Walleye Capital LLC Invests $458,000 in WideOpenWest, Inc. (NYSE:WOW)

Walleye Capital LLC purchased a new stake in shares of WideOpenWest, Inc. (NYSE:WOWGet Rating) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,160 shares of the company’s stock, valued at approximately $458,000.

Several other hedge funds also recently made changes to their positions in WOW. Point72 Hong Kong Ltd boosted its position in shares of WideOpenWest by 85.8% during the first quarter. Point72 Hong Kong Ltd now owns 3,162 shares of the company’s stock valued at $55,000 after purchasing an additional 1,460 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of WideOpenWest during the first quarter valued at approximately $120,000. Amalgamated Bank bought a new stake in shares of WideOpenWest during the first quarter valued at approximately $134,000. Teacher Retirement System of Texas boosted its position in shares of WideOpenWest by 6.8% during the first quarter. Teacher Retirement System of Texas now owns 10,760 shares of the company’s stock valued at $188,000 after purchasing an additional 682 shares in the last quarter. Finally, Engineers Gate Manager LP bought a new stake in shares of WideOpenWest during the first quarter valued at approximately $199,000. 87.64% of the stock is currently owned by institutional investors.

WideOpenWest Stock Down 3.4 %

WOW stock opened at $11.18 on Wednesday. WideOpenWest, Inc. has a 1-year low of $9.78 and a 1-year high of $22.94. The business has a fifty day moving average price of $13.79 and a 200-day moving average price of $17.28. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $980.04 million, a P/E ratio of 3.86 and a beta of 1.78.

WideOpenWest (NYSE:WOWGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). WideOpenWest had a return on equity of 1.38% and a net margin of 33.58%. The business had revenue of $173.70 million during the quarter, compared to analysts’ expectations of $175.38 million. Equities analysts forecast that WideOpenWest, Inc. will post 0.21 earnings per share for the current fiscal year.

Insider Transactions at WideOpenWest

In other news, insider Don Schena sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $18.29, for a total value of $91,450.00. Following the completion of the transaction, the insider now owns 220,225 shares in the company, valued at $4,027,915.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Don Schena sold 5,000 shares of WideOpenWest stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $18.29, for a total value of $91,450.00. Following the completion of the sale, the insider now owns 220,225 shares of the company’s stock, valued at $4,027,915.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Donald Craig Martin sold 22,000 shares of WideOpenWest stock in a transaction on Monday, September 12th. The stock was sold at an average price of $18.80, for a total value of $413,600.00. Following the completion of the sale, the general counsel now directly owns 330,208 shares of the company’s stock, valued at approximately $6,207,910.40. The disclosure for this sale can be found here. Insiders sold 32,000 shares of company stock worth $591,900 over the last quarter. 4.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WOW shares. Raymond James dropped their price target on WideOpenWest from $30.00 to $21.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 8th. B. Riley lowered their price objective on WideOpenWest from $25.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, October 14th. Credit Suisse Group lowered their price objective on WideOpenWest from $19.00 to $14.50 and set a “neutral” rating for the company in a research note on Friday, November 4th. Finally, Benchmark lowered their price objective on WideOpenWest to $18.00 in a research note on Tuesday.

WideOpenWest Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for WideOpenWest (NYSE:WOW)

Receive News & Ratings for WideOpenWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WideOpenWest and related companies with MarketBeat.com's FREE daily email newsletter.