Charles Schwab Investment Management Inc. Cuts Position in WideOpenWest, Inc. (NYSE:WOW)

Charles Schwab Investment Management Inc. reduced its stake in shares of WideOpenWest, Inc. (NYSE:WOW) by 27.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 611,641 shares of the company’s stock after selling 231,663 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.72% of WideOpenWest worth $3,034,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in shares of WideOpenWest during the third quarter valued at about $69,000. R Squared Ltd purchased a new stake in WideOpenWest during the fourth quarter valued at approximately $98,000. SG Americas Securities LLC boosted its stake in WideOpenWest by 17.5% in the fourth quarter. SG Americas Securities LLC now owns 35,205 shares of the company’s stock valued at $175,000 after acquiring an additional 5,236 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in WideOpenWest in the third quarter worth $191,000. Finally, Paloma Partners Management Co acquired a new position in shares of WideOpenWest during the third quarter worth $292,000. Institutional investors own 87.77% of the company’s stock.

WideOpenWest Stock Down 0.3 %

WideOpenWest stock opened at $5.01 on Friday. WideOpenWest, Inc. has a 1-year low of $3.33 and a 1-year high of $5.80. The business has a fifty day moving average price of $4.58 and a 200-day moving average price of $4.91. 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 stock has a market capitalization of $423.84 million, a price-to-earnings ratio of -4.47 and a beta of 1.47.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings results on Friday, March 14th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.03. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. The business had revenue of $152.60 million during the quarter, compared to the consensus estimate of $154.05 million. Equities research analysts forecast that WideOpenWest, Inc. will post -0.72 EPS 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.