LGT Capital Partners LTD. Purchases 375,000 Shares of WideOpenWest, Inc. (NYSE:WOW)

LGT Capital Partners LTD. boosted its position in WideOpenWest, Inc. (NYSE:WOW) by 70.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 910,000 shares of the company’s stock after acquiring an additional 375,000 shares during the quarter. LGT Capital Partners LTD. owned 1.09% of WideOpenWest worth $3,686,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of WideOpenWest by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,292,924 shares of the company’s stock worth $64,945,000 after buying an additional 130,883 shares during the last quarter. BlackRock Inc. boosted its position in WideOpenWest by 7.1% in the second quarter. BlackRock Inc. now owns 3,999,713 shares of the company’s stock valued at $33,758,000 after buying an additional 266,005 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of WideOpenWest by 13.1% during the first quarter. Wellington Management Group LLP now owns 3,856,319 shares of the company’s stock worth $67,255,000 after buying an additional 445,917 shares during the last quarter. Alberta Investment Management Corp lifted its stake in shares of WideOpenWest by 26.9% in the 3rd quarter. Alberta Investment Management Corp now owns 3,228,860 shares of the company’s stock valued at $24,701,000 after acquiring an additional 684,699 shares during the last quarter. Finally, Brown Advisory Inc. boosted its holdings in shares of WideOpenWest by 3.5% during the 3rd quarter. Brown Advisory Inc. now owns 2,364,385 shares of the company’s stock valued at $18,088,000 after acquiring an additional 80,200 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

WideOpenWest Stock Performance

Shares of NYSE:WOW opened at $3.63 on Friday. WideOpenWest, Inc. has a 52 week low of $2.31 and a 52 week high of $11.75. The firm’s fifty day moving average is $3.57 and its 200-day moving average is $4.80. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 3.55.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of WideOpenWest in a research report on Thursday, March 14th.

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.