SG Americas Securities LLC Acquires 10,014 Shares of WideOpenWest, Inc. (NYSE:WOW)

SG Americas Securities LLC increased its stake in shares of WideOpenWest, Inc. (NYSE:WOW) by 42.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,839 shares of the company’s stock after purchasing an additional 10,014 shares during the quarter. SG Americas Securities LLC’s holdings in WideOpenWest were worth $137,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Raymond James & Associates increased its position in WideOpenWest by 36.9% in the 1st quarter. Raymond James & Associates now owns 26,310 shares of the company’s stock valued at $459,000 after acquiring an additional 7,094 shares during the period. Bank of New York Mellon Corp increased its position in WideOpenWest by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 337,494 shares of the company’s stock valued at $5,885,000 after acquiring an additional 16,558 shares during the period. American Century Companies Inc. increased its position in WideOpenWest by 650.6% in the 1st quarter. American Century Companies Inc. now owns 90,595 shares of the company’s stock valued at $1,580,000 after acquiring an additional 78,525 shares during the period. MetLife Investment Management LLC increased its position in WideOpenWest by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 28,115 shares of the company’s stock valued at $490,000 after acquiring an additional 10,025 shares during the period. Finally, Rhumbline Advisers increased its position in WideOpenWest by 3.7% in the 1st quarter. Rhumbline Advisers now owns 58,069 shares of the company’s stock valued at $1,013,000 after acquiring an additional 2,074 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and issued a $8.00 price target on shares of WideOpenWest in a research report on Thursday, March 14th.

WideOpenWest Stock Down 3.5 %

Shares of NYSE WOW opened at $3.46 on Wednesday. The firm has a market cap of $287.84 million, a PE ratio of -0.98 and a beta of 1.38. WideOpenWest, Inc. has a 12-month low of $2.31 and a 12-month high of $11.75. The company’s fifty day simple moving average is $3.57 and its 200 day simple moving average is $4.39. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 3.55.

WideOpenWest (NYSE:WOW) last issued its earnings results on Wednesday, March 13th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $168.80 million for the quarter, compared to the consensus estimate of $171.13 million. WideOpenWest had a negative return on equity of 12.32% and a negative net margin of 41.90%. As a group, sell-side analysts forecast that WideOpenWest, Inc. will post -0.6 earnings per share for the current fiscal year.

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.