XTX Topco Ltd Makes New $594,000 Investment in WideOpenWest, Inc. (NYSE:WOW)

XTX Topco Ltd acquired a new stake in shares of WideOpenWest, Inc. (NYSE:WOW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 113,152 shares of the company’s stock, valued at approximately $594,000. XTX Topco Ltd owned 0.13% of WideOpenWest at the end of the most recent quarter.

A number of other large investors have also modified their holdings of WOW. Innealta Capital LLC acquired a new stake in WideOpenWest during the second quarter worth $25,000. Burns Matteson Capital Management LLC bought a new position in shares of WideOpenWest during the 3rd quarter worth about $57,000. Corsair Capital Management L.P. acquired a new stake in shares of WideOpenWest during the 3rd quarter valued at about $63,000. Intech Investment Management LLC bought a new stake in WideOpenWest in the third quarter valued at about $69,000. Finally, Price T Rowe Associates Inc. MD raised its position in WideOpenWest by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock worth $53,000 after purchasing an additional 2,732 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Teresa L. Elder sold 20,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $5.12, for a total value of $102,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,535,787 shares in the company, valued at approximately $7,863,229.44. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 4.00% of the stock is currently owned by corporate insiders.

WideOpenWest Stock Performance

WideOpenWest stock opened at $5.03 on Friday. WideOpenWest, Inc. has a 52-week low of $2.31 and a 52-week high of $5.80. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a fifty day moving average price of $5.19 and a two-hundred day moving average price of $5.24. The firm has a market capitalization of $425.99 million, a P/E ratio of -4.49 and a beta of 1.50.

WideOpenWest (NYSE:WOW) last announced its earnings results on Monday, November 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.17). The firm had revenue of $158.00 million for the quarter, compared to analyst estimates of $157.46 million. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the business earned ($1.29) EPS. As a group, analysts anticipate that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Benchmark lowered their price objective on WideOpenWest from $8.00 to $7.50 and set a “buy” rating on the stock in a research note on Monday, August 26th.

WideOpenWest Company Profile

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.