Bares Capital Management Inc. Sells 3,157,141 Shares of WideOpenWest, Inc. (NYSE:WOW)

Bares Capital Management Inc. lowered its position in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 97.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,729 shares of the company's stock after selling 3,157,141 shares during the period. WideOpenWest accounts for 0.0% of Bares Capital Management Inc.'s portfolio, making the stock its 17th largest holding. Bares Capital Management Inc. owned 0.10% of WideOpenWest worth $424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WOW. Innealta Capital LLC bought a new stake in shares of WideOpenWest in the second quarter valued at approximately $25,000. Burns Matteson Capital Management LLC bought a new position in WideOpenWest in the third quarter worth $57,000. Corsair Capital Management L.P. bought a new position in WideOpenWest in the third quarter worth $63,000. Intech Investment Management LLC bought a new position in WideOpenWest in the third quarter worth $69,000. Finally, Price T Rowe Associates Inc. MD lifted its position in WideOpenWest by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company's stock worth $53,000 after purchasing an additional 2,732 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Insiders Place Their Bets

In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $5.12, for a total transaction of $102,400.00. Following the transaction, the chief executive officer now owns 1,535,787 shares in the company, valued at approximately $7,863,229.44. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.00% of the company's stock.

WideOpenWest Price Performance

Shares of NYSE:WOW traded up $0.07 during midday trading on Tuesday, reaching $5.10. The company's stock had a trading volume of 333,702 shares, compared to its average volume of 555,859. WideOpenWest, Inc. has a fifty-two week low of $2.31 and a fifty-two week high of $5.80. The company has a market capitalization of $432.38 million, a P/E ratio of -4.50 and a beta of 1.50. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.58 and a quick ratio of 0.58. The business's fifty day simple moving average is $5.20 and its 200-day simple moving average is $5.24.

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

Wall Street Analyst Weigh In

Separately, Benchmark reduced their target price on WideOpenWest from $8.00 to $7.50 and set a "buy" rating for the company in a research report on Monday, August 26th.

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.