Wedge Capital Management L L P NC cut its position in WideOpenWest Inc (NYSE:WOW) by 19.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,437 shares of the company’s stock after selling 4,695 shares during the quarter. Wedge Capital Management L L P NC’s holdings in WideOpenWest were worth $120,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Quantamental Technologies LLC bought a new stake in shares of WideOpenWest during the 2nd quarter valued at $32,000. Jane Street Group LLC raised its stake in shares of WideOpenWest by 17.8% during the 2nd quarter. Jane Street Group LLC now owns 13,724 shares of the company’s stock valued at $100,000 after purchasing an additional 2,076 shares during the period. Paloma Partners Management Co bought a new stake in shares of WideOpenWest during the 2nd quarter valued at $151,000. Macquarie Group Ltd. bought a new stake in shares of WideOpenWest during the 2nd quarter valued at $232,000. Finally, Rhumbline Advisers raised its stake in shares of WideOpenWest by 6.1% during the 3rd quarter. Rhumbline Advisers now owns 41,415 shares of the company’s stock valued at $255,000 after purchasing an additional 2,363 shares during the period. Institutional investors own 56.98% of the company’s stock.
In other WideOpenWest news, Director Robert D. Perlmutter bought 2,500 shares of WideOpenWest stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $16.40 per share, for a total transaction of $41,000.00. Also, insider David Brunick bought 5,000 shares of WideOpenWest stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of $5.20 per share, with a total value of $26,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 729,564 shares of company stock valued at $4,229,419. 3.00% of the stock is owned by company insiders.
WideOpenWest stock traded up $0.03 during midday trading on Friday, hitting $6.46. 302,891 shares of the company’s stock were exchanged, compared to its average volume of 333,113. WideOpenWest Inc has a 52-week low of $4.98 and a 52-week high of $11.72. The stock has a 50-day moving average price of $6.17 and a two-hundred day moving average price of $6.88. The company has a market cap of $544.45 million, a P/E ratio of 5.62 and a beta of 1.56.
WideOpenWest (NYSE:WOW) last posted its earnings results on Friday, November 1st. The company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. WideOpenWest had a negative return on equity of 21.20% and a net margin of 3.91%. The business had revenue of $285.40 million during the quarter, compared to analysts’ expectations of $288.71 million. During the same period in the previous year, the business earned $0.40 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. As a group, research analysts expect that WideOpenWest Inc will post 0.62 earnings per share for the current year.
A number of analysts recently issued reports on the company. Zacks Investment Research lowered WideOpenWest from a “hold” rating to a “sell” rating in a research note on Saturday. Raymond James lowered WideOpenWest from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $11.00 to $8.00 in a research note on Monday, November 4th. SunTrust Banks lowered WideOpenWest from a “buy” rating to a “hold” rating and decreased their price objective for the company from $17.00 to $7.50 in a research note on Monday, August 5th. Finally, ValuEngine upgraded WideOpenWest from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.89.
WideOpenWest Company 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.
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