Kingsview Wealth Management LLC Grows Stock Position in WideOpenWest, Inc. (NYSE:WOW)

Kingsview Wealth Management LLC grew its position in WideOpenWest, Inc. (NYSE:WOW) by 26.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,000 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Kingsview Wealth Management LLC’s holdings in WideOpenWest were worth $119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LB Partners LLC lifted its position in WideOpenWest by 4.1% during the first quarter. LB Partners LLC now owns 7,358,522 shares of the company’s stock worth $35,946,000 after buying an additional 288,678 shares in the last quarter. Paragon Capital Management Ltd purchased a new position in WideOpenWest during the first quarter worth approximately $6,098,000. Arrowstreet Capital Limited Partnership purchased a new position in WideOpenWest during the fourth quarter worth approximately $452,000. Rangeley Capital LLC purchased a new position in WideOpenWest during the fourth quarter worth approximately $3,722,000. Finally, JPMorgan Chase & Co. lifted its position in WideOpenWest by 40.9% during the fourth quarter. JPMorgan Chase & Co. now owns 706,080 shares of the company’s stock worth $3,502,000 after buying an additional 204,926 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

WideOpenWest Price Performance

WOW stock opened at $3.86 on Friday. The business has a fifty day moving average of $4.09 and a two-hundred day moving average of $4.38. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 5.17. The stock has a market cap of $329.53 million, a price-to-earnings ratio of -5.51 and a beta of 1.25. WideOpenWest, Inc. has a 52-week low of $3.76 and a 52-week high of $5.80.

WideOpenWest (NYSE:WOW) last posted its earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. The company had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $148.17 million. WideOpenWest had a negative return on equity of 26.90% and a negative net margin of 9.32%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.18) earnings per share. As a group, research analysts anticipate that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

WOW has been the topic of a number of analyst reports. Benchmark reduced their price objective on WideOpenWest from $7.50 to $6.50 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Wall Street Zen upgraded WideOpenWest from a “sell” rating to a “hold” rating in a research report on Friday, June 27th.

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.