Godshalk Welsh Capital Management Inc. Reduces Stock Position in WideOpenWest, Inc. (NYSE:WOW)

Godshalk Welsh Capital Management Inc. decreased its position in WideOpenWest, Inc. (NYSE:WOW) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,398 shares of the company’s stock after selling 17,500 shares during the quarter. Godshalk Welsh Capital Management Inc. owned 0.18% of WideOpenWest worth $814,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gabelli Funds LLC boosted its position in WideOpenWest by 29.0% during the 4th quarter. Gabelli Funds LLC now owns 821,931 shares of the company’s stock worth $3,329,000 after acquiring an additional 184,900 shares during the period. Bares Capital Management Inc. increased its position in WideOpenWest by 14.5% in the 4th quarter. Bares Capital Management Inc. now owns 2,630,434 shares of the company’s stock worth $10,653,000 after purchasing an additional 332,224 shares during the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of WideOpenWest during the 4th quarter worth about $73,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of WideOpenWest during the 4th quarter valued at about $97,000. Finally, BNP Paribas Financial Markets grew its stake in shares of WideOpenWest by 33.3% in the 1st quarter. BNP Paribas Financial Markets now owns 54,088 shares of the company’s stock valued at $196,000 after buying an additional 13,505 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Insider Activity at WideOpenWest

In related news, CEO Teresa L. Elder sold 20,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 1,595,787 shares in the company, valued at approximately $8,345,966.01. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Don Schena sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $5.29, for a total value of $52,900.00. Following the completion of the transaction, the insider now owns 276,413 shares in the company, valued at approximately $1,462,224.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Teresa L. Elder sold 20,000 shares of the firm’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 of the company’s stock, valued at approximately $8,345,966.01. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $263,300 in the last quarter. Corporate insiders own 4.00% of the company’s stock.

Analyst Upgrades and Downgrades

WOW has been the topic of a number of recent research reports. Raymond James restated an “underperform” rating on shares of WideOpenWest in a report on Tuesday, July 2nd. Benchmark dropped their price objective on WideOpenWest from $8.00 to $7.50 and set a “buy” rating on the stock in a research note on Monday, August 26th.

WideOpenWest Stock Performance

NYSE:WOW opened at $5.30 on Friday. WideOpenWest, Inc. has a 1 year low of $2.31 and a 1 year high of $7.99. The firm has a 50 day moving average of $5.38 and a 200-day moving average of $4.66. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 4.04. The stock has a market capitalization of $448.21 million, a P/E ratio of -1.63 and a beta of 1.49.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01. The firm had revenue of $158.80 million for the quarter, compared to the consensus estimate of $159.14 million. WideOpenWest had a negative return on equity of 12.57% and a negative net margin of 26.25%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) EPS. As a group, sell-side analysts anticipate that WideOpenWest, Inc. will post -0.61 EPS for the current fiscal year.

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.