Barclays PLC Acquires 80,994 Shares of WideOpenWest, Inc. (NYSE:WOW)

Barclays PLC increased its holdings in shares of WideOpenWest, Inc. (NYSE:WOW) by 263.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,766 shares of the company’s stock after acquiring an additional 80,994 shares during the period. Barclays PLC owned approximately 0.13% of WideOpenWest worth $587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Burns Matteson Capital Management LLC bought a new stake in shares of WideOpenWest in the 3rd quarter worth approximately $57,000. Corsair Capital Management L.P. purchased a new stake in shares of WideOpenWest in the third quarter worth $63,000. Intech Investment Management LLC bought a new position in shares of WideOpenWest during the third quarter valued at $69,000. Wedmont Private Capital purchased a new position in shares of WideOpenWest in the 3rd quarter worth about $86,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of WideOpenWest in the 3rd quarter worth about $110,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insider Activity at WideOpenWest

In other news, CEO Teresa L. Elder sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $5.12, for a total transaction of $102,400.00. Following the sale, the chief executive officer now owns 1,535,787 shares of the company’s stock, valued at $7,863,229.44. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.00% of the stock is currently owned by insiders.

WideOpenWest Stock Down 1.4 %

NYSE:WOW opened at $4.52 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. The firm has a market cap of $382.76 million, a P/E ratio of -4.03 and a beta of 1.48. 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 $5.00 and a two-hundred day simple moving average of $5.18.

WideOpenWest (NYSE:WOW) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.17). The business had revenue of $158.00 million during 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 business’s revenue was down 8.7% compared to the same quarter last year. During the same period last year, the company posted ($1.29) earnings per share. Analysts predict that WideOpenWest, Inc. will post -0.72 earnings per share 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.