Gabelli Funds LLC Reduces Position in WideOpenWest, Inc. (NYSE:WOW)

Gabelli Funds LLC lowered its stake in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,308,374 shares of the company's stock after selling 146,557 shares during the quarter. Gabelli Funds LLC owned 1.54% of WideOpenWest worth $6,490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WOW. Rangeley Capital LLC purchased a new stake in WideOpenWest in the fourth quarter worth approximately $3,722,000. LB Partners LLC boosted its stake in shares of WideOpenWest by 6.3% during the 4th quarter. LB Partners LLC now owns 7,069,844 shares of the company's stock worth $35,066,000 after acquiring an additional 421,041 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of WideOpenWest by 271.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 501,154 shares of the company's stock valued at $2,631,000 after purchasing an additional 366,284 shares during the period. DRW Securities LLC increased its holdings in WideOpenWest by 82.4% in the 4th quarter. DRW Securities LLC now owns 413,172 shares of the company's stock valued at $2,049,000 after acquiring an additional 186,597 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of WideOpenWest in the 4th quarter worth $452,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

WideOpenWest Price Performance

Shares of NYSE:WOW traded up $0.21 on Wednesday, reaching $4.47. The company's stock had a trading volume of 177,809 shares, compared to its average volume of 367,318. WideOpenWest, Inc. has a 52-week low of $3.37 and a 52-week high of $5.80. The company has a market cap of $378.52 million, a P/E ratio of -3.99 and a beta of 1.37. The company has a 50-day simple moving average of $4.63 and a 200 day simple moving average of $4.80. 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 (NYSE:WOW - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.03. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The firm had revenue of $152.60 million during the quarter, compared to analysts' expectations of $154.05 million. As a group, equities research analysts anticipate that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal 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.