Deutsche Bank AG Buys 21,155 Shares of WideOpenWest, Inc. (NYSE:WOW)

Deutsche Bank AG lifted its stake in shares of WideOpenWest, Inc. (NYSE:WOW) by 66.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,166 shares of the company’s stock after purchasing an additional 21,155 shares during the period. Deutsche Bank AG owned 0.06% of WideOpenWest worth $264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WOW. LB Partners LLC raised its stake in WideOpenWest by 6.3% in the 4th quarter. LB Partners LLC now owns 7,069,844 shares of the company’s stock valued at $35,066,000 after acquiring an additional 421,041 shares during the period. Vanguard Group Inc. raised its stake in WideOpenWest by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 3,256,872 shares of the company’s stock valued at $16,154,000 after acquiring an additional 60,912 shares during the period. Gamco Investors INC. ET AL raised its stake in WideOpenWest by 2.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,393,244 shares of the company’s stock valued at $6,910,000 after acquiring an additional 37,475 shares during the period. Geode Capital Management LLC raised its stake in WideOpenWest by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,127,691 shares of the company’s stock valued at $5,595,000 after acquiring an additional 14,187 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its stake in WideOpenWest by 32.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,108,298 shares of the company’s stock valued at $5,497,000 after acquiring an additional 273,737 shares during the period. Institutional investors own 87.77% of the company’s stock.

WideOpenWest Stock Down 1.4%

Shares of NYSE WOW opened at $4.24 on Monday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.58 and a current ratio of 0.58. WideOpenWest, Inc. has a 52 week low of $4.03 and a 52 week high of $5.80. The stock has a market capitalization of $362.42 million, a P/E ratio of -3.79 and a beta of 1.32. The stock’s fifty day moving average is $4.44 and its 200 day moving average is $4.63.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. The company had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $148.17 million. During the same quarter last year, the business earned ($0.18) earnings per share. WideOpenWest’s revenue was down 7.1% on a year-over-year basis. Sell-side analysts forecast that WideOpenWest, Inc. will post -0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WOW has been the topic of a number of research analyst reports. Wall Street Zen cut WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday. Benchmark decreased their price objective on WideOpenWest from $7.50 to $6.50 and set a “buy” rating on the stock in a report on Thursday.

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.