WideOpenWest Inc (NYSE:WOW) CEO Teresa L. Elder acquired 6,265 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average price of $7.97 per share, for a total transaction of $49,932.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of WOW stock traded up $0.68 during mid-day trading on Friday, reaching $9.18. 786,959 shares of the company were exchanged, compared to its average volume of 299,766. WideOpenWest Inc has a fifty-two week low of $6.03 and a fifty-two week high of $12.91. The company has a market capitalization of $758.82 million, a P/E ratio of 7.98 and a beta of 1.82.
WideOpenWest (NYSE:WOW) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). WideOpenWest had a negative return on equity of 24.96% and a negative net margin of 11.33%. The company had revenue of $285.40 million for the quarter, compared to analyst estimates of $292.53 million. During the same period in the previous year, the business posted $0.32 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, research analysts forecast that WideOpenWest Inc will post 0.69 EPS for the current fiscal year.
A number of analysts have recently issued reports on the stock. ValuEngine upgraded shares of WideOpenWest from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered shares of WideOpenWest from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Credit Suisse Group dropped their price objective on shares of WideOpenWest from $11.50 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, March 8th. Finally, B. Riley set a $16.00 price objective on shares of WideOpenWest and gave the company a “buy” rating in a research note on Wednesday, November 28th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. WideOpenWest presently has a consensus rating of “Hold” and a consensus target price of $13.42.
Hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new position in WideOpenWest in the fourth quarter worth $25,000. Venturi Wealth Management LLC acquired a new position in WideOpenWest in the fourth quarter worth $80,000. Metropolitan Life Insurance Co. NY boosted its holdings in WideOpenWest by 356.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,865 shares of the company’s stock worth $77,000 after purchasing an additional 8,486 shares during the period. Meeder Asset Management Inc. boosted its holdings in WideOpenWest by 1,205.2% in the fourth quarter. Meeder Asset Management Inc. now owns 11,133 shares of the company’s stock worth $79,000 after purchasing an additional 10,280 shares during the period. Finally, Jane Street Group LLC acquired a new position in WideOpenWest in the third quarter worth $127,000. 60.81% of the stock is owned by institutional investors and hedge funds.
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WideOpenWest, Inc operates as a cable operator in the United States. It provides high-speed data, cable television, voice over IP-based telephony, and business-class services to residential and business services customers. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; and ultra video products, as well as provides commercial-free movies, sports, and other special event entertainment programs.
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