Invesco Ltd. Lowers Stake in WideOpenWest, Inc. $WOW

Invesco Ltd. reduced its holdings in shares of WideOpenWest, Inc. (NYSE:WOW) by 18.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 305,467 shares of the company’s stock after selling 68,130 shares during the period. Invesco Ltd. owned approximately 0.36% of WideOpenWest worth $1,512,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in WideOpenWest by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 648,947 shares of the company’s stock worth $3,212,000 after purchasing an additional 37,306 shares during the last quarter. R Squared Ltd lifted its stake in shares of WideOpenWest by 38.0% in the 1st quarter. R Squared Ltd now owns 27,160 shares of the company’s stock worth $134,000 after acquiring an additional 7,485 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of WideOpenWest by 26.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company’s stock worth $119,000 after acquiring an additional 5,000 shares during the period. Horst & Graben Wealth Management LLC acquired a new stake in shares of WideOpenWest in the 1st quarter worth $51,000. Finally, LB Partners LLC lifted its stake in shares of WideOpenWest by 4.1% in the 1st quarter. LB Partners LLC now owns 7,358,522 shares of the company’s stock worth $35,946,000 after acquiring an additional 288,678 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Benchmark cut shares of WideOpenWest from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Wall Street Zen cut shares of WideOpenWest from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, UBS Group restated a “neutral” rating and issued a $5.20 target price (up previously from $4.80) on shares of WideOpenWest in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.85.

WideOpenWest Price Performance

Shares of WOW opened at $5.09 on Monday. The stock has a market capitalization of $436.14 million, a P/E ratio of -6.44 and a beta of 1.28. WideOpenWest, Inc. has a twelve month low of $3.06 and a twelve month high of $5.79. The company has a 50 day moving average of $4.15 and a 200-day moving average of $4.35. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 5.71.

WideOpenWest (NYSE:WOW) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). WideOpenWest had a negative net margin of 10.70% and a negative return on equity of 32.26%. The company had revenue of $144.20 million during the quarter, compared to analyst estimates of $143.62 million. As a group, equities research analysts forecast that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

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.