Intech Investment Management LLC Invests $69,000 in WideOpenWest, Inc. (NYSE:WOW)

Intech Investment Management LLC purchased a new stake in WideOpenWest, Inc. (NYSE:WOW) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,059 shares of the company’s stock, valued at approximately $69,000.

Several other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of WideOpenWest during the second quarter worth $25,000. Burns Matteson Capital Management LLC acquired a new stake in WideOpenWest in the 3rd quarter worth about $57,000. Price T Rowe Associates Inc. MD grew its position in shares of WideOpenWest by 23.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock worth $53,000 after purchasing an additional 2,732 shares in the last quarter. Wedmont Private Capital bought a new position in shares of WideOpenWest during the third quarter worth approximately $86,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of WideOpenWest in the third quarter valued at approximately $110,000. 87.77% of the stock is currently owned by institutional investors.

WideOpenWest Trading Up 1.0 %

WOW opened at $5.10 on Monday. The stock has a market capitalization of $432.35 million, a price-to-earnings ratio of -4.55 and a beta of 1.50. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 4.41. WideOpenWest, Inc. has a twelve month low of $2.31 and a twelve month high of $5.80. The company has a 50-day simple moving average of $5.20 and a 200 day simple moving average of $5.23.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.17). WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. The firm had revenue of $158.00 million for the quarter, compared to the consensus estimate of $157.46 million. During the same period last year, the company posted ($1.29) EPS. The business’s revenue was down 8.7% on a year-over-year basis. Analysts predict that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Benchmark reduced their price target on WideOpenWest from $8.00 to $7.50 and set a “buy” rating on the stock in a research report on Monday, August 26th.

Insider Activity

In other news, CEO Teresa L. Elder sold 20,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $5.12, for a total transaction of $102,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,535,787 shares in the company, valued at approximately $7,863,229.44. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.00% of the company’s stock.

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.