Rangeley Capital LLC bought a new stake in WideOpenWest, Inc. (NYSE:WOW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 750,340 shares of the company's stock, valued at approximately $3,722,000. WideOpenWest comprises approximately 3.4% of Rangeley Capital LLC's holdings, making the stock its 8th biggest holding. Rangeley Capital LLC owned approximately 0.89% of WideOpenWest at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WOW. Intech Investment Management LLC purchased a new stake in shares of WideOpenWest during the 3rd quarter worth approximately $69,000. R Squared Ltd purchased a new stake in WideOpenWest in the fourth quarter valued at $98,000. SG Americas Securities LLC boosted its stake in WideOpenWest by 17.5% in the fourth quarter. SG Americas Securities LLC now owns 35,205 shares of the company's stock valued at $175,000 after acquiring an additional 5,236 shares in the last quarter. Paloma Partners Management Co acquired a new position in WideOpenWest in the third quarter valued at $292,000. Finally, Anthracite Investment Company Inc. purchased a new position in shares of WideOpenWest during the fourth quarter worth about $357,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.
WideOpenWest Stock Performance
Shares of WideOpenWest stock traded down $0.29 on Friday, hitting $4.52. The stock had a trading volume of 756,877 shares, compared to its average volume of 462,556. The stock has a market cap of $382.76 million, a price-to-earnings ratio of -4.04 and a beta of 1.37. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 4.41. WideOpenWest, Inc. has a 52-week low of $3.33 and a 52-week high of $5.80. The company's 50 day moving average price is $4.64 and its 200 day moving average price is $4.89.
WideOpenWest (NYSE:WOW - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported ($0.13) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.03. The company had revenue of $152.60 million during the quarter, compared to analysts' expectations of $154.05 million. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. On average, research analysts anticipate that WideOpenWest, Inc. will post -0.72 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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