Paragon Capital Management Ltd Buys New Position in WideOpenWest, Inc. (NYSE:WOW)

Paragon Capital Management Ltd acquired a new stake in WideOpenWest, Inc. (NYSE:WOW - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 1,232,011 shares of the company's stock, valued at approximately $6,098,000. WideOpenWest makes up about 1.3% of Paragon Capital Management Ltd's portfolio, making the stock its 15th largest holding. Paragon Capital Management Ltd owned approximately 1.45% of WideOpenWest at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WOW. Rangeley Capital LLC acquired a new position in WideOpenWest in the 4th quarter valued at $3,722,000. D. E. Shaw & Co. Inc. raised its holdings in shares of WideOpenWest by 32.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,108,298 shares of the company's stock worth $5,497,000 after buying an additional 273,737 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of WideOpenWest by 40.9% during the 4th quarter. JPMorgan Chase & Co. now owns 706,080 shares of the company's stock worth $3,502,000 after buying an additional 204,926 shares in the last quarter. DRW Securities LLC raised its holdings in shares of WideOpenWest by 82.4% during the 4th quarter. DRW Securities LLC now owns 413,172 shares of the company's stock worth $2,049,000 after buying an additional 186,597 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of WideOpenWest during the 4th quarter worth $452,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WOW shares. Benchmark lowered their price target on WideOpenWest from $7.50 to $6.50 and set a "buy" rating for the company in a report on Thursday, May 29th. Wall Street Zen upgraded WideOpenWest from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th.

WideOpenWest Price Performance

WOW stock traded down $0.05 during midday trading on Friday, reaching $3.97. 362,613 shares of the stock were exchanged, compared to its average volume of 397,481. The stock has a market capitalization of $339.34 million, a PE ratio of -3.54 and a beta of 1.26. WideOpenWest, Inc. has a 52 week low of $3.88 and a 52 week high of $5.80. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.58 and a quick ratio of 0.58. The company has a fifty day moving average price of $4.31 and a 200 day moving average price of $4.57.

WideOpenWest (NYSE:WOW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.17) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. The business had revenue of $150.00 million for the quarter, compared to analyst estimates of $148.17 million. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. WideOpenWest's quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) EPS. As a group, analysts expect that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

WideOpenWest 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.