Benchmark Cuts WideOpenWest (NYSE:WOW) Price Target to $6.50

WideOpenWest (NYSE:WOW - Get Free Report) had its price objective decreased by analysts at Benchmark from $7.50 to $6.50 in a report released on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Benchmark's price objective indicates a potential upside of 53.30% from the company's current price.

Separately, Wall Street Zen raised shares of WideOpenWest from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

WideOpenWest Stock Performance

Shares of WOW traded down $0.06 during trading hours on Thursday, reaching $4.24. 197,347 shares of the company traded hands, compared to its average volume of 409,617. The stock's fifty day moving average is $4.44 and its 200 day moving average is $4.64. The stock has a market cap of $362.42 million, a P/E ratio of -3.79 and a beta of 1.32. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.58 and a current ratio of 0.58. WideOpenWest has a 1-year low of $4.03 and a 1-year high of $5.80.

WideOpenWest (NYSE:WOW - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.17) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. The business had revenue of $150.00 million during the quarter, compared to analyst estimates of $148.17 million. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The firm's revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.18) earnings per share. Equities research analysts anticipate that WideOpenWest will post -0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WOW. SG Americas Securities LLC raised its position in WideOpenWest by 17.5% in the fourth quarter. SG Americas Securities LLC now owns 35,205 shares of the company's stock worth $175,000 after purchasing an additional 5,236 shares in the last quarter. R Squared Ltd acquired a new position in WideOpenWest in the fourth quarter worth about $98,000. LB Partners LLC raised its position in WideOpenWest by 6.3% in the fourth quarter. LB Partners LLC now owns 7,069,844 shares of the company's stock worth $35,066,000 after purchasing an additional 421,041 shares in the last quarter. Vanguard Group Inc. raised its position in WideOpenWest by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 3,256,872 shares of the company's stock worth $16,154,000 after purchasing an additional 60,912 shares in the last quarter. Finally, Anthracite Investment Company Inc. acquired a new position in WideOpenWest in the fourth quarter worth about $357,000. Institutional investors and hedge funds own 87.77% of the company's stock.

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.