State Street Corp Buys 2,838 Shares of WideOpenWest, Inc. (NYSE:WOW)

State Street Corp increased its position in WideOpenWest, Inc. (NYSE:WOW) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,048,205 shares of the company’s stock after purchasing an additional 2,838 shares during the quarter. State Street Corp owned approximately 1.24% of WideOpenWest worth $5,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Innealta Capital LLC bought a new position in shares of WideOpenWest during the second quarter valued at $25,000. Burns Matteson Capital Management LLC bought a new position in WideOpenWest during the 3rd quarter valued at about $57,000. Corsair Capital Management L.P. purchased a new stake in shares of WideOpenWest during the 3rd quarter valued at about $63,000. Intech Investment Management LLC purchased a new position in shares of WideOpenWest during the third quarter valued at approximately $69,000. Finally, Wedmont Private Capital bought a new stake in WideOpenWest in the 3rd quarter worth approximately $86,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at WideOpenWest

In related news, CEO Teresa L. Elder sold 20,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $5.12, for a total value of $102,400.00. Following the sale, the chief executive officer now owns 1,535,787 shares in the company, valued at approximately $7,863,229.44. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.00% of the stock is owned by corporate insiders.

WideOpenWest Stock Performance

WOW stock opened at $4.70 on Friday. The stock’s fifty day moving average price is $5.13 and its 200-day moving average price is $5.21. WideOpenWest, Inc. has a 1 year low of $2.31 and a 1 year high of $5.80. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $398.44 million, a P/E ratio of -4.20 and a beta of 1.50.

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