Strs Ohio Buys Shares of 47,100 WideOpenWest, Inc. $WOW

Strs Ohio bought a new stake in WideOpenWest, Inc. (NYSE:WOW) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,100 shares of the company’s stock, valued at approximately $233,000. Strs Ohio owned 0.06% of WideOpenWest at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC grew 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 period. Algert Global LLC grew 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 period. Nuveen LLC acquired a new position in WideOpenWest in the first quarter valued at about $718,000. Charles Schwab Investment Management Inc. grew 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 period. Finally, R Squared Ltd grew its stake in WideOpenWest by 38.0% in the first quarter. R Squared Ltd now owns 27,160 shares of the company’s stock valued at $134,000 after acquiring an additional 7,485 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on WOW. Wall Street Zen cut WideOpenWest from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Benchmark lowered WideOpenWest from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Finally, UBS Group restated a “neutral” rating and issued a $5.20 price target (up from $4.80) on shares of WideOpenWest in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.85.

WideOpenWest Stock Performance

WOW opened at $5.17 on Thursday. WideOpenWest, Inc. has a 52-week low of $3.06 and a 52-week high of $5.78. The firm has a market capitalization of $443.42 million, a PE ratio of -6.54 and a beta of 1.28. The company has a debt-to-equity ratio of 5.71, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50-day simple moving average is $4.54 and its 200 day simple moving average is $4.40.

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