Quantamental Technologies LLC Takes $32,000 Position in WideOpenWest Inc (NYSE:WOW)

Quantamental Technologies LLC purchased a new stake in WideOpenWest Inc (NYSE:WOW) in the 2nd quarter, Holdings Channel reports. The firm purchased 4,400 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds have also recently made changes to their positions in the company. Wedge Capital Management L L P NC grew its holdings in shares of WideOpenWest by 13.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 24,132 shares of the company’s stock valued at $175,000 after buying an additional 2,917 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of WideOpenWest by 115.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,965 shares of the company’s stock valued at $63,000 after buying an additional 3,738 shares during the period. Strs Ohio grew its holdings in shares of WideOpenWest by 7.4% in the 2nd quarter. Strs Ohio now owns 56,400 shares of the company’s stock valued at $409,000 after buying an additional 3,900 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of WideOpenWest by 3.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 159,946 shares of the company’s stock valued at $1,162,000 after buying an additional 5,512 shares during the period. Finally, Balter Liquid Alternatives LLC grew its holdings in shares of WideOpenWest by 36.5% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 36,915 shares of the company’s stock valued at $268,000 after buying an additional 9,866 shares during the period. 57.20% of the stock is owned by institutional investors.

Several equities analysts have recently issued reports on WOW shares. ValuEngine lowered shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Stephens started coverage on shares of WideOpenWest in a report on Wednesday, June 26th. They issued an “equal weight” rating and a $10.00 price target for the company. SunTrust Banks lowered shares of WideOpenWest from a “buy” rating to a “hold” rating and decreased their price target for the company from $17.00 to $7.50 in a report on Monday, August 5th. Zacks Investment Research lowered shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, Macquarie started coverage on shares of WideOpenWest in a report on Wednesday, June 19th. They issued a “hold” rating and a $9.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $10.46.

In related news, insider David Brunick acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost of $5.20 per share, with a total value of $26,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Donald Craig Martin acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $5.26 per share, for a total transaction of $52,600.00. The disclosure for this purchase can be found here. Insiders purchased a total of 32,447 shares of company stock worth $197,535 over the last ninety days. 3.00% of the stock is currently owned by insiders.

WOW traded up $0.13 during trading on Friday, hitting $5.91. The company had a trading volume of 527,737 shares, compared to its average volume of 333,119. The company has a market capitalization of $488.26 million, a PE ratio of 5.96 and a beta of 1.52. WideOpenWest Inc has a one year low of $4.98 and a one year high of $12.38. The firm’s 50-day moving average price is $6.08 and its 200 day moving average price is $7.66.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.03). The company had revenue of $289.70 million during the quarter, compared to the consensus estimate of $290.48 million. WideOpenWest had a net margin of 5.58% and a negative return on equity of 25.18%. Equities research analysts predict that WideOpenWest Inc will post 0.67 earnings per share for the current year.

WideOpenWest Profile

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. 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 offers commercial-free movies, sports, and other special event entertainment programs.

See Also: Arbitrage

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Institutional Ownership by Quarter for WideOpenWest (NYSE:WOW)

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