Empowered Funds LLC Has $221,000 Stake in WideOpenWest, Inc. (NYSE:WOW)

Empowered Funds LLC grew its stake in WideOpenWest, Inc. (NYSE:WOW) by 5.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,168 shares of the company’s stock after buying an additional 2,144 shares during the period. Empowered Funds LLC’s holdings in WideOpenWest were worth $221,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WOW. LB Partners LLC boosted its position in WideOpenWest by 0.9% during the third quarter. LB Partners LLC now owns 6,648,803 shares of the company’s stock worth $34,906,000 after purchasing an additional 61,677 shares during the period. Gabelli Funds LLC lifted 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 last quarter. Luxor Capital Group LP boosted its holdings 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 during the period. Bank of New York Mellon Corp grew its stake in WideOpenWest by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 172,598 shares of the company’s stock valued at $934,000 after buying an additional 8,204 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in WideOpenWest in the 2nd quarter valued at $546,000. Institutional investors own 87.77% of the company’s stock.

WideOpenWest Stock Performance

WOW opened at $5.21 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 4.41. The stock’s 50 day moving average price is $5.21 and its two-hundred day moving average price is $5.21. The firm has a market capitalization of $441.70 million, a P/E ratio of -4.71 and a beta of 1.49. WideOpenWest, Inc. has a 12-month low of $2.31 and a 12-month high of $5.80.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.17). WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The business had revenue of $158.00 million during the quarter, compared to the consensus estimate of $157.46 million. During the same period in the prior year, the company posted ($1.29) earnings per share. The firm’s revenue was down 8.7% compared to the same quarter last year. On average, equities analysts forecast that WideOpenWest, Inc. will post -0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Benchmark decreased their price target on shares of WideOpenWest from $8.00 to $7.50 and set a “buy” rating for the company in a report on Monday, August 26th.

Insiders Place Their Bets

In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $5.12, for a total value of $102,400.00. Following the completion of the sale, the chief executive officer now owns 1,535,787 shares in the company, valued at approximately $7,863,229.44. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.