Diametric Capital LP Reduces Holdings in WideOpenWest, Inc. $WOW

Diametric Capital LP lowered its position in WideOpenWest, Inc. (NYSE:WOW) by 86.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 15,396 shares of the company’s stock after selling 101,606 shares during the period. Diametric Capital LP’s holdings in WideOpenWest were worth $63,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of WideOpenWest in the first quarter valued at about $718,000. Crestview Partners III GP L.P. boosted its position in WideOpenWest by 0.3% during the second quarter. Crestview Partners III GP L.P. now owns 31,748,269 shares of the company’s stock worth $128,898,000 after acquiring an additional 86,673 shares during the last quarter. Paragon Capital Management Ltd grew its stake in WideOpenWest by 6.0% during the 2nd quarter. Paragon Capital Management Ltd now owns 1,305,912 shares of the company’s stock valued at $5,302,000 after acquiring an additional 73,901 shares in the last quarter. Empowered Funds LLC raised its holdings in WideOpenWest by 119.8% in the 1st 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. Finally, XTX Topco Ltd acquired a new stake in WideOpenWest in the 2nd quarter valued at about $200,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

WideOpenWest Price Performance

WOW stock opened at $5.18 on Friday. WideOpenWest, Inc. has a 52-week low of $3.06 and a 52-week high of $5.33. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 7.05. The stock has a market cap of $443.50 million, a price-to-earnings ratio of -5.45 and a beta of 0.82. The business has a fifty day moving average of $5.16 and a two-hundred day moving average of $4.64.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.23). The business had revenue of $144.00 million during the quarter, compared to analyst estimates of $144.06 million. WideOpenWest had a negative net margin of 13.20% and a negative return on equity of 42.52%. As a group, research analysts anticipate that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of WideOpenWest in a research report on Tuesday, October 14th. Wall Street Zen cut WideOpenWest from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Benchmark downgraded WideOpenWest from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Finally, UBS Group reissued a “neutral” rating and set a $5.20 price target (up previously from $4.80) on shares of WideOpenWest in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, WideOpenWest presently has a consensus rating of “Reduce” and a consensus price target of $5.85.

WideOpenWest 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.