Deutsche Bank AG Decreases Position in WideOpenWest, Inc. $WOW

Deutsche Bank AG lowered its holdings in WideOpenWest, Inc. (NYSE:WOW) by 12.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,730 shares of the company’s stock after selling 6,436 shares during the period. Deutsche Bank AG owned approximately 0.06% of WideOpenWest worth $231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WOW. Paragon Capital Management Ltd bought a new stake in WideOpenWest during the 1st quarter worth approximately $6,098,000. LB Partners LLC grew its position in shares of WideOpenWest by 4.1% during the 1st quarter. LB Partners LLC now owns 7,358,522 shares of the company’s stock valued at $35,946,000 after purchasing an additional 288,678 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in WideOpenWest by 32.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,108,298 shares of the company’s stock valued at $5,497,000 after buying an additional 273,737 shares during the period. Bank of America Corp DE increased its position in shares of WideOpenWest by 25.7% in the fourth quarter. Bank of America Corp DE now owns 340,494 shares of the company’s stock worth $1,689,000 after purchasing an additional 69,708 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in WideOpenWest by 325.7% during the fourth quarter. Mackenzie Financial Corp now owns 85,646 shares of the company’s stock valued at $425,000 after purchasing an additional 65,528 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

WideOpenWest Price Performance

WOW stock opened at $5.09 on Friday. The company has a debt-to-equity ratio of 5.71, a current ratio of 0.64 and a quick ratio of 0.64. WideOpenWest, Inc. has a 1 year low of $3.06 and a 1 year high of $5.79. The firm has a 50-day moving average of $4.15 and a 200 day moving average of $4.35. The company has a market cap of $436.14 million, a P/E ratio of -6.44 and a beta of 1.24.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The firm had revenue of $144.20 million for the quarter, compared to the consensus estimate of $143.62 million. WideOpenWest had a negative net margin of 10.70% and a negative return on equity of 32.26%. On average, sell-side analysts forecast that WideOpenWest, Inc. will post -0.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. UBS Group reissued a “neutral” rating and set a $5.20 price objective (up from $4.80) on shares of WideOpenWest in a report on Tuesday, August 12th. Benchmark cut WideOpenWest from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Finally, Wall Street Zen downgraded WideOpenWest from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.85.

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.