Rangeley Capital LLC Invests $3.72 Million in WideOpenWest, Inc. (NYSE:WOW)

Rangeley Capital LLC purchased a new position in WideOpenWest, Inc. (NYSE:WOW - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 750,340 shares of the company's stock, valued at approximately $3,722,000. WideOpenWest comprises 3.4% of Rangeley Capital LLC's investment portfolio, making the stock its 8th largest position. Rangeley Capital LLC owned about 0.89% of WideOpenWest as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WOW. LB Partners LLC lifted its holdings in shares of WideOpenWest by 6.3% during the 4th quarter. LB Partners LLC now owns 7,069,844 shares of the company's stock worth $35,066,000 after acquiring an additional 421,041 shares during the period. XTX Topco Ltd acquired a new position in shares of WideOpenWest in the 3rd quarter worth approximately $594,000. Barclays PLC lifted its position in shares of WideOpenWest by 263.2% during the 3rd quarter. Barclays PLC now owns 111,766 shares of the company's stock worth $587,000 after buying an additional 80,994 shares during the period. JPMorgan Chase & Co. raised its stake in WideOpenWest by 271.6% during the third quarter. JPMorgan Chase & Co. now owns 501,154 shares of the company's stock worth $2,631,000 after acquiring an additional 366,284 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of WideOpenWest by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,113,504 shares of the company's stock valued at $5,847,000 after acquiring an additional 17,185 shares during the period. Institutional investors own 87.77% of the company's stock.

WideOpenWest Price Performance

Shares of WOW traded up $0.16 during trading hours on Tuesday, hitting $4.49. The stock had a trading volume of 109,447 shares, compared to its average volume of 462,530. WideOpenWest, Inc. has a 52 week low of $3.33 and a 52 week high of $5.80. The stock has a market capitalization of $380.22 million, a price-to-earnings ratio of -4.01 and a beta of 1.37. The company's fifty day moving average is $4.64 and its two-hundred day moving average is $4.88. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.58 and a quick ratio of 0.58.

WideOpenWest (NYSE:WOW - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. The firm had revenue of $152.60 million during the quarter, compared to the consensus estimate of $154.05 million. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. On average, analysts anticipate that WideOpenWest, Inc. will post -0.72 EPS for the current year.

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.