WideOpenWest, Inc. (NYSE:WOW) CEO Sells $104,600.00 in Stock

WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder sold 20,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $5.23, for a total transaction of $104,600.00. Following the completion of the transaction, the chief executive officer now owns 1,595,787 shares of the company’s stock, valued at $8,345,966.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

WideOpenWest Stock Down 0.6 %

Shares of WOW traded down $0.03 during mid-day trading on Tuesday, hitting $5.22. 493,651 shares of the company traded hands, compared to its average volume of 638,037. WideOpenWest, Inc. has a 1-year low of $2.31 and a 1-year high of $9.06. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 3.89. The company has a market capitalization of $441.46 million, a PE ratio of -1.61 and a beta of 1.54. The business has a 50 day moving average of $4.74 and a 200 day moving average of $4.01.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). WideOpenWest had a negative net margin of 39.16% and a negative return on equity of 7.43%. The company had revenue of $161.50 million for the quarter, compared to analyst estimates of $161.40 million. During the same quarter last year, the company earned ($0.46) EPS. The business’s revenue was down 6.2% compared to the same quarter last year. Equities research analysts anticipate that WideOpenWest, Inc. will post -0.75 EPS for the current year.

Institutional Investors Weigh In On WideOpenWest

A number of large investors have recently bought and sold shares of the company. Bares Capital Management Inc. boosted its position in WideOpenWest by 20.5% in the first quarter. Bares Capital Management Inc. now owns 3,169,204 shares of the company’s stock valued at $11,473,000 after buying an additional 538,770 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in WideOpenWest in the first quarter valued at approximately $72,000. Price T Rowe Associates Inc. MD boosted its position in WideOpenWest by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock valued at $53,000 after buying an additional 2,732 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in WideOpenWest in the first quarter valued at approximately $79,000. Finally, Gamco Investors INC. ET AL boosted its position in WideOpenWest by 6.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,333,157 shares of the company’s stock worth $4,826,000 after purchasing an additional 80,060 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WOW. Benchmark reiterated a “buy” rating and issued a $8.00 target price on shares of WideOpenWest in a report on Thursday, March 14th. Raymond James reiterated an “underperform” rating on shares of WideOpenWest in a report on Tuesday.

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.