Luxor Capital Group LP Raises Stock Position in WideOpenWest, Inc. (NYSE:WOW)

Luxor Capital Group LP raised its holdings in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) by 43.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 617,235 shares of the company's stock after purchasing an additional 185,565 shares during the quarter. WideOpenWest accounts for about 0.2% of Luxor Capital Group LP's portfolio, making the stock its 23rd largest position. Luxor Capital Group LP owned about 0.73% of WideOpenWest worth $3,240,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. LB Partners LLC lifted its stake in shares of WideOpenWest by 0.9% during the 3rd quarter. LB Partners LLC now owns 6,648,803 shares of the company's stock worth $34,906,000 after acquiring an additional 61,677 shares during the last quarter. Gabelli Funds LLC increased 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 period. State Street Corp increased its stake in WideOpenWest by 0.3% in the 3rd quarter. State Street Corp now owns 1,048,205 shares of the company's stock worth $5,503,000 after buying an additional 2,838 shares during the period. DRW Securities LLC purchased a new position in WideOpenWest in the 3rd quarter worth about $1,190,000. Finally, Walleye Capital LLC purchased a new position in WideOpenWest in the 3rd quarter worth about $1,162,000. 87.77% of the stock is currently owned by institutional investors.

WideOpenWest Trading Down 1.6 %

Shares of NYSE:WOW traded down $0.08 during trading on Monday, reaching $5.02. The stock had a trading volume of 186,268 shares, compared to its average volume of 556,429. The firm's 50-day simple moving average is $5.20 and its 200 day simple moving average is $5.23. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 4.41. WideOpenWest, Inc. has a one year low of $2.31 and a one year high of $5.80.

WideOpenWest (NYSE:WOW - Get Free Report) last released its earnings results on Monday, November 4th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.17). The company 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%. The firm's revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter last 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 year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CEO Teresa L. Elder sold 20,000 shares of WideOpenWest stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $5.12, for a total transaction of $102,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,535,787 shares of the company's stock, 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. Insiders own 4.00% of the company's stock.

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.