Dimensional Fund Advisors LP Sells 203,929 Shares of WideOpenWest, Inc. (NYSE:WOW)

Dimensional Fund Advisors LP lessened its position in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 15.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,087,411 shares of the company's stock after selling 203,929 shares during the period. Dimensional Fund Advisors LP owned approximately 1.29% of WideOpenWest worth $5,882,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WOW. Innealta Capital LLC acquired a new stake in shares of WideOpenWest in the second quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD increased its position in WideOpenWest by 23.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company's stock valued at $53,000 after acquiring an additional 2,732 shares during the period. Bayesian Capital Management LP acquired a new stake in WideOpenWest in the 1st quarter valued at approximately $72,000. HighPoint Advisor Group LLC bought a new stake in WideOpenWest during the 4th quarter valued at $73,000. Finally, Quadrature Capital Ltd acquired a new position in WideOpenWest during the 1st quarter worth $79,000. 87.77% of the stock is currently owned by institutional investors.

WideOpenWest Price Performance

WOW stock traded down $0.01 on Wednesday, hitting $5.09. 252,481 shares of the company's stock traded hands, compared to its average volume of 592,975. The stock has a market cap of $430.45 million, a price-to-earnings ratio of -1.56 and a beta of 1.49. WideOpenWest, Inc. has a 1-year low of $2.31 and a 1-year high of $7.88. The stock has a fifty day moving average of $5.35 and a 200-day moving average of $4.86. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 4.04.

WideOpenWest (NYSE:WOW - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.01. WideOpenWest had a negative return on equity of 12.57% and a negative net margin of 26.25%. The business had revenue of $158.80 million for the quarter, compared to analysts' expectations of $159.14 million. During the same period in the previous year, the firm posted ($0.01) EPS. The company's quarterly revenue was down 8.0% on a year-over-year basis. On average, analysts forecast that WideOpenWest, Inc. will post -0.61 EPS for the current fiscal year.

Analysts Set New Price Targets

WOW has been the topic of a number of recent analyst reports. Raymond James restated an "underperform" rating on shares of WideOpenWest in a research note on Tuesday, July 2nd. Benchmark reduced their price target 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.

Insiders Place Their Bets

In other news, CEO Teresa L. Elder sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $5.29, for a total transaction of $105,800.00. Following the sale, the chief executive officer now owns 1,575,787 shares in the company, valued at $8,335,913.23. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Don Schena sold 10,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $5.29, for a total value of $52,900.00. Following the completion of the sale, the insider now directly owns 276,413 shares of the company's stock, valued at approximately $1,462,224.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Teresa L. Elder sold 20,000 shares of WideOpenWest stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $5.29, for a total value of $105,800.00. Following the transaction, the chief executive officer now directly owns 1,575,787 shares in the company, valued at approximately $8,335,913.23. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.