ProShare Advisors LLC Buys New Position in WideOpenWest, Inc. (NYSE:WOW)

ProShare Advisors LLC bought a new stake in shares of WideOpenWest, Inc. (NYSE:WOW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,081 shares of the company’s stock, valued at approximately $70,000.

Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of WideOpenWest by 15.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company’s stock worth $97,000 after purchasing an additional 2,657 shares during the period. Covestor Ltd boosted its position in shares of WideOpenWest by 16.0% in the fourth quarter. Covestor Ltd now owns 29,680 shares of the company’s stock worth $147,000 after purchasing an additional 4,103 shares during the period. SG Americas Securities LLC boosted its position in shares of WideOpenWest by 17.5% in 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 period. Invesco Ltd. boosted its position in shares of WideOpenWest by 1.5% in the fourth quarter. Invesco Ltd. now owns 373,597 shares of the company’s stock worth $1,853,000 after purchasing an additional 5,465 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of WideOpenWest by 27.4% in the fourth quarter. Wells Fargo & Company MN now owns 29,684 shares of the company’s stock worth $147,000 after purchasing an additional 6,391 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WOW shares. Benchmark dropped their price target on shares of WideOpenWest from $7.50 to $6.50 and set a “buy” rating for the company in a research report on Thursday, May 29th. Wall Street Zen downgraded shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, May 30th.

WideOpenWest Price Performance

WOW stock opened at $4.21 on Wednesday. WideOpenWest, Inc. has a one year low of $4.03 and a one year high of $5.80. The company’s fifty day moving average price is $4.40 and its 200-day moving average price is $4.62. 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 $359.43 million, a PE ratio of -3.75 and a beta of 1.32.

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