226,575 Shares in WideOpenWest, Inc. (NYSE:WOW) Purchased by DRW Securities LLC

DRW Securities LLC acquired a new position in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 226,575 shares of the company's stock, valued at approximately $1,190,000. DRW Securities LLC owned about 0.27% of WideOpenWest as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gabelli Funds LLC boosted its stake in WideOpenWest by 91.8% in the 2nd quarter. Gabelli Funds LLC now owns 1,516,931 shares of the company's stock worth $8,207,000 after buying an additional 726,000 shares during the last quarter. Luxor Capital Group LP boosted its position 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 acquiring an additional 368,508 shares during the last quarter. LB Partners LLC grew its holdings in WideOpenWest by 2.1% in the second quarter. LB Partners LLC now owns 6,587,126 shares of the company's stock valued at $35,636,000 after purchasing an additional 135,975 shares during the period. Pekin Hardy Strauss Inc. purchased a new stake in shares of WideOpenWest during the 3rd quarter valued at $587,000. Finally, Marshall Wace LLP acquired a new stake in WideOpenWest during the second quarter worth about $546,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

WideOpenWest Stock Down 2.6 %

WideOpenWest stock traded down $0.14 during trading on Tuesday, reaching $5.21. 143,072 shares of the company's stock were exchanged, compared to its average volume of 566,996. The company's 50-day moving average is $5.21 and its two-hundred day moving average is $5.21. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.58 and a current ratio of 0.58. WideOpenWest, Inc. has a 52-week low of $2.31 and a 52-week high of $5.80. The firm has a market cap of $441.70 million, a price-to-earnings ratio of -4.71 and a beta of 1.49.

WideOpenWest (NYSE:WOW - Get Free Report) last announced its 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 for the quarter, compared to analysts' expectations of $157.46 million. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The business's quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.29) earnings per share. On average, analysts predict that WideOpenWest, Inc. will post -0.61 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Transactions at WideOpenWest

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

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.