Panagora Asset Management Inc. Takes $324,000 Position in WideOpenWest, Inc. (NYSE:WOW)

Panagora Asset Management Inc. purchased a new position in shares of WideOpenWest, Inc. (NYSE:WOW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,954 shares of the company’s stock, valued at approximately $324,000. Panagora Asset Management Inc. owned about 0.07% of WideOpenWest as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WOW. LB Partners LLC raised its holdings in shares of WideOpenWest by 116.8% during the first quarter. LB Partners LLC now owns 6,451,151 shares of the company’s stock valued at $23,353,000 after acquiring an additional 3,475,190 shares during the last quarter. Alberta Investment Management Corp raised its stake in WideOpenWest by 1.5% in the 4th quarter. Alberta Investment Management Corp now owns 3,276,632 shares of the company’s stock valued at $13,270,000 after purchasing an additional 47,772 shares during the last quarter. Bares Capital Management Inc. lifted its holdings in WideOpenWest by 20.5% in the 1st quarter. Bares Capital Management Inc. now owns 3,169,204 shares of the company’s stock valued at $11,473,000 after purchasing an additional 538,770 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in WideOpenWest by 6.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,333,157 shares of the company’s stock worth $4,826,000 after purchasing an additional 80,060 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of WideOpenWest by 29.0% during the fourth quarter. Gabelli Funds LLC now owns 821,931 shares of the company’s stock worth $3,329,000 after buying an additional 184,900 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at WideOpenWest

In related news, insider Don Schena sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $5.29, for a total value of $52,900.00. Following the transaction, the insider now directly owns 276,413 shares in the company, valued at $1,462,224.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of WideOpenWest stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $5.29, for a total transaction of $105,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,575,787 shares in the company, valued at $8,335,913.23. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Don Schena sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $5.29, for a total transaction of $52,900.00. Following the completion of the sale, the insider now directly owns 276,413 shares in the company, valued at $1,462,224.77. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $263,300 in the last 90 days. Insiders own 4.00% of the company’s stock.

WideOpenWest Stock Down 1.1 %

Shares of WOW opened at $5.46 on Wednesday. WideOpenWest, Inc. has a 52-week low of $2.31 and a 52-week high of $8.24. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 4.04. The stock has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $4.55. The company has a market capitalization of $462.41 million, a PE ratio of -1.67 and a beta of 1.49.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. WideOpenWest had a negative net margin of 26.25% and a negative return on equity of 12.57%. The firm had revenue of $158.80 million during the quarter, compared to analyst estimates of $159.14 million. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. WideOpenWest’s quarterly revenue was down 8.0% on a year-over-year basis. As a group, equities analysts forecast that WideOpenWest, Inc. will post -0.61 EPS for the current year.

Analyst Ratings Changes

WOW has been the topic of a number of recent research reports. Benchmark lowered their price target on shares of WideOpenWest from $8.00 to $7.50 and set a “buy” rating on the stock in a research report on Monday, August 26th. Raymond James reissued an “underperform” rating on shares of WideOpenWest in a research note on Tuesday, July 2nd.

WideOpenWest Company Profile

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.