WideOpenWest Inc (NYSE:WOW) Director Thomas Patrick Mcmillin bought 10,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was acquired at an average cost of $9.78 per share, for a total transaction of $97,800.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
WideOpenWest Inc (WOW) traded up $0.30 on Friday, reaching $10.35. 505,657 shares of the company were exchanged, compared to its average volume of 418,055. WideOpenWest Inc has a 1-year low of $8.64 and a 1-year high of $18.83. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of -8.37.
WideOpenWest (NYSE:WOW) last released its quarterly earnings results on Monday, November 13th. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.17. The firm had revenue of $297.80 million for the quarter, compared to analyst estimates of $302.00 million. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. equities analysts forecast that WideOpenWest Inc will post 0.77 earnings per share for the current year.
A number of brokerages have recently commented on WOW. UBS Group cut their target price on shares of WideOpenWest from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, November 14th. Royal Bank of Canada reissued a “buy” rating and issued a $20.00 target price on shares of WideOpenWest in a research note on Monday, September 18th. Zacks Investment Research downgraded shares of WideOpenWest from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $18.00 price target on shares of WideOpenWest in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $18.25.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crestview Partners III GP L.P. acquired a new stake in WideOpenWest during the 2nd quarter valued at $431,828,000. TimesSquare Capital Management LLC acquired a new position in WideOpenWest during the 2nd quarter worth $32,481,000. Alyeska Investment Group L.P. grew its holdings in WideOpenWest by 44.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,800,000 shares of the company’s stock worth $27,144,000 after acquiring an additional 550,000 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new position in WideOpenWest during the 2nd quarter worth $2,989,000. Finally, Schroder Investment Management Group acquired a new position in WideOpenWest during the 2nd quarter worth $14,918,000. 53.79% of the stock is owned by institutional investors and hedge funds.
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WideOpenWest, Inc is a cable operator in the United States. The Company provides high-speed data (HSD), cable television (Video), digital telephony (Telephony) and business-class services. The Company’s products are available either as a bundle or as an individual service to residential and business services customers.
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