WideOpenWest (NYSE:WOW) was downgraded by investment analysts at UBS from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, March 15th, www.benzinga.com reports. They presently have a $19.00 price target on the stock. UBS’s target price indicates a potential upside of 177.37% from the company’s current price.
Other research analysts have also issued research reports about the company. SunTrust Banks dropped their price objective on WideOpenWest to $13.00 and set a “buy” rating on the stock in a report on Thursday, March 15th. Zacks Investment Research raised WideOpenWest from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Thursday, November 16th. Finally, Royal Bank of Canada dropped their price objective on WideOpenWest from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. WideOpenWest has an average rating of “Hold” and an average target price of $18.00.
Shares of NYSE:WOW traded down $0.28 during trading on Thursday, reaching $6.85. The company had a trading volume of 359,459 shares, compared to its average volume of 808,604. The firm has a market cap of $632.94 and a P/E ratio of 9.93. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of -10.90. WideOpenWest has a fifty-two week low of $6.83 and a fifty-two week high of $18.83.
WideOpenWest (NYSE:WOW) last released its earnings results on Wednesday, March 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.53). The firm had revenue of $292.80 million during the quarter, compared to analyst estimates of $296.05 million. research analysts forecast that WideOpenWest will post 0.9 EPS for the current fiscal year.
In other news, insider Nancy A. Mcgee bought 6,775 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were bought at an average cost of $7.39 per share, for a total transaction of $50,067.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Teresa L. Elder bought 13,590 shares of the firm’s stock in a transaction on Monday, March 19th. The shares were purchased at an average price of $7.36 per share, for a total transaction of $100,022.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,477,132 shares of company stock worth $10,624,244.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Park West Asset Management LLC boosted its position in WideOpenWest by 440.0% during the fourth quarter. Park West Asset Management LLC now owns 412,902 shares of the company’s stock worth $4,364,000 after purchasing an additional 336,439 shares in the last quarter. Millennium Management LLC boosted its position in WideOpenWest by 61.1% during the fourth quarter. Millennium Management LLC now owns 302,192 shares of the company’s stock worth $3,194,000 after purchasing an additional 114,633 shares in the last quarter. Teachers Advisors LLC boosted its position in WideOpenWest by 23.6% during the fourth quarter. Teachers Advisors LLC now owns 45,906 shares of the company’s stock worth $485,000 after purchasing an additional 8,772 shares in the last quarter. Guggenheim Capital LLC boosted its position in WideOpenWest by 64.7% during the fourth quarter. Guggenheim Capital LLC now owns 129,073 shares of the company’s stock worth $1,363,000 after purchasing an additional 50,700 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in WideOpenWest by 111.7% during the fourth quarter. Deutsche Bank AG now owns 59,291 shares of the company’s stock worth $625,000 after purchasing an additional 31,283 shares in the last quarter. Institutional investors own 54.81% of the company’s stock.
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WideOpenWest, Inc operates as a cable operator in the United States. It provides high-speed data, cable television, voice over IP-based telephony, and business-class services to residential and business services customers. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; and ultra video products, as well as provides commercial-free movies, sports, and other special event entertainment programs.
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