WideOpenWest Inc (NYSE:WOW) Director Crestview Partners Iii Gp, L.P acquired 51,481 shares of the stock in a transaction on Thursday, September 12th. The shares were bought at an average price of $5.69 per share, for a total transaction of $292,926.89.
WideOpenWest stock opened at $6.40 on Thursday. The stock’s fifty day moving average price is $5.93 and its two-hundred day moving average price is $7.60. WideOpenWest Inc has a one year low of $4.98 and a one year high of $12.38. The firm has a market cap of $499.24 million, a PE ratio of 5.57 and a beta of 1.53.
WideOpenWest (NYSE:WOW) last issued its earnings results on Friday, August 2nd. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.03). The business had revenue of $289.70 million during the quarter, compared to analyst estimates of $290.48 million. WideOpenWest had a net margin of 5.58% and a negative return on equity of 25.18%. On average, equities analysts expect that WideOpenWest Inc will post 0.67 earnings per share for the current year.
A number of research firms have commented on WOW. SunTrust Banks lowered WideOpenWest from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $17.00 to $7.50 in a research note on Monday, August 5th. Stephens began coverage on WideOpenWest in a research note on Wednesday, June 26th. They set an “equal weight” rating and a $10.00 price objective on the stock. Macquarie began coverage on WideOpenWest in a research note on Wednesday, June 19th. They set a “hold” rating and a $9.00 price objective on the stock. ValuEngine lowered WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. Finally, Zacks Investment Research lowered WideOpenWest from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. WideOpenWest currently has a consensus rating of “Hold” and an average target price of $10.46.
Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in shares of WideOpenWest by 17.8% in the 2nd quarter. Jane Street Group LLC now owns 13,724 shares of the company’s stock valued at $100,000 after purchasing an additional 2,076 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of WideOpenWest by 13.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 24,132 shares of the company’s stock valued at $175,000 after purchasing an additional 2,917 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of WideOpenWest by 115.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,965 shares of the company’s stock valued at $63,000 after purchasing an additional 3,738 shares in the last quarter. Strs Ohio boosted its holdings in shares of WideOpenWest by 7.4% in the 2nd quarter. Strs Ohio now owns 56,400 shares of the company’s stock valued at $409,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of WideOpenWest in the 2nd quarter valued at $32,000. 57.18% of the stock is currently owned by hedge funds and other institutional investors.
WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; and ultra-video products, as well as offers commercial-free movies, sports, and other special event entertainment programs.
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