Hsbc Holdings PLC Sells 17,940 Shares of WideOpenWest, Inc. $WOW

Hsbc Holdings PLC reduced its holdings in shares of WideOpenWest, Inc. (NYSE:WOW) by 24.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,343 shares of the company’s stock after selling 17,940 shares during the quarter. Hsbc Holdings PLC owned 0.06% of WideOpenWest worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Horst & Graben Wealth Management LLC purchased a new stake in WideOpenWest during the first quarter valued at $51,000. ProShare Advisors LLC purchased a new stake in shares of WideOpenWest during the fourth quarter worth about $70,000. Price T Rowe Associates Inc. MD grew its position in shares of WideOpenWest by 15.7% during 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 in the last quarter. Kingsview Wealth Management LLC grew its position in shares of WideOpenWest by 26.3% during the first quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company’s stock worth $119,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new stake in shares of WideOpenWest during the fourth quarter worth about $125,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

WideOpenWest Stock Performance

NYSE WOW opened at $5.09 on Friday. The stock has a market capitalization of $436.14 million, a PE ratio of -6.44 and a beta of 1.28. The business has a 50 day simple moving average of $4.23 and a two-hundred day simple moving average of $4.37. 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 $5.78.

WideOpenWest (NYSE:WOW) last released its quarterly earnings results 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 analysts’ expectations of $143.62 million. WideOpenWest had a negative net margin of 10.70% and a negative return on equity of 32.26%. On average, research analysts predict 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.