Marshall Wace LLP bought a new position in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 100,960 shares of the company's stock, valued at approximately $546,000. Marshall Wace LLP owned about 0.12% of WideOpenWest at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. Innealta Capital LLC bought a new stake in shares of WideOpenWest in the 2nd quarter valued at $25,000. Price T Rowe Associates Inc. MD raised its position in shares of WideOpenWest by 23.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company's stock worth $53,000 after purchasing an additional 2,732 shares during the period. Bayesian Capital Management LP bought a new position in shares of WideOpenWest during the 1st quarter valued at about $72,000. HighPoint Advisor Group LLC acquired a new position in shares of WideOpenWest in the 4th quarter valued at approximately $73,000. Finally, Quadrature Capital Ltd bought a new stake in WideOpenWest during the 1st quarter worth approximately $79,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.
WideOpenWest Stock Performance
WideOpenWest stock traded up $0.04 during midday trading on Thursday, reaching $5.14. 259,362 shares of the company's stock were exchanged, compared to its average volume of 591,273. The stock's 50-day simple moving average is $5.35 and its 200 day simple moving average is $4.86. The firm has a market cap of $434.25 million, a price-to-earnings ratio of -1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 4.04, a quick ratio of 0.62 and a current ratio of 0.62. WideOpenWest, Inc. has a 52 week low of $2.31 and a 52 week high of $7.88.
WideOpenWest (NYSE:WOW - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, beating 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 quarter in the prior year, the business earned ($0.01) EPS. The firm's revenue for the quarter was down 8.0% on a year-over-year basis. On average, analysts expect that WideOpenWest, Inc. will post -0.61 earnings per share for the current fiscal year.
Analyst Ratings Changes
WOW has been the subject of a number of research reports. Raymond James reiterated an "underperform" rating on shares of WideOpenWest in a report on Tuesday, July 2nd. Benchmark decreased their price objective on WideOpenWest from $8.00 to $7.50 and set a "buy" rating for the company in a report on Monday, August 26th.
Check Out Our Latest Research Report on WideOpenWest
Insider Transactions at WideOpenWest
In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $5.29, for a total transaction of $105,800.00. Following the transaction, the chief executive officer now owns 1,575,787 shares in the company, valued at $8,335,913.23. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the 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 transaction, the chief executive officer now owns 1,575,787 shares in the company, valued at $8,335,913.23. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Don Schena sold 10,000 shares of WideOpenWest 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 $52,900.00. Following the completion of the sale, the insider now owns 276,413 shares of the company's stock, valued at approximately $1,462,224.77. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.
About WideOpenWest
(
Free Report)
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.
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