Tower Research Capital LLC TRC Boosts Holdings in WideOpenWest, Inc. (NYSE:WOW)

Tower Research Capital LLC TRC grew its stake in shares of WideOpenWest, Inc. (NYSE:WOW) by 655.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,669 shares of the company’s stock after purchasing an additional 10,991 shares during the quarter. Tower Research Capital LLC TRC’s holdings in WideOpenWest were worth $51,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WOW. LB Partners LLC purchased a new stake in shares of WideOpenWest during the fourth quarter valued at $12,053,000. Alberta Investment Management Corp boosted its stake in shares of WideOpenWest by 26.9% during the third quarter. Alberta Investment Management Corp now owns 3,228,860 shares of the company’s stock valued at $24,701,000 after purchasing an additional 684,699 shares during the period. Private Management Group Inc. boosted its stake in shares of WideOpenWest by 126.9% during the fourth quarter. Private Management Group Inc. now owns 997,008 shares of the company’s stock valued at $4,038,000 after purchasing an additional 557,653 shares during the period. Heartland Advisors Inc. raised its holdings in shares of WideOpenWest by 97.0% in the third quarter. Heartland Advisors Inc. now owns 1,004,150 shares of the company’s stock valued at $7,682,000 after acquiring an additional 494,300 shares in the last quarter. Finally, LGT Capital Partners LTD. raised its holdings in shares of WideOpenWest by 70.1% in the fourth quarter. LGT Capital Partners LTD. now owns 910,000 shares of the company’s stock valued at $3,686,000 after acquiring an additional 375,000 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

WideOpenWest Stock Down 0.7 %

Shares of WOW stock traded down $0.02 on Tuesday, hitting $3.57. The stock had a trading volume of 170,391 shares, compared to its average volume of 585,514. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 3.55. The business has a 50 day moving average price of $3.57 and a 200 day moving average price of $4.14. The company has a market cap of $297.00 million, a PE ratio of -1.02 and a beta of 1.38. WideOpenWest, Inc. has a one year low of $2.31 and a one year high of $11.75.

WideOpenWest (NYSE:WOW) last announced its earnings results on Wednesday, March 13th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $168.80 million during the quarter, compared to the consensus estimate of $171.13 million. WideOpenWest had a negative return on equity of 12.32% and a negative net margin of 41.90%. Research analysts anticipate that WideOpenWest, Inc. will post -0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and issued a $8.00 price objective on shares of WideOpenWest in a report on Thursday, March 14th.

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. The company's 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 commercial-free movies, TV shows, sports, and other special event entertainment programs.