Alambic Investment Management L.P. bought a new position in shares of WideOpenWest (NYSE:WOW) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 72,266 shares of the company’s stock, valued at approximately $517,000. Alambic Investment Management L.P. owned approximately 0.08% of WideOpenWest as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of WOW. Wells Fargo & Company MN increased its stake in shares of WideOpenWest by 270.4% during the 3rd quarter. Wells Fargo & Company MN now owns 58,413 shares of the company’s stock worth $881,000 after purchasing an additional 42,641 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in shares of WideOpenWest during the 3rd quarter worth approximately $1,179,000. California State Teachers Retirement System purchased a new stake in shares of WideOpenWest during the 3rd quarter worth approximately $519,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of WideOpenWest by 54.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,782,850 shares of the company’s stock worth $29,414,000 after purchasing an additional 976,425 shares during the last quarter. Finally, Paragon Capital Management Ltd purchased a new stake in shares of WideOpenWest during the 4th quarter worth approximately $269,000. Institutional investors own 58.47% of the company’s stock.
A number of research analysts recently weighed in on the stock. Royal Bank of Canada lowered shares of WideOpenWest from an “outperform” rating to a “sector perform” rating and set a $20.00 price objective for the company. in a research note on Wednesday, March 21st. SunTrust Banks reduced their price objective on shares of WideOpenWest to $13.00 and set a “buy” rating for the company in a research note on Thursday, March 15th. Zacks Investment Research upgraded shares of WideOpenWest from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 16th. ValuEngine lowered shares of WideOpenWest from a “hold” rating to a “sell” rating in a research note on Thursday, March 15th. Finally, KeyCorp assumed coverage on shares of WideOpenWest in a research note on Wednesday, May 16th. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $18.00.
WideOpenWest stock opened at $8.87 on Wednesday. WideOpenWest has a 1-year low of $6.03 and a 1-year high of $18.83. The company has a market capitalization of $769.65 million and a P/E ratio of 12.86. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of -5.06.
WideOpenWest (NYSE:WOW) last released its quarterly earnings results on Friday, May 11th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $285.50 million during the quarter, compared to analyst estimates of $289.07 million. WideOpenWest had a negative net margin of 9.85% and a negative return on equity of 29.86%. sell-side analysts forecast that WideOpenWest will post 0.57 EPS for the current year.
In other news, insider Nancy A. Mcgee purchased 6,775 shares of WideOpenWest stock in a transaction dated Tuesday, March 20th. The stock was purchased 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 SEC, which is available through this link. Also, General Counsel Donald Craig Martin purchased 12,025 shares of WideOpenWest stock in a transaction dated Thursday, May 17th. The shares were purchased at an average price of $8.34 per share, with a total value of $100,288.50. The disclosure for this purchase can be found here. Insiders have bought a total of 1,489,157 shares of company stock valued at $10,724,533 over the last 90 days. Company insiders own 2.40% of the company’s stock.
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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