Barclays PLC Grows Holdings in WideOpenWest, Inc. (NYSE:WOW)

Barclays PLC raised its stake in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) by 263.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,766 shares of the company's stock after purchasing an additional 80,994 shares during the period. Barclays PLC owned 0.13% of WideOpenWest worth $587,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Burns Matteson Capital Management LLC purchased a new position in WideOpenWest in the 3rd quarter valued at about $57,000. Corsair Capital Management L.P. acquired a new position in shares of WideOpenWest during the third quarter valued at approximately $63,000. Intech Investment Management LLC purchased a new position in shares of WideOpenWest in the third quarter valued at approximately $69,000. Wedmont Private Capital acquired a new stake in shares of WideOpenWest in the third quarter worth approximately $86,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of WideOpenWest during the third quarter worth approximately $110,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Insider Activity

In other news, CEO Teresa L. Elder sold 20,000 shares of WideOpenWest stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $5.12, for a total transaction of $102,400.00. Following the sale, the chief executive officer now owns 1,535,787 shares of the company's stock, valued at approximately $7,863,229.44. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.00% of the company's stock.

WideOpenWest Price Performance

WOW stock traded down $0.03 during mid-day trading on Friday, reaching $4.50. The company's stock had a trading volume of 258,530 shares, compared to its average volume of 246,348. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 4.41. The company's 50 day moving average is $4.96 and its two-hundred day moving average is $5.17. WideOpenWest, Inc. has a fifty-two week low of $2.31 and a fifty-two week high of $5.80. The stock has a market cap of $381.09 million, a PE ratio of -4.01 and a beta of 1.48.

WideOpenWest (NYSE:WOW - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.17). The company had revenue of $158.00 million during the quarter, compared to analyst estimates of $157.46 million. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. WideOpenWest's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.29) EPS. Equities research analysts expect that WideOpenWest, Inc. will post -0.72 EPS for the current year.

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.