SG Americas Securities LLC Raises Position in WideOpenWest, Inc. (NYSE:WOW)

SG Americas Securities LLC increased its stake in shares of WideOpenWest, Inc. (NYSE:WOW) by 175.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,969 shares of the company’s stock after buying an additional 19,083 shares during the quarter. SG Americas Securities LLC’s holdings in WideOpenWest were worth $157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LB Partners LLC grew its stake in shares of WideOpenWest by 116.8% in the 1st quarter. LB Partners LLC now owns 6,451,151 shares of the company’s stock worth $23,353,000 after acquiring an additional 3,475,190 shares in the last quarter. Gabelli Funds LLC grew 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 worth $8,207,000 after purchasing an additional 726,000 shares in the last quarter. Bares Capital Management Inc. grew its position in WideOpenWest by 20.5% in the 1st quarter. Bares Capital Management Inc. now owns 3,169,204 shares of the company’s stock worth $11,473,000 after purchasing an additional 538,770 shares in the last quarter. Luxor Capital Group LP lifted its position in shares of WideOpenWest by 583.4% during the 2nd quarter. Luxor Capital Group LP now owns 431,670 shares of the company’s stock worth $2,335,000 after buying an additional 368,508 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of WideOpenWest during the 2nd quarter worth approximately $546,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

WideOpenWest Stock Up 3.2 %

WideOpenWest stock opened at $5.09 on Friday. 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 has a market capitalization of $431.07 million, a P/E ratio of -2.38 and a beta of 1.49. The firm has a 50 day moving average price of $5.30 and a 200-day moving average price of $4.96. WideOpenWest, Inc. has a twelve month low of $2.31 and a twelve month high of $7.88.

WideOpenWest (NYSE:WOW) last released its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $158.80 million during the quarter, compared to the consensus estimate of $159.14 million. During the same period last year, the business posted ($0.01) earnings per share. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities analysts predict that WideOpenWest, Inc. will post -0.61 EPS for the current year.

Insider Activity at WideOpenWest

In related news, insider Don Schena sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $5.29, for a total transaction of $52,900.00. Following the sale, the insider now directly owns 276,413 shares in the company, valued at approximately $1,462,224.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other WideOpenWest news, insider Don Schena sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 276,413 shares in the company, valued at $1,462,224.77. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Teresa L. Elder sold 20,000 shares of WideOpenWest stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $5.29, for a total value of $105,800.00. Following the transaction, the chief executive officer now directly owns 1,575,787 shares of the company’s stock, valued at $8,335,913.23. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Raymond James reaffirmed an “underperform” rating on shares of WideOpenWest in a research report on Tuesday, July 2nd. Benchmark lowered their target price on WideOpenWest from $8.00 to $7.50 and set a “buy” rating on the stock in a research note on Monday, August 26th.

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.