WideOpenWest, Inc. (NYSE:WOW) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of WideOpenWest, Inc. (NYSE:WOW) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,598 shares of the company’s stock after purchasing an additional 8,204 shares during the quarter. Bank of New York Mellon Corp owned 0.20% of WideOpenWest worth $934,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WOW. Gabelli Funds LLC boosted its stake in shares of WideOpenWest by 29.0% in the fourth quarter. Gabelli Funds LLC now owns 821,931 shares of the company’s stock worth $3,329,000 after buying an additional 184,900 shares during the last quarter. Bares Capital Management Inc. increased its holdings in shares of WideOpenWest by 14.5% during the 4th quarter. Bares Capital Management Inc. now owns 2,630,434 shares of the company’s stock valued at $10,653,000 after purchasing an additional 332,224 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in shares of WideOpenWest in the 4th quarter valued at $73,000. Dynamic Technology Lab Private Ltd purchased a new stake in WideOpenWest during the fourth quarter worth $97,000. Finally, BNP Paribas Financial Markets grew its position in WideOpenWest by 33.3% during the first quarter. BNP Paribas Financial Markets now owns 54,088 shares of the company’s stock valued at $196,000 after buying an additional 13,505 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Don Schena sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $5.29, for a total value of $52,900.00. Following the completion of the sale, the insider now directly owns 276,413 shares in the company, valued at $1,462,224.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Teresa L. Elder sold 20,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $5.29, for a total transaction of $105,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,575,787 shares in the company, valued at approximately $8,335,913.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Don Schena sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $5.29, for a total transaction of $52,900.00. Following the completion of the transaction, the insider now directly owns 276,413 shares in the company, valued at approximately $1,462,224.77. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $263,300 in the last ninety days. 4.00% of the stock is currently owned by corporate insiders.

WideOpenWest Stock Down 2.8 %

Shares of NYSE WOW opened at $5.15 on Friday. WideOpenWest, Inc. has a 52-week low of $2.31 and a 52-week high of $7.99. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 4.04. The company’s 50-day simple moving average is $5.37 and its 200-day simple moving average is $4.68. The firm has a market cap of $435.52 million, a price-to-earnings ratio of -1.58 and a beta of 1.49.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.01. WideOpenWest had a negative return on equity of 12.57% and a negative net margin of 26.25%. The company had revenue of $158.80 million during the quarter, compared to analyst estimates of $159.14 million. During the same period in the previous year, the business earned ($0.01) EPS. WideOpenWest’s quarterly revenue was down 8.0% on a year-over-year basis. Equities analysts predict that WideOpenWest, Inc. will post -0.61 EPS for the current fiscal year.

Analyst Ratings Changes

WOW has been the subject of several recent analyst reports. Raymond James restated an “underperform” rating on shares of WideOpenWest in a research note on Tuesday, July 2nd. Benchmark cut their price objective on WideOpenWest from $8.00 to $7.50 and set a “buy” rating for the company in a research report on Monday, August 26th.

About WideOpenWest

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.