Charles Schwab Investment Management Inc. Sells 197,196 Shares of WideOpenWest, Inc. (NYSE:WOW)

Charles Schwab Investment Management Inc. trimmed its position in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 19.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 843,304 shares of the company's stock after selling 197,196 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.99% of WideOpenWest worth $4,427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in WideOpenWest in the 2nd quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD raised its holdings in shares of WideOpenWest by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company's stock valued at $53,000 after purchasing an additional 2,732 shares during the last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of WideOpenWest in the third quarter worth $57,000. Intech Investment Management LLC acquired a new position in WideOpenWest during the third quarter worth $69,000. Finally, Wedmont Private Capital bought a new position in WideOpenWest in the third quarter valued at $86,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at WideOpenWest

In other news, CEO Teresa L. Elder sold 20,000 shares of the firm'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 sale, the chief executive officer now directly owns 1,535,787 shares of the company's stock, valued at $7,863,229.44. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.00% of the stock is owned by company insiders.

WideOpenWest Stock Down 1.4 %

WOW stock traded down $0.07 during mid-day trading on Friday, reaching $4.96. The company had a trading volume of 238,820 shares, compared to its average volume of 242,918. The company has a market capitalization of $420.51 million, a price-to-earnings ratio of -4.43 and a beta of 1.50. WideOpenWest, Inc. has a 52 week low of $2.31 and a 52 week high of $5.80. The stock has a 50 day simple moving average of $5.18 and a two-hundred day simple moving average of $5.24. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.58 and a quick ratio of 0.58.

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

Analyst Upgrades and Downgrades

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

WideOpenWest 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.