Vanguard Group Inc. Increases Position in WideOpenWest, Inc. (NYSE:WOW)

Vanguard Group Inc. raised its stake in WideOpenWest, Inc. (NYSE:WOW) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,256,872 shares of the company’s stock after purchasing an additional 60,912 shares during the quarter. Vanguard Group Inc. owned about 3.84% of WideOpenWest worth $16,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LB Partners LLC raised its position in WideOpenWest by 6.3% in the fourth quarter. LB Partners LLC now owns 7,069,844 shares of the company’s stock valued at $35,066,000 after purchasing an additional 421,041 shares during the period. Geode Capital Management LLC increased its position in WideOpenWest by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,113,504 shares of the company’s stock valued at $5,847,000 after acquiring an additional 17,185 shares during the period. State Street Corp lifted its holdings in WideOpenWest by 0.3% in the third quarter. State Street Corp now owns 1,048,205 shares of the company’s stock worth $5,503,000 after purchasing an additional 2,838 shares during the period. JPMorgan Chase & Co. increased its stake in shares of WideOpenWest by 271.6% during the third quarter. JPMorgan Chase & Co. now owns 501,154 shares of the company’s stock valued at $2,631,000 after acquiring an additional 366,284 shares during the period. Finally, Barclays PLC boosted its stake in WideOpenWest by 263.2% during the third quarter. Barclays PLC now owns 111,766 shares of the company’s stock valued at $587,000 after buying an additional 80,994 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

WideOpenWest Price Performance

Shares of NYSE:WOW opened at $4.47 on Friday. The stock has a fifty day moving average of $4.64 and a 200-day moving average of $4.82. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $378.10 million, a PE ratio of -3.99 and a beta of 1.37. WideOpenWest, Inc. has a one year low of $3.33 and a one year high of $5.80.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings results on Friday, March 14th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.03. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The business had revenue of $152.60 million during the quarter, compared to analysts’ expectations of $154.05 million. As a group, equities analysts anticipate that WideOpenWest, Inc. will post -0.72 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.