JPMorgan Chase & Co. Buys 366,284 Shares of WideOpenWest, Inc. (NYSE:WOW)

JPMorgan Chase & Co. raised its stake in WideOpenWest, Inc. (NYSE:WOW) by 271.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 501,154 shares of the company’s stock after purchasing an additional 366,284 shares during the quarter. JPMorgan Chase & Co. owned 0.59% of WideOpenWest worth $2,631,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WOW. Gabelli Funds LLC increased its stake in shares of WideOpenWest by 91.8% in the second quarter. Gabelli Funds LLC now owns 1,516,931 shares of the company’s stock worth $8,207,000 after buying an additional 726,000 shares during the period. Marshall Wace LLP bought a new stake in WideOpenWest in the 2nd quarter worth $546,000. Luxor Capital Group LP increased its position in shares of WideOpenWest by 583.4% in the second quarter. Luxor Capital Group LP now owns 431,670 shares of the company’s stock valued at $2,335,000 after acquiring an additional 368,508 shares during the period. SkyView Investment Advisors LLC raised its stake in shares of WideOpenWest by 11.6% during the second quarter. SkyView Investment Advisors LLC now owns 82,526 shares of the company’s stock valued at $446,000 after acquiring an additional 8,570 shares during the last quarter. Finally, Algert Global LLC boosted its holdings in shares of WideOpenWest by 9.5% during the second quarter. Algert Global LLC now owns 33,436 shares of the company’s stock worth $181,000 after purchasing an additional 2,896 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

WideOpenWest Stock Down 0.6 %

NYSE WOW opened at $4.50 on Tuesday. The business’s 50-day moving average is $4.94 and its 200 day moving average is $5.16. The stock has a market capitalization of $381.09 million, a PE ratio of -4.01 and a beta of 1.48. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.58 and a quick ratio of 0.58. WideOpenWest, Inc. has a 1 year low of $2.31 and a 1 year high of $5.80.

WideOpenWest (NYSE:WOW) last issued 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). WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. The business had revenue of $158.00 million during the quarter, compared to the consensus estimate of $157.46 million. During the same quarter in the prior year, the business posted ($1.29) earnings per share. WideOpenWest’s quarterly revenue was down 8.7% compared to the same quarter last year. Sell-side analysts forecast that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Teresa L. Elder sold 20,000 shares of the business’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 transaction, the chief executive officer now owns 1,535,787 shares in the company, valued at $7,863,229.44. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.