Neuberger Berman Group LLC lifted its holdings in shares of WideOpenWest Inc (NYSE:WOW) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 565,000 shares of the company’s stock after acquiring an additional 5,000 shares during the period. Neuberger Berman Group LLC owned 0.64% of WideOpenWest worth $8,520,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in shares of WideOpenWest during the 2nd quarter worth about $113,000. SG Americas Securities LLC acquired a new stake in shares of WideOpenWest during the 3rd quarter worth about $109,000. American International Group Inc. acquired a new stake in shares of WideOpenWest during the 3rd quarter worth about $195,000. Wells Fargo & Company MN acquired a new stake in shares of WideOpenWest during the 2nd quarter worth about $274,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of WideOpenWest during the 2nd quarter worth about $279,000. 53.79% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on WOW shares. Zacks Investment Research lowered WideOpenWest from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 18th. SunTrust Banks reissued a “buy” rating and set a $18.00 target price on shares of WideOpenWest in a research report on Tuesday, November 14th. Royal Bank of Canada cut their target price on WideOpenWest from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 22nd. Finally, UBS Group cut their target price on WideOpenWest from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $18.25.
WideOpenWest Inc (NYSE WOW) opened at $10.74 on Wednesday. The company has a market capitalization of $944.53 and a P/E ratio of 8.39. WideOpenWest Inc has a 12-month low of $8.64 and a 12-month high of $18.83. The company has a debt-to-equity ratio of -8.37, a quick ratio of 0.73 and a current ratio of 0.73.
WideOpenWest (NYSE:WOW) last released its quarterly earnings results on Monday, November 13th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.20 by $0.17. The firm had revenue of $297.80 million for the quarter, compared to analyst estimates of $302.00 million. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. equities analysts expect that WideOpenWest Inc will post 0.77 EPS for the current year.
WideOpenWest Company Profile
WideOpenWest, Inc is a cable operator in the United States. The Company provides high-speed data (HSD), cable television (Video), digital telephony (Telephony) and business-class services. The Company’s products are available either as a bundle or as an individual service to residential and business services customers.
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