MetLife Investment Management LLC Sells 13,086 Shares of WideOpenWest, Inc. (NYSE:WOW)

MetLife Investment Management LLC lessened its holdings in WideOpenWest, Inc. (NYSE:WOW) by 45.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,630 shares of the company’s stock after selling 13,086 shares during the period. MetLife Investment Management LLC’s holdings in WideOpenWest were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WOW. Gabelli Funds LLC lifted its stake in shares of WideOpenWest by 91.8% in the 2nd quarter. Gabelli Funds LLC now owns 1,516,931 shares of the company’s stock worth $8,207,000 after purchasing an additional 726,000 shares during the period. Luxor Capital Group LP lifted its stake in shares of WideOpenWest by 583.4% in the 2nd quarter. Luxor Capital Group LP now owns 431,670 shares of the company’s stock worth $2,335,000 after purchasing an additional 368,508 shares during the period. DRW Securities LLC bought a new position in shares of WideOpenWest in the 3rd quarter worth approximately $1,190,000. LB Partners LLC increased its holdings in WideOpenWest by 2.1% in the 2nd quarter. LB Partners LLC now owns 6,587,126 shares of the company’s stock worth $35,636,000 after acquiring an additional 135,975 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new stake in WideOpenWest in the 3rd quarter worth approximately $587,000. Institutional investors own 87.77% of the company’s stock.

WideOpenWest Trading Up 1.4 %

WideOpenWest stock opened at $5.10 on Wednesday. The firm has a 50 day moving average of $5.20 and a 200 day moving average of $5.24. The firm has a market capitalization of $432.38 million, a price-to-earnings ratio of -4.55 and a beta of 1.50. WideOpenWest, Inc. has a 12-month low of $2.31 and a 12-month high of $5.80. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 4.41.

WideOpenWest (NYSE:WOW) last released its earnings results on Monday, November 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.17). The firm had revenue of $158.00 million during the quarter, compared to analysts’ expectations of $157.46 million. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. The company’s revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.29) earnings per share. As a group, research analysts predict that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

Insider Buying and Selling at WideOpenWest

In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $5.12, for a total transaction of $102,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,535,787 shares of the company’s stock, valued at $7,863,229.44. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reduced their target price on shares of WideOpenWest from $8.00 to $7.50 and set a “buy” rating for the company in a report on Monday, August 26th.

WideOpenWest 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.