TCW Group Inc. Trims Stake in WideOpenWest, Inc. (NYSE:WOW)

TCW Group Inc. trimmed its holdings in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 48.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,133 shares of the company's stock after selling 340,402 shares during the quarter. TCW Group Inc. owned about 0.44% of WideOpenWest worth $1,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in WOW. Price T Rowe Associates Inc. MD grew its holdings in shares of WideOpenWest by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company's stock worth $53,000 after acquiring an additional 2,732 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of WideOpenWest by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 172,598 shares of the company's stock worth $934,000 after acquiring an additional 8,204 shares during the period. Panagora Asset Management Inc. purchased a new stake in WideOpenWest during the 2nd quarter valued at approximately $324,000. Innealta Capital LLC bought a new position in shares of WideOpenWest during the 2nd quarter valued at about $25,000. Finally, LB Partners LLC boosted its stake in WideOpenWest by 2.1% during the second quarter. LB Partners LLC now owns 6,587,126 shares of the company's stock valued at $35,636,000 after buying an additional 135,975 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark decreased their price target on WideOpenWest from $8.00 to $7.50 and set a "buy" rating on the stock in a report on Monday, August 26th.

Insider Buying and Selling

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

WideOpenWest Stock Down 1.4 %

WideOpenWest stock traded down $0.07 during mid-day trading on Friday, reaching $4.96. 238,820 shares of the company were exchanged, compared to its average volume of 551,812. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $420.51 million, a P/E ratio of -4.43 and a beta of 1.50. The business has a fifty day moving average of $5.18 and a 200 day moving average of $5.24. WideOpenWest, Inc. has a 12-month low of $2.31 and a 12-month high of $5.80.

WideOpenWest (NYSE:WOW - Get Free Report) last released its quarterly 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 analysts' expectations of $157.46 million. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The company's quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the business posted ($1.29) earnings per share. Research analysts anticipate that WideOpenWest, Inc. will post -0.72 earnings per share for the current fiscal 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.