Paragon Capital Management Ltd Makes New $6.10 Million Investment in WideOpenWest, Inc. (NYSE:WOW)

Paragon Capital Management Ltd purchased a new stake in WideOpenWest, Inc. (NYSE:WOW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,232,011 shares of the company's stock, valued at approximately $6,098,000. WideOpenWest accounts for about 1.3% of Paragon Capital Management Ltd's investment portfolio, making the stock its 15th largest position. Paragon Capital Management Ltd owned approximately 1.45% of WideOpenWest as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of WideOpenWest by 15.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company's stock valued at $97,000 after acquiring an additional 2,657 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of WideOpenWest by 2.3% during the first quarter. SummerHaven Investment Management LLC now owns 152,640 shares of the company's stock valued at $756,000 after acquiring an additional 3,368 shares during the period. Covestor Ltd grew its holdings in shares of WideOpenWest by 16.0% in the 4th quarter. Covestor Ltd now owns 29,680 shares of the company's stock worth $147,000 after purchasing an additional 4,103 shares during the last quarter. Invesco Ltd. increased its position in shares of WideOpenWest by 1.5% during the 4th quarter. Invesco Ltd. now owns 373,597 shares of the company's stock worth $1,853,000 after purchasing an additional 5,465 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in WideOpenWest by 27.4% during the 4th quarter. Wells Fargo & Company MN now owns 29,684 shares of the company's stock valued at $147,000 after purchasing an additional 6,391 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WOW. Wall Street Zen lowered shares of WideOpenWest from a "hold" rating to a "sell" rating in a report on Sunday. Benchmark decreased their price target on WideOpenWest from $7.50 to $6.50 and set a "buy" rating on the stock in a research report on Thursday, May 29th.

WideOpenWest Price Performance

NYSE:WOW traded up $0.03 during mid-day trading on Monday, reaching $4.00. 256,660 shares of the company were exchanged, compared to its average volume of 397,200. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 4.41. The stock has a market cap of $341.48 million, a PE ratio of -3.57 and a beta of 1.26. WideOpenWest, Inc. has a 12 month low of $3.87 and a 12 month high of $5.80. The company has a fifty day moving average of $4.30 and a 200 day moving average of $4.55.

WideOpenWest (NYSE:WOW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.02. The business had revenue of $150.00 million for the quarter, compared to analysts' expectations of $148.17 million. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. WideOpenWest's revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.18) earnings per share. On average, research analysts anticipate 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.