Gabelli Funds LLC Cuts Stock Holdings in WideOpenWest, Inc. (NYSE:WOW)

Gabelli Funds LLC reduced its stake in WideOpenWest, Inc. (NYSE:WOW) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,308,374 shares of the company’s stock after selling 146,557 shares during the quarter. Gabelli Funds LLC’s holdings in WideOpenWest were worth $6,490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LB Partners LLC increased its holdings in shares of WideOpenWest by 6.3% in the 4th quarter. LB Partners LLC now owns 7,069,844 shares of the company’s stock worth $35,066,000 after buying an additional 421,041 shares during the last quarter. Barclays PLC grew its position in WideOpenWest by 263.2% in the third quarter. Barclays PLC now owns 111,766 shares of the company’s stock worth $587,000 after acquiring an additional 80,994 shares in the last quarter. JPMorgan Chase & Co. increased its stake in WideOpenWest by 271.6% in the third quarter. JPMorgan Chase & Co. now owns 501,154 shares of the company’s stock valued at $2,631,000 after acquiring an additional 366,284 shares during the last quarter. Rangeley Capital LLC purchased a new stake in WideOpenWest during the fourth quarter valued at about $3,722,000. Finally, Geode Capital Management LLC lifted its stake in WideOpenWest by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,113,504 shares of the company’s stock worth $5,847,000 after purchasing an additional 17,185 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

WideOpenWest Price Performance

WOW opened at $4.47 on Friday. The stock has a market capitalization of $378.10 million, a P/E ratio of -3.99 and a beta of 1.37. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 4.41. WideOpenWest, Inc. has a 12-month low of $3.33 and a 12-month high of $5.80. The stock has a 50-day moving average price of $4.64 and a 200-day moving average price of $4.82.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings results on Friday, March 14th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The firm had revenue of $152.60 million for the quarter, compared to the consensus estimate of $154.05 million. Equities analysts predict that WideOpenWest, Inc. will post -0.72 earnings per share for the current fiscal year.

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.