WideOpenWest (NYSE:WOW) Given “Underperform” Rating at Raymond James

WideOpenWest (NYSE:WOW)‘s stock had its “underperform” rating reiterated by analysts at Raymond James in a report released on Tuesday, MarketBeat Ratings reports.

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

WideOpenWest Stock Down 1.2 %

WideOpenWest stock opened at $5.15 on Tuesday. The firm has a market cap of $435.54 million, a price-to-earnings ratio of -1.58 and a beta of 1.54. WideOpenWest has a 52 week low of $2.31 and a 52 week high of $9.06. The business’s 50-day moving average price is $4.80 and its 200 day moving average price is $4.03. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 3.89.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.18) 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 business had revenue of $161.50 million during the quarter, compared to analyst estimates of $161.40 million. During the same period in the previous year, the business posted ($0.46) earnings per share. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that WideOpenWest will post -0.75 earnings per share for the current year.

Insider Buying and Selling at WideOpenWest

In other news, insider Don Schena sold 10,000 shares of WideOpenWest stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $5.00, for a total value of $50,000.00. Following the sale, the insider now directly owns 286,413 shares of the company’s stock, valued at $1,432,065. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Don Schena sold 10,000 shares of WideOpenWest stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $5.00, for a total value of $50,000.00. Following the sale, the insider now directly owns 286,413 shares of the company’s stock, valued at $1,432,065. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Teresa L. Elder sold 19,111 shares of WideOpenWest stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $5.00, for a total value of $95,555.00. Following the completion of the sale, the chief executive officer now directly owns 1,636,676 shares in the company, valued at $8,183,380. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock valued at $254,609. Company insiders own 4.00% of the company’s stock.

Hedge Funds Weigh In On WideOpenWest

A number of institutional investors have recently added to or reduced their stakes in WOW. Hsbc Holdings PLC lifted its stake in shares of WideOpenWest by 150.6% in the 3rd quarter. Hsbc Holdings PLC now owns 38,646 shares of the company’s stock valued at $298,000 after purchasing an additional 23,227 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of WideOpenWest in the 3rd quarter valued at $558,000. GSA Capital Partners LLP lifted its stake in shares of WideOpenWest by 258.4% in the 3rd quarter. GSA Capital Partners LLP now owns 184,854 shares of the company’s stock valued at $1,414,000 after purchasing an additional 133,273 shares during the last quarter. Hudson Bay Capital Management LP lifted its stake in shares of WideOpenWest by 63.9% in the 3rd quarter. Hudson Bay Capital Management LP now owns 251,756 shares of the company’s stock valued at $1,926,000 after purchasing an additional 98,165 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of WideOpenWest by 3,075.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 47,880 shares of the company’s stock valued at $366,000 after purchasing an additional 46,372 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

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.