WideOpenWest, Inc. (NYSE:WOW) CEO Sells $102,400.00 in Stock

WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $5.12, for a total value of $102,400.00. Following the completion of the sale, the chief executive officer now owns 1,535,787 shares of the company’s stock, valued at $7,863,229.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WideOpenWest Price Performance

NYSE:WOW opened at $5.53 on Wednesday. The stock has a 50 day moving average of $5.24 and a two-hundred day moving average of $5.05. WideOpenWest, Inc. has a 12 month low of $2.31 and a 12 month high of $7.88. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 4.04.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.17). The firm had revenue of $158.00 million for the quarter, compared to analysts’ expectations of $157.46 million. WideOpenWest had a negative return on equity of 22.14% and a negative net margin of 14.17%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.29) earnings per share. Analysts expect that WideOpenWest, Inc. will post -0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On WideOpenWest

Hedge funds have recently modified their holdings of the business. Innealta Capital LLC acquired a new position in WideOpenWest during the second quarter worth about $25,000. Burns Matteson Capital Management LLC acquired a new position in shares of WideOpenWest during the 3rd quarter worth approximately $57,000. Price T Rowe Associates Inc. MD grew its position in shares of 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 purchasing an additional 2,732 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of WideOpenWest in the third quarter valued at approximately $86,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of WideOpenWest in the first quarter valued at approximately $72,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Benchmark reduced their price objective on shares of WideOpenWest from $8.00 to $7.50 and set a “buy” rating for the company in a research report on Monday, August 26th.

About WideOpenWest

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.