Pekin Hardy Strauss Inc. Invests $587,000 in WideOpenWest, Inc. (NYSE:WOW)

Pekin Hardy Strauss Inc. acquired a new position in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 111,825 shares of the company's stock, valued at approximately $587,000. Pekin Hardy Strauss Inc. owned about 0.13% of WideOpenWest at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WOW. Innealta Capital LLC acquired a new position in WideOpenWest in the second quarter valued at approximately $25,000. Burns Matteson Capital Management LLC purchased a new stake in shares of WideOpenWest during the 3rd quarter worth approximately $57,000. Intech Investment Management LLC acquired a new position in shares of WideOpenWest in the 3rd quarter valued at $69,000. Price T Rowe Associates Inc. MD grew its position in shares of 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 buying an additional 2,732 shares during the last quarter. Finally, Wedmont Private Capital acquired a new stake in WideOpenWest during the 3rd quarter worth $86,000. Institutional investors and hedge funds own 87.77% of the company's stock.

Insider Buying and Selling at WideOpenWest

In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $5.12, for a total transaction of $102,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,535,787 shares of the company's stock, valued at approximately $7,863,229.44. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is currently owned by company insiders.

WideOpenWest Stock Performance

NYSE:WOW traded up $0.02 during mid-day trading on Monday, reaching $5.36. 191,410 shares of the stock were exchanged, compared to its average volume of 568,855. The stock has a market capitalization of $454.42 million, a P/E ratio of -4.79 and a beta of 1.49. WideOpenWest, Inc. has a 1 year low of $2.31 and a 1 year high of $5.80. The company has a 50 day simple moving average of $5.21 and a 200-day simple moving average of $5.21. 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 (NYSE:WOW - Get Free Report) last announced 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 business had revenue of $158.00 million during the quarter, compared to analyst estimates of $157.46 million. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The business's revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.29) earnings per share. Analysts anticipate that WideOpenWest, Inc. will post -0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Benchmark decreased their price objective 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.

WideOpenWest 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.