Benchmark Reiterates Buy Rating for WideOpenWest (NYSE:WOW)

WideOpenWest (NYSE:WOW)‘s stock had its “buy” rating restated by analysts at Benchmark in a research note issued to investors on Thursday, Benzinga reports. They presently have a $8.00 price target on the stock. Benchmark’s price objective points to a potential upside of 163.59% from the company’s previous close.

WideOpenWest Price Performance

Shares of WOW stock remained flat at $3.04 on Thursday. 749,233 shares of the stock were exchanged, compared to its average volume of 704,148. WideOpenWest has a 52-week low of $2.31 and a 52-week high of $11.75. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.65 and a quick ratio of 0.69. The firm has a market capitalization of $253.82 million, a PE ratio of -0.86 and a beta of 1.40. The firm has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $5.05.

Institutional Trading of WideOpenWest

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates raised its position in WideOpenWest by 36.9% during the first quarter. Raymond James & Associates now owns 26,310 shares of the company’s stock valued at $459,000 after purchasing an additional 7,094 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of WideOpenWest by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 337,494 shares of the company’s stock valued at $5,885,000 after purchasing an additional 16,558 shares in the last quarter. American Century Companies Inc. raised its stake in WideOpenWest by 650.6% in the first quarter. American Century Companies Inc. now owns 90,595 shares of the company’s stock worth $1,580,000 after buying an additional 78,525 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of WideOpenWest by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 28,115 shares of the company’s stock worth $490,000 after acquiring an additional 10,025 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in WideOpenWest by 3.7% during the first quarter. Rhumbline Advisers now owns 58,069 shares of the company’s stock valued at $1,013,000 after buying an additional 2,074 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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.