WideOpenWest (NYSE:WOW) Stock Price Down 0.1% – Should You Sell?

WideOpenWest, Inc. (NYSE:WOW)’s share price traded down 0.1% during mid-day trading on Monday . The stock traded as low as $5.20 and last traded at $5.2050. 744,367 shares were traded during mid-day trading, an increase of 46% from the average session volume of 510,635 shares. The stock had previously closed at $5.21.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of WideOpenWest in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $5.85.

WideOpenWest Trading Down 0.1%

The business has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $4.75. The stock has a market capitalization of $446.07 million, a price-to-earnings ratio of -5.48 and a beta of 0.82. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.58 and a quick ratio of 0.58.

WideOpenWest (NYSE:WOW) last posted its earnings results on Wednesday, November 5th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.23). The business had revenue of $144.00 million for the quarter, compared to the consensus estimate of $144.06 million. WideOpenWest had a negative return on equity of 42.52% and a negative net margin of 13.20%. As a group, equities analysts expect that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

Hedge Funds Weigh In On WideOpenWest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WOW. Caitong International Asset Management Co. Ltd increased its holdings in WideOpenWest by 485.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,732 shares of the company’s stock worth $30,000 after purchasing an additional 4,753 shares in the last quarter. FNY Investment Advisers LLC raised its position in WideOpenWest by 60.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company’s stock valued at $32,000 after buying an additional 3,000 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in WideOpenWest by 21.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,544 shares of the company’s stock valued at $65,000 after acquiring an additional 2,201 shares in the last quarter. Longfellow Investment Management Co. LLC bought a new stake in WideOpenWest in the 3rd quarter valued at approximately $76,000. Finally, Verition Fund Management LLC acquired a new position in WideOpenWest during the 3rd quarter worth approximately $76,000. 87.77% of the stock is owned by institutional investors and hedge funds.

About WideOpenWest

WideOpenWest Inc (NYSE: WOW) is a broadband communications company that delivers internet, video and voice services to residential and business customers in the United States. Operating under the WOW! brand, the company focuses on high-speed internet access, digital cable programming and VoIP phone services, targeting both urban and suburban markets with bundled offerings designed to meet varying connectivity needs.

Founded in 1996, WideOpenWest has grown through a combination of organic expansion and strategic acquisitions.