Alberta Investment Management Corp Trims Holdings in WideOpenWest, Inc. (NYSE:WOW)

Key Points

• Alberta Investment Management Corp reduced its stake in WideOpenWest, Inc. by 4.4%, holding 2,652,826 shares after selling 122,586 shares in the first quarter, which represents about 3.13% of the company worth approximately $13.13 million.
• WideOpenWest recently reported a quarterly loss of ($0.17) EPS, surpassing analysts' estimates, but experienced a 7.1% decline in revenue year-over-year, totaling $150 million.
• Market analysts have mixed views, with one firm lowering its price target from $7.50 to $6.50 while another upgraded the stock from "sell" to "hold".

Alberta Investment Management Corp lowered its position in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 4.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,652,826 shares of the company's stock after selling 122,586 shares during the period. Alberta Investment Management Corp owned about 3.13% of WideOpenWest worth $13,131,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WOW. Paragon Capital Management Ltd bought a new position in shares of WideOpenWest during the 1st quarter valued at approximately $6,098,000. LB Partners LLC raised its position in WideOpenWest by 4.1% in the 1st quarter. LB Partners LLC now owns 7,358,522 shares of the company's stock worth $35,946,000 after purchasing an additional 288,678 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of WideOpenWest by 32.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,108,298 shares of the company's stock valued at $5,497,000 after acquiring an additional 273,737 shares during the period. JPMorgan Chase & Co. increased its position in shares of WideOpenWest by 40.9% during the fourth quarter. JPMorgan Chase & Co. now owns 706,080 shares of the company's stock valued at $3,502,000 after buying an additional 204,926 shares during the period. Finally, DRW Securities LLC increased its position in shares of WideOpenWest by 82.4% during the fourth quarter. DRW Securities LLC now owns 413,172 shares of the company's stock valued at $2,049,000 after buying an additional 186,597 shares during the period. Institutional investors own 87.77% of the company's stock.

Analysts Set New Price Targets

WOW has been the topic of a number of recent analyst reports. Benchmark cut their price target on shares of WideOpenWest from $7.50 to $6.50 and set a "buy" rating on the stock in a report on Thursday, May 29th. Wall Street Zen raised shares of WideOpenWest from a "sell" rating to a "hold" rating in a research note on Friday, June 27th.

WideOpenWest Trading Up 1.0%

Shares of WOW traded up $0.04 during trading on Tuesday, reaching $3.39. 159,672 shares of the company traded hands, compared to its average volume of 337,505. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 5.17. The stock has a market cap of $289.35 million, a PE ratio of -4.84 and a beta of 1.24. The stock has a 50-day simple moving average of $3.96 and a 200-day simple moving average of $4.32. WideOpenWest, Inc. has a twelve month low of $3.26 and a twelve month 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) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. WideOpenWest had a negative net margin of 9.32% and a negative return on equity of 26.90%. The company had revenue of $150.00 million for the quarter, compared to analysts' expectations of $148.17 million. During the same period in the previous year, the company posted ($0.18) EPS. WideOpenWest's revenue was down 7.1% compared to the same quarter last year. On average, analysts anticipate that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

WideOpenWest Company 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.