WideOpenWest (NYSE:WOW) Given Underperform Rating at Raymond James

WideOpenWest (NYSE:WOW)‘s stock had its “underperform” rating reiterated by research analysts at Raymond James in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

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

WideOpenWest Stock Down 3.0 %

WOW opened at $5.25 on Tuesday. WideOpenWest has a fifty-two week low of $2.31 and a fifty-two week high of $9.06. The business has a 50-day moving average of $4.74 and a 200-day moving average of $4.01. The company has a debt-to-equity ratio of 3.89, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $443.99 million, a PE ratio of -1.61 and a beta of 1.54.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). WideOpenWest had a negative return on equity of 7.43% and a negative net margin of 39.16%. The firm had revenue of $161.50 million for the quarter, compared to analysts’ expectations of $161.40 million. During the same period last year, the business earned ($0.46) earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. Equities research analysts forecast that WideOpenWest will post -0.75 EPS for the current fiscal year.

Insider Activity at WideOpenWest

In other WideOpenWest news, CEO Teresa L. Elder sold 19,111 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $5.00, for a total value of $95,555.00. Following the sale, the chief executive officer now owns 1,636,676 shares of the company’s stock, valued at approximately $8,183,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other WideOpenWest news, insider Don Schena sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $5.00, for a total value of $50,000.00. Following the sale, the insider now owns 286,413 shares of the company’s stock, valued at approximately $1,432,065. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Teresa L. Elder sold 19,111 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $5.00, for a total value of $95,555.00. Following the completion of the sale, the chief executive officer now directly owns 1,636,676 shares in the company, valued at approximately $8,183,380. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,000 shares of company stock valued at $150,009. Corporate insiders own 4.00% of the company’s stock.

Institutional Trading of WideOpenWest

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bares Capital Management Inc. boosted its stake in WideOpenWest by 20.5% in the 1st quarter. Bares Capital Management Inc. now owns 3,169,204 shares of the company’s stock valued at $11,473,000 after buying an additional 538,770 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in WideOpenWest in the 1st quarter valued at $72,000. Price T Rowe Associates Inc. MD boosted its stake in WideOpenWest by 23.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock valued at $53,000 after buying an additional 2,732 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in WideOpenWest in the 1st quarter valued at $79,000. Finally, Gamco Investors INC. ET AL boosted its stake in WideOpenWest by 6.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,333,157 shares of the company’s stock valued at $4,826,000 after buying an additional 80,060 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

WideOpenWest Company 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.