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

DRW Securities LLC acquired a new stake in WideOpenWest, Inc. (NYSE:WOW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 226,575 shares of the company’s stock, valued at approximately $1,190,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of WideOpenWest in the second quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD boosted its holdings in WideOpenWest by 23.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock worth $53,000 after buying an additional 2,732 shares in the last quarter. Burns Matteson Capital Management LLC bought a new stake in WideOpenWest during the third quarter worth approximately $57,000. Intech Investment Management LLC bought a new stake in WideOpenWest during the third quarter worth approximately $69,000. Finally, Bayesian Capital Management LP bought a new stake in WideOpenWest during the first quarter worth approximately $72,000. 87.77% of the stock is currently owned by institutional investors.

WideOpenWest Stock Up 0.4 %

Shares of NYSE:WOW opened at $5.36 on Tuesday. WideOpenWest, Inc. has a 1-year low of $2.31 and a 1-year high of $5.80. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50 day moving average price of $5.21 and a 200 day moving average price of $5.21.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.17). The firm had revenue of $158.00 million during the quarter, compared to analysts’ expectations of $157.46 million. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The firm’s revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the company posted ($1.29) EPS. As a group, equities analysts forecast that WideOpenWest, Inc. will post -0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Benchmark reduced their target price on shares of WideOpenWest from $8.00 to $7.50 and set a “buy” rating for the company in a report on Monday, August 26th.

Insider Activity at WideOpenWest

In related news, CEO Teresa L. Elder sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $5.12, for a total value of $102,400.00. Following the completion of the sale, the chief executive officer now owns 1,535,787 shares in the company, valued at approximately $7,863,229.44. This represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is owned by insiders.

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.