424,214 Shares in WideOpenWest, Inc. (NYSE:WOW) Acquired by Readystate Asset Management LP

Readystate Asset Management LP bought a new position in WideOpenWest, Inc. (NYSE:WOW) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 424,214 shares of the company’s stock, valued at approximately $1,718,000. Readystate Asset Management LP owned approximately 0.51% of WideOpenWest at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in WideOpenWest in the 2nd quarter worth approximately $29,000. Point72 Middle East FZE purchased a new stake in WideOpenWest during the 4th quarter valued at approximately $30,000. Tower Research Capital LLC TRC grew its holdings in WideOpenWest by 150.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the company’s stock valued at $31,000 after buying an additional 2,190 shares in the last quarter. Bfsg LLC purchased a new stake in WideOpenWest during the 4th quarter valued at approximately $39,000. Finally, PNC Financial Services Group Inc. purchased a new stake in WideOpenWest during the 2nd quarter valued at approximately $40,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

WideOpenWest Price Performance

WOW traded down $0.04 during trading on Wednesday, reaching $3.42. 249,817 shares of the company traded hands, compared to its average volume of 629,456. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $284.50 million, a P/E ratio of -0.96 and a beta of 1.38. WideOpenWest, Inc. has a 12-month low of $2.31 and a 12-month high of $11.75. The firm has a fifty day simple moving average of $3.57 and a 200 day simple moving average of $4.38.

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

Wall Street Analysts Forecast Growth

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

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.