MYDA Advisors LLC increased its position in WideOpenWest, Inc. (NYSE:WOW) by 262.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,013 shares of the company’s stock after acquiring an additional 118,013 shares during the period. MYDA Advisors LLC owned approximately 0.19% of WideOpenWest worth $2,215,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in WOW. Lazard Asset Management LLC acquired a new stake in WideOpenWest during the 4th quarter valued at $35,000. New York State Teachers Retirement System acquired a new stake in WideOpenWest during the 1st quarter valued at $60,000. UBS Group AG grew its holdings in WideOpenWest by 51.6% during the 1st quarter. UBS Group AG now owns 7,847 shares of the company’s stock valued at $106,000 after buying an additional 2,672 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of WideOpenWest during the 4th quarter worth $110,000. Finally, ProShare Advisors LLC purchased a new position in shares of WideOpenWest during the 4th quarter worth $124,000. Hedge funds and other institutional investors own 78.23% of the company’s stock.
WOW has been the topic of several research reports. Benchmark initiated coverage on WideOpenWest in a research report on Thursday, June 3rd. They issued a “buy” rating and a $25.00 target price on the stock. B. Riley reaffirmed a “buy” rating on shares of WideOpenWest in a research report on Friday, May 14th. Truist Securities raised WideOpenWest from a “hold” rating to a “buy” rating and increased their target price for the stock from $12.00 to $25.00 in a research report on Wednesday, May 5th. KeyCorp raised their target price on WideOpenWest from $13.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Finally, Zacks Investment Research downgraded WideOpenWest from a “hold” rating to a “sell” rating in a research note on Wednesday, May 12th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. WideOpenWest has an average rating of “Buy” and a consensus price target of $21.00.
WideOpenWest (NYSE:WOW) last posted its quarterly earnings results on Tuesday, May 4th. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). WideOpenWest had a negative return on equity of 14.27% and a net margin of 2.08%. On average, analysts predict that WideOpenWest, Inc. will post 0.59 EPS for the current fiscal year.
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; 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 ultra-video products, as well as offers commercial-free movies, TV shows, sports, and other special event entertainment programs.
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