Gabelli Funds LLC raised its holdings in WideOpenWest Inc (NYSE:WOW) by 5.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 667,000 shares of the company’s stock after buying an additional 35,000 shares during the quarter. Gabelli Funds LLC’s holdings in WideOpenWest were worth $7,050,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of WOW. Wells Fargo & Company MN bought a new stake in shares of WideOpenWest in the 2nd quarter worth approximately $274,000. Ameriprise Financial Inc. bought a new stake in shares of WideOpenWest in the 2nd quarter worth approximately $7,896,000. Nationwide Fund Advisors bought a new stake in shares of WideOpenWest in the 2nd quarter worth approximately $1,914,000. Northern Trust Corp bought a new stake in shares of WideOpenWest in the 2nd quarter worth approximately $1,790,000. Finally, Vanguard Group Inc. bought a new stake in shares of WideOpenWest in the 2nd quarter worth approximately $20,356,000. Hedge funds and other institutional investors own 53.97% of the company’s stock.
Shares of WideOpenWest Inc (NYSE:WOW) opened at $9.64 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of -8.37. WideOpenWest Inc has a 1 year low of $8.64 and a 1 year high of $18.83.
In related news, CFO Richard Edward Fish, Jr. bought 3,500 shares of the company’s stock in a transaction on Monday, December 18th. The shares were acquired at an average cost of $9.80 per share, with a total value of $34,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Patrick Mcmillin bought 10,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was bought at an average cost of $9.78 per share, for a total transaction of $97,800.00. The disclosure for this purchase can be found here. Insiders have purchased 77,007 shares of company stock worth $752,075 over the last 90 days.
A number of 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 restated a “buy” rating and set a $18.00 price target on shares of WideOpenWest in a research report on Tuesday, November 14th. UBS Group dropped their price target on WideOpenWest from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada dropped their price target on WideOpenWest from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 22nd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $18.25.
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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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