Rpo LLC Takes Position in WideOpenWest, Inc. (NYSE:WOW)

Rpo LLC purchased a new stake in shares of WideOpenWest, Inc. (NYSE:WOWFree Report) during the fourth quarter, Holdings Channel reports. The fund purchased 21,203 shares of the company’s stock, valued at approximately $86,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bfsg LLC acquired a new position in WideOpenWest in the 4th quarter valued at $39,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in WideOpenWest by 44.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,343 shares of the company’s stock valued at $62,000 after buying an additional 4,704 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in WideOpenWest in the 3rd quarter worth $135,000. Oxford Asset Management LLP acquired a new stake in WideOpenWest in the 4th quarter worth $93,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in WideOpenWest in the 4th quarter worth $97,000. Institutional investors own 87.77% of the company’s stock.

Insider Activity

In other news, insider Don Schena sold 10,000 shares of WideOpenWest stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $5.00, for a total transaction of $50,000.00. Following the sale, the insider now directly owns 286,413 shares in the company, valued at approximately $1,432,065. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Don Schena sold 10,000 shares of WideOpenWest stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $5.00, for a total transaction of $50,000.00. Following the completion of the transaction, the insider now directly owns 286,413 shares of the company’s stock, valued at approximately $1,432,065. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Teresa L. Elder sold 19,111 shares of WideOpenWest stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $5.00, for a total transaction of $95,555.00. Following the transaction, the chief executive officer now directly owns 1,636,676 shares of the company’s stock, valued at $8,183,380. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,000 shares of company stock worth $150,009. Corporate insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on WOW shares. Benchmark restated a “buy” rating and issued a $8.00 price target on shares of WideOpenWest in a research report on Thursday, March 14th. Raymond James lowered shares of WideOpenWest from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th.

Read Our Latest Stock Report on WOW

WideOpenWest Price Performance

Shares of WideOpenWest stock traded up $0.02 during trading on Wednesday, hitting $4.81. 30,679 shares of the company’s stock traded hands, compared to its average volume of 667,300. The company has a debt-to-equity ratio of 3.89, a current ratio of 0.66 and a quick ratio of 0.66. The firm’s fifty day moving average price is $3.97 and its 200 day moving average price is $3.83. WideOpenWest, Inc. has a twelve month low of $2.31 and a twelve month high of $9.06. The company has a market cap of $406.78 million, a PE ratio of -1.47 and a beta of 1.39.

WideOpenWest (NYSE:WOWGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03). WideOpenWest had a negative net margin of 39.16% and a negative return on equity of 7.43%. The business had revenue of $161.50 million for the quarter, compared to analyst estimates of $161.40 million. During the same quarter last year, the firm posted ($0.46) earnings per share. WideOpenWest’s revenue was down 6.2% on a year-over-year basis. Analysts forecast that WideOpenWest, Inc. will post -0.75 earnings per share for the current year.

WideOpenWest Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WideOpenWest, Inc. (NYSE:WOWFree Report).

Institutional Ownership by Quarter for WideOpenWest (NYSE:WOW)

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