Don Schena Sells 10,000 Shares of WideOpenWest, Inc. (NYSE:WOW) Stock

WideOpenWest, Inc. (NYSE:WOW) insider Don Schena sold 10,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $5.00, for a total value of $50,000.00. Following the completion of the sale, the insider now directly owns 286,413 shares in the company, valued at approximately $1,432,065. The transaction was disclosed in a document filed with the SEC, which is available through this link.

WideOpenWest Price Performance

Shares of NYSE WOW opened at $4.66 on Thursday. The stock’s 50-day simple moving average is $3.60 and its 200-day simple moving average is $4.02. The firm has a market capitalization of $387.81 million, a PE ratio of -1.31 and a beta of 1.39. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.65 and a current ratio of 0.65. WideOpenWest, Inc. has a fifty-two week low of $2.31 and a fifty-two week high of $9.06.

WideOpenWest (NYSE:WOW) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The firm had revenue of $161.50 million for the quarter, compared to analysts’ expectations of $161.40 million. WideOpenWest had a negative return on equity of 12.32% and a negative net margin of 41.90%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.46) EPS. As a group, equities research analysts forecast that WideOpenWest, Inc. will post -0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of WOW. SG Americas Securities LLC purchased a new position in shares of WideOpenWest in the 3rd quarter valued at approximately $182,000. Raymond James & Associates grew its stake in shares of WideOpenWest by 8.8% in the 3rd quarter. Raymond James & Associates now owns 42,038 shares of the company’s stock valued at $322,000 after purchasing an additional 3,397 shares during the last quarter. Private Management Group Inc. grew its stake in shares of WideOpenWest by 63.2% in the 3rd quarter. Private Management Group Inc. now owns 439,355 shares of the company’s stock valued at $3,361,000 after purchasing an additional 170,105 shares during the last quarter. Barclays PLC grew its stake in shares of WideOpenWest by 177.0% in the 3rd quarter. Barclays PLC now owns 96,269 shares of the company’s stock valued at $737,000 after purchasing an additional 61,512 shares during the last quarter. Finally, Heartland Advisors Inc. grew its stake in shares of WideOpenWest by 97.0% in the 3rd quarter. Heartland Advisors Inc. now owns 1,004,150 shares of the company’s stock valued at $7,682,000 after purchasing an additional 494,300 shares during the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WOW has been the topic of several research analyst reports. Benchmark reissued a “buy” rating and set a $8.00 target price on shares of WideOpenWest in a research report on Thursday, March 14th. Raymond James lowered WideOpenWest from an “outperform” rating to a “market perform” rating in a research report on Wednesday.

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.