Geode Capital Management LLC Raises Stock Position in WideOpenWest, Inc. (NYSE:WOW)

Geode Capital Management LLC lifted its stake in WideOpenWest, Inc. (NYSE:WOW) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,113,504 shares of the company’s stock after buying an additional 17,185 shares during the period. Geode Capital Management LLC owned approximately 1.31% of WideOpenWest worth $5,847,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LB Partners LLC lifted its stake in WideOpenWest by 0.9% in the third quarter. LB Partners LLC now owns 6,648,803 shares of the company’s stock valued at $34,906,000 after buying an additional 61,677 shares during the last quarter. Gabelli Funds LLC raised its position in WideOpenWest by 91.8% in the 2nd quarter. Gabelli Funds LLC now owns 1,516,931 shares of the company’s stock valued at $8,207,000 after purchasing an additional 726,000 shares during the last quarter. State Street Corp boosted its stake in WideOpenWest by 0.3% during the 3rd quarter. State Street Corp now owns 1,048,205 shares of the company’s stock worth $5,503,000 after purchasing an additional 2,838 shares during the period. Luxor Capital Group LP grew its position in WideOpenWest by 43.0% during the 3rd quarter. Luxor Capital Group LP now owns 617,235 shares of the company’s stock worth $3,240,000 after purchasing an additional 185,565 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in WideOpenWest in the third quarter valued at $1,190,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

WideOpenWest Price Performance

Shares of WOW opened at $4.80 on Friday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.58 and a current ratio of 0.58. WideOpenWest, Inc. has a fifty-two week low of $2.31 and a fifty-two week high of $5.80. The firm has a 50-day simple moving average of $5.11 and a 200-day simple moving average of $5.21. The company has a market capitalization of $406.92 million, a price-to-earnings ratio of -4.29 and a beta of 1.48.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings data 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). The company had revenue of $158.00 million for the quarter, compared to analyst estimates of $157.46 million. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. The firm’s revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.29) earnings per share. On average, equities research analysts anticipate that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

Insider Activity at WideOpenWest

In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $5.12, for a total transaction of $102,400.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.00% of the stock is currently owned by insiders.

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.