MYDA Advisors LLC boosted its holdings in WideOpenWest, Inc. (NYSE:WOW) by 262.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 163,013 shares of the company’s stock after buying an additional 118,013 shares during the period. MYDA Advisors LLC’s holdings in WideOpenWest were worth $2,215,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Victory Capital Management Inc. lifted its holdings in WideOpenWest by 8.7% in the fourth quarter. Victory Capital Management Inc. now owns 22,165 shares of the company’s stock valued at $237,000 after buying an additional 1,776 shares during the period. Gamco Investors INC. ET AL lifted its holdings in WideOpenWest by 0.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 716,651 shares of the company’s stock valued at $7,647,000 after buying an additional 1,998 shares during the period. UBS Group AG lifted its holdings in WideOpenWest by 51.6% in the first quarter. UBS Group AG now owns 7,847 shares of the company’s stock valued at $106,000 after buying an additional 2,672 shares during the period. New York State Common Retirement Fund increased its stake in WideOpenWest by 7.0% in the first quarter. New York State Common Retirement Fund now owns 44,400 shares of the company’s stock valued at $603,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in WideOpenWest in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 78.23% of the company’s stock.
WideOpenWest stock traded up $0.21 during midday trading on Friday, hitting $17.76. The company’s stock had a trading volume of 701 shares, compared to its average volume of 384,306. WideOpenWest, Inc. has a 1-year low of $4.72 and a 1-year high of $18.33. The company has a market capitalization of $1.55 billion, a P/E ratio of 60.52 and a beta of 2.10. The company has a 50-day simple moving average of $15.16.
Several brokerages have commented on WOW. Zacks Investment Research downgraded shares of WideOpenWest from a “hold” rating to a “sell” rating in a research note on Wednesday, May 12th. KeyCorp upped their target price on shares of WideOpenWest from $13.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. B. Riley reaffirmed a “buy” rating on shares of WideOpenWest in a research note on Friday, May 14th. Benchmark began coverage on shares of WideOpenWest in a research note on Thursday, June 3rd. They issued a “buy” rating and a $25.00 target price for the company. Finally, Truist Securities raised shares of WideOpenWest from a “hold” rating to a “buy” rating and upped their target price for the company from $12.00 to $25.00 in a research note on Wednesday, May 5th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $21.00.
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; WOW! tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and ultra-video products, as well as offers commercial-free movies, TV shows, sports, and other special event entertainment programs.
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