Private Management Group Inc. trimmed its holdings in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) by 60.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 389,251 shares of the company's stock after selling 583,906 shares during the period. Private Management Group Inc. owned about 0.46% of WideOpenWest worth $2,044,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the business. LB Partners LLC boosted its holdings in WideOpenWest by 0.9% during the third quarter. LB Partners LLC now owns 6,648,803 shares of the company's stock worth $34,906,000 after buying an additional 61,677 shares in the last quarter. Bares Capital Management Inc. grew its holdings in shares of WideOpenWest by 20.5% in the 1st quarter. Bares Capital Management Inc. now owns 3,169,204 shares of the company's stock worth $11,473,000 after acquiring an additional 538,770 shares during the period. 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 valued at $8,207,000 after purchasing an additional 726,000 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in WideOpenWest by 6.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,333,157 shares of the company's stock valued at $4,826,000 after purchasing an additional 80,060 shares in the last quarter. Finally, Luxor Capital Group LP raised its holdings in WideOpenWest by 583.4% during the second quarter. Luxor Capital Group LP now owns 431,670 shares of the company's stock worth $2,335,000 after purchasing an additional 368,508 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Benchmark dropped their price target on WideOpenWest from $8.00 to $7.50 and set a "buy" rating for the company in a research report on Monday, August 26th.
Read Our Latest Report on WOW
WideOpenWest Price Performance
Shares of WOW stock traded up $0.18 during trading hours on Friday, hitting $5.17. The company's stock had a trading volume of 445,071 shares, compared to its average volume of 424,188. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 4.04. The business has a fifty day moving average of $5.25 and a 200-day moving average of $5.03. WideOpenWest, Inc. has a twelve month low of $2.31 and a twelve month high of $7.88. The stock has a market cap of $437.85 million, a price-to-earnings ratio of -2.42 and a beta of 1.49.
WideOpenWest (NYSE:WOW - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.13) EPS 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 firm 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 firm earned ($0.01) EPS. WideOpenWest's quarterly revenue was down 8.0% on a year-over-year basis. As a group, equities research analysts anticipate that WideOpenWest, Inc. will post -0.61 EPS for the current year.
WideOpenWest Profile
(
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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