Northern Trust Corp Raises Stock Position in WideOpenWest, Inc. (NYSE:WOW)

Northern Trust Corp increased its holdings in shares of WideOpenWest, Inc. (NYSE:WOW) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,627 shares of the company’s stock after purchasing an additional 15,350 shares during the period. Northern Trust Corp owned approximately 0.50% of WideOpenWest worth $2,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in WOW. SG Americas Securities LLC raised its holdings in shares of WideOpenWest by 17.5% during the fourth quarter. SG Americas Securities LLC now owns 35,205 shares of the company’s stock worth $175,000 after purchasing an additional 5,236 shares during the last quarter. R Squared Ltd purchased a new position in shares of WideOpenWest during the fourth quarter worth $98,000. LB Partners LLC raised its holdings in shares of WideOpenWest by 6.3% during the fourth quarter. LB Partners LLC now owns 7,069,844 shares of the company’s stock worth $35,066,000 after purchasing an additional 421,041 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of WideOpenWest by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 3,256,872 shares of the company’s stock worth $16,154,000 after purchasing an additional 60,912 shares during the last quarter. Finally, Anthracite Investment Company Inc. purchased a new position in WideOpenWest in the fourth quarter valued at $357,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of WideOpenWest from a “sell” rating to a “hold” rating in a report on Thursday.

WideOpenWest Stock Up 1.6%

WOW opened at $4.24 on Monday. WideOpenWest, Inc. has a fifty-two week low of $4.03 and a fifty-two week high of $5.80. 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 fifty day moving average of $4.51 and a two-hundred day moving average of $4.67. The stock has a market capitalization of $362.16 million, a price-to-earnings ratio of -3.78 and a beta of 1.32.

WideOpenWest (NYSE:WOW) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The company had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $148.17 million. During the same quarter in the previous year, the company earned ($0.18) earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, research analysts expect that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

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.