WideOpenWest, Inc. (NYSE:WOW) Sees Large Increase in Short Interest

WideOpenWest, Inc. (NYSE:WOWGet Rating) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 2,660,000 shares, an increase of 16.7% from the June 30th total of 2,280,000 shares. Based on an average daily trading volume, of 776,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 5.0% of the company’s shares are short sold.

Insider Transactions at WideOpenWest

In other news, General Counsel Donald Craig Martin sold 18,232 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $21.36, for a total transaction of $389,435.52. Following the completion of the sale, the general counsel now directly owns 392,208 shares in the company, valued at $8,377,562.88. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On WideOpenWest

A number of large investors have recently bought and sold shares of WOW. Point72 Hong Kong Ltd acquired a new stake in WideOpenWest in the fourth quarter worth $37,000. Lazard Asset Management LLC bought a new position in shares of WideOpenWest in the fourth quarter valued at $58,000. Quantbot Technologies LP bought a new position in shares of WideOpenWest in the first quarter valued at $120,000. Amalgamated Bank bought a new position in shares of WideOpenWest in the first quarter valued at $134,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of WideOpenWest by 6.8% in the first quarter. Teacher Retirement System of Texas now owns 10,760 shares of the company’s stock valued at $188,000 after buying an additional 682 shares in the last quarter. 85.61% of the stock is currently owned by institutional investors and hedge funds.

WideOpenWest Trading Down 0.8 %

NYSE:WOW opened at $18.98 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 2.06 and a beta of 1.69. The firm has a fifty day simple moving average of $18.96 and a two-hundred day simple moving average of $19.10. WideOpenWest has a 12 month low of $15.96 and a 12 month high of $23.92.

WideOpenWest (NYSE:WOWGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The company had revenue of $174.60 million during the quarter, compared to analyst estimates of $172.90 million. WideOpenWest had a negative return on equity of 12.36% and a net margin of 83.12%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. Analysts expect that WideOpenWest will post 0.34 EPS for the current fiscal year.

WideOpenWest Company Profile

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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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