WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder Sells 20,000 Shares of Stock

WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder sold 20,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $5.23, for a total value of $104,600.00. Following the completion of the transaction, the chief executive officer now owns 1,595,787 shares in the company, valued at approximately $8,345,966.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

WideOpenWest Price Performance

WideOpenWest stock opened at $5.21 on Wednesday. WideOpenWest, Inc. has a one year low of $2.31 and a one year high of $9.06. The company’s fifty day moving average price is $4.77 and its two-hundred day moving average price is $4.02. The company has a debt-to-equity ratio of 3.89, a current ratio of 0.66 and a quick ratio of 0.66.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings data 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 net margin of 39.16% and a negative return on equity of 7.43%. The company had revenue of $161.50 million during the quarter, compared to the consensus estimate of $161.40 million. During the same period in the previous year, the business posted ($0.46) earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. As a group, analysts anticipate that WideOpenWest, Inc. will post -0.75 earnings per share for the current year.

Analysts Set New Price Targets

WOW has been the subject of several research reports. Raymond James reiterated an “underperform” rating on shares of WideOpenWest in a report on Tuesday. Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of WideOpenWest in a research note on Thursday, March 14th.

Institutional Trading of WideOpenWest

A number of institutional investors and hedge funds have recently modified their holdings of WOW. LB Partners LLC grew its stake in WideOpenWest by 116.8% in the 1st quarter. LB Partners LLC now owns 6,451,151 shares of the company’s stock valued at $23,353,000 after buying an additional 3,475,190 shares during the last quarter. Alberta Investment Management Corp increased its stake in shares of WideOpenWest by 1.5% in the fourth quarter. Alberta Investment Management Corp now owns 3,276,632 shares of the company’s stock worth $13,270,000 after purchasing an additional 47,772 shares during the period. Bares Capital Management Inc. lifted its position in shares of WideOpenWest by 20.5% during the 1st quarter. Bares Capital Management Inc. now owns 3,169,204 shares of the company’s stock worth $11,473,000 after purchasing an additional 538,770 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in WideOpenWest by 6.4% during 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 purchasing an additional 80,060 shares during the period. Finally, Private Management Group Inc. boosted its stake in WideOpenWest by 126.9% during the 4th quarter. Private Management Group Inc. now owns 997,008 shares of the company’s stock valued at $4,038,000 after purchasing an additional 557,653 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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.