Walleye Capital LLC purchased a new stake in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 221,250 shares of the company's stock, valued at approximately $1,162,000. Walleye Capital LLC owned 0.26% of WideOpenWest at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of WOW. Gabelli Funds LLC grew its stake in shares of WideOpenWest by 91.8% during the 2nd quarter. Gabelli Funds LLC now owns 1,516,931 shares of the company's stock valued at $8,207,000 after purchasing an additional 726,000 shares during the period. Luxor Capital Group LP boosted its holdings in shares of WideOpenWest by 583.4% in the second quarter. Luxor Capital Group LP now owns 431,670 shares of the company's stock worth $2,335,000 after buying an additional 368,508 shares during the last quarter. DRW Securities LLC bought a new stake in WideOpenWest during the third quarter valued at approximately $1,190,000. LB Partners LLC grew its position in WideOpenWest by 2.1% during the second quarter. LB Partners LLC now owns 6,587,126 shares of the company's stock valued at $35,636,000 after buying an additional 135,975 shares during the period. Finally, Pekin Hardy Strauss Inc. purchased a new stake in WideOpenWest during the third quarter valued at approximately $587,000. Hedge funds and other institutional investors own 87.77% of the company's stock.
Insider Activity
In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,535,787 shares in the company, valued at $7,863,229.44. This represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.00% of the company's stock.
WideOpenWest Stock Performance
WOW traded up $0.06 during midday trading on Friday, reaching $5.11. The company had a trading volume of 213,844 shares, compared to its average volume of 558,008. The business has a 50-day moving average of $5.20 and a two-hundred day moving average of $5.23. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 4.41. WideOpenWest, Inc. has a 1 year low of $2.31 and a 1 year high of $5.80. The company has a market cap of $432.80 million, a P/E ratio of -4.56 and a beta of 1.50.
WideOpenWest (NYSE:WOW - Get Free Report) last released its earnings results on Monday, November 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.17). WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. The firm had revenue of $158.00 million during the quarter, compared to analysts' expectations of $157.46 million. During the same period in the prior year, the company posted ($1.29) earnings per share. The company's revenue was down 8.7% compared to the same quarter last year. As a group, equities research analysts predict that WideOpenWest, Inc. will post -0.61 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, Benchmark dropped their price target on shares of WideOpenWest from $8.00 to $7.50 and set a "buy" rating on the stock in a research note on Monday, August 26th.
Read Our Latest Research Report on WideOpenWest
WideOpenWest Profile
(
Free Report)
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.
Read More
![Institutional Ownership by Quarter for WideOpenWest (NYSE:WOW)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=WOW)
Before you consider WideOpenWest, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WideOpenWest wasn't on the list.
While WideOpenWest currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.