Rhumbline Advisers Has $374,000 Stock Holdings in WideOpenWest, Inc. $WOW

Rhumbline Advisers cut its holdings in WideOpenWest, Inc. (NYSE:WOW) by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,602 shares of the company’s stock after selling 4,826 shares during the quarter. Rhumbline Advisers owned about 0.09% of WideOpenWest worth $374,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in WideOpenWest in the first quarter valued at approximately $233,000. Empowered Funds LLC lifted its stake in WideOpenWest by 119.8% in the first quarter. Empowered Funds LLC now owns 96,638 shares of the company’s stock valued at $478,000 after acquiring an additional 52,669 shares during the last quarter. Algert Global LLC lifted its stake in WideOpenWest by 13.4% in the first quarter. Algert Global LLC now owns 46,985 shares of the company’s stock valued at $233,000 after acquiring an additional 5,567 shares during the last quarter. Nuveen LLC acquired a new stake in WideOpenWest in the first quarter valued at approximately $718,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in WideOpenWest by 6.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 648,947 shares of the company’s stock valued at $3,212,000 after acquiring an additional 37,306 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on WOW shares. 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 price objective (up from $4.80) on shares of WideOpenWest in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.85.

WideOpenWest Price Performance

NYSE:WOW opened at $5.17 on Thursday. The stock has a market cap of $443.42 million, a P/E ratio of -6.54 and a beta of 1.28. WideOpenWest, Inc. has a one year low of $3.06 and a one year high of $5.78. The company has a fifty day moving average price of $4.54 and a 200 day moving average price of $4.40. 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 (NYSE:WOW) last released its earnings results on Monday, August 11th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The company had revenue of $144.20 million for the quarter, compared to analyst estimates of $143.62 million. WideOpenWest had a negative net margin of 10.70% and a negative return on equity of 32.26%. Analysts anticipate that WideOpenWest, Inc. will post -0.72 earnings per share for the current 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.