WideOpenWest, Inc. (NYSE:WOW) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in WideOpenWest, Inc. (NYSE:WOW) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,970,573 shares of the company’s stock after selling 18,741 shares during the period. Vanguard Group Inc. owned about 5.94% of WideOpenWest worth $38,025,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd boosted its holdings in WideOpenWest by 85.8% in the 1st quarter. Point72 Hong Kong Ltd now owns 3,162 shares of the company’s stock worth $55,000 after buying an additional 1,460 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in WideOpenWest in the 2nd quarter worth about $29,000. Ensign Peak Advisors Inc boosted its holdings in WideOpenWest by 19.4% in the 3rd quarter. Ensign Peak Advisors Inc now owns 10,820 shares of the company’s stock worth $133,000 after buying an additional 1,760 shares during the last quarter. Rhumbline Advisers boosted its holdings in WideOpenWest by 3.7% in the 1st quarter. Rhumbline Advisers now owns 58,069 shares of the company’s stock worth $1,013,000 after buying an additional 2,074 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in WideOpenWest by 7.4% in the 4th quarter. Raymond James & Associates now owns 30,653 shares of the company’s stock worth $279,000 after buying an additional 2,122 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “buy” rating and issued a $8.00 price objective on shares of WideOpenWest in a report on Thursday, March 14th.

WideOpenWest Trading Down 3.8 %

Shares of WideOpenWest stock opened at $3.70 on Thursday. The stock has a market cap of $307.85 million, a P/E ratio of -1.04 and a beta of 1.38. The stock’s 50 day simple moving average is $3.56 and its 200-day simple moving average is $4.53. WideOpenWest, Inc. has a 1-year low of $2.31 and a 1-year high of $11.75. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.65 and a quick ratio of 0.65.

WideOpenWest (NYSE:WOW) last issued its earnings results on Wednesday, March 13th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $168.80 million for the quarter, compared to analyst estimates of $171.13 million. WideOpenWest had a negative return on equity of 12.32% and a negative net margin of 41.90%. Analysts predict that WideOpenWest, Inc. will post -0.6 EPS for the current fiscal year.

About WideOpenWest

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.