WideOpenWest, Inc. (NYSE:WOW) Stake Lifted by LB Partners LLC

LB Partners LLC boosted its position in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,069,844 shares of the company's stock after purchasing an additional 421,041 shares during the period. WideOpenWest comprises 26.3% of LB Partners LLC's holdings, making the stock its biggest holding. LB Partners LLC owned approximately 8.34% of WideOpenWest worth $35,066,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of WideOpenWest by 271.6% in the third quarter. JPMorgan Chase & Co. now owns 501,154 shares of the company's stock worth $2,631,000 after buying an additional 366,284 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of WideOpenWest in the third quarter worth $1,190,000. Walleye Capital LLC acquired a new stake in shares of WideOpenWest in the third quarter worth $1,162,000. Luxor Capital Group LP increased its stake in shares of WideOpenWest by 43.0% in the third quarter. Luxor Capital Group LP now owns 617,235 shares of the company's stock worth $3,240,000 after acquiring an additional 185,565 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of WideOpenWest in the third quarter worth $594,000. 87.77% of the stock is currently owned by institutional investors.

WideOpenWest Stock Performance

WOW stock traded up $0.08 during midday trading on Wednesday, hitting $4.34. 79,664 shares of the stock traded hands, compared to its average volume of 284,318. The stock's fifty day simple moving average is $4.72 and its 200-day simple moving average is $5.09. WideOpenWest, Inc. has a 1-year low of $2.31 and a 1-year high of $5.80. The firm has a market cap of $367.52 million, a P/E ratio of -3.87 and a beta of 1.46. 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 results 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 business had revenue of $158.00 million during the quarter, compared to analysts' expectations of $157.46 million. During the same quarter last year, the company earned ($1.29) EPS. The firm's revenue for the quarter was down 8.7% compared to the same quarter last year. On average, analysts expect that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

About WideOpenWest

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.