpenWest from $8.00 to $7.50 and set a “buy” rating for the company in a research report on Monday, August 26th. Raymond James restated an “underperform” rating on shares of WideOpenWest in a report on Tuesday, July 2nd.

WideOpenWest Stock Performance

Shares of NYSE:WOW traded down $0.12 during trading on Monday, hitting $4.93. The stock had a trading volume of 369,395 shares, compared to its average volume of 592,267. WideOpenWest, Inc. has a 12-month low of $2.31 and a 12-month high of $7.88. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 4.04. The stock has a market capitalization of $416.92 million, a price-to-earnings ratio of -1.52 and a beta of 1.49. The stock has a 50-day simple moving average of $5.33 and a two-hundred day simple moving average of $4.94.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01. The business had revenue of $158.80 million during the quarter, compared to analysts’ expectations of $159.14 million. WideOpenWest had a negative return on equity of 12.57% and a negative net margin of 26.25%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) EPS. On average, equities research analysts expect that WideOpenWest, Inc. will post -0.61 earnings per share for the current fiscal year.

Insider Activity at WideOpenWest

In related news, CEO Teresa L. Elder sold 20,000 shares of WideOpenWest stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $5.29, for a total value of $105,800.00. Following the completion of the transaction, the chief executive officer now owns 1,575,787 shares in the company, valued at $8,335,913.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $5.29, for a total transaction of $105,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,575,787 shares in the company, valued at approximately $8,335,913.23. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Don Schena sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $5.29, for a total transaction of $52,900.00. Following the sale, the insider now directly owns 276,413 shares of the company’s stock, valued at $1,462,224.77. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

About WideOpenWest

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. The company's video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and commercial-free movies, TV shows, sports, and other special event entertainment programs.