WideOpenWest, Inc. (NYSE:WOW) Given Consensus Rating of “Buy” by Brokerages

Shares of WideOpenWest, Inc. (NYSE:WOWGet Rating) have earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $24.75.

WOW has been the topic of a number of recent analyst reports. B. Riley boosted their price target on WideOpenWest from $28.00 to $29.00 in a research report on Friday, February 25th. Zacks Investment Research downgraded WideOpenWest from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 2nd.

In related news, General Counsel Donald Craig Martin sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. Following the sale, the general counsel now owns 412,208 shares of the company’s stock, valued at $8,244,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider David Brunick sold 2,000 shares of the stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the sale, the insider now directly owns 217,152 shares in the company, valued at approximately $4,343,040. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock worth $740,000 in the last ninety days. 4.00% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of WOW. Wellington Management Group LLP grew its position in WideOpenWest by 430.3% during the third quarter. Wellington Management Group LLP now owns 1,560,199 shares of the company’s stock worth $30,659,000 after buying an additional 1,266,005 shares in the last quarter. Cardinal Capital Management LLC CT bought a new stake in WideOpenWest during the fourth quarter worth $16,955,000. Allianz Asset Management GmbH bought a new stake in WideOpenWest during the third quarter worth $13,982,000. Simcoe Capital Management LLC lifted its stake in WideOpenWest by 13.4% during the fourth quarter. Simcoe Capital Management LLC now owns 4,204,653 shares of the company’s stock worth $90,484,000 after purchasing an additional 495,680 shares during the last quarter. Finally, Bares Capital Management Inc. bought a new stake in WideOpenWest during the third quarter worth $8,633,000. 83.55% of the stock is currently owned by institutional investors and hedge funds.

WOW opened at $22.68 on Thursday. WideOpenWest has a 52-week low of $12.53 and a 52-week high of $23.92. The firm has a market capitalization of $1.99 billion, a PE ratio of 2.45 and a beta of 2.02. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50-day simple moving average is $18.62 and its 200 day simple moving average is $19.39.

WideOpenWest (NYSE:WOWGet Rating) last released its earnings results on Thursday, February 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.13). The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $183.41 million. WideOpenWest had a negative return on equity of 27.83% and a net margin of 74.52%. The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 EPS. On average, research analysts forecast that WideOpenWest will post 0.53 earnings per share for the current year.

About WideOpenWest (Get Rating)

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. Its 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 ultra-video products, as well as offers commercial-free movies, TV shows, sports, and other special event entertainment programs.

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