WideOpenWest, Inc. (NYSE:WOW) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE increased its holdings in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 25.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 340,494 shares of the company's stock after acquiring an additional 69,708 shares during the quarter. Bank of America Corp DE owned approximately 0.40% of WideOpenWest worth $1,689,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in WideOpenWest by 15.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company's stock worth $97,000 after buying an additional 2,657 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in WideOpenWest during the 4th quarter worth $143,000. Covestor Ltd raised its position in WideOpenWest by 16.0% during the 4th quarter. Covestor Ltd now owns 29,680 shares of the company's stock worth $147,000 after buying an additional 4,103 shares during the last quarter. Wells Fargo & Company MN raised its position in WideOpenWest by 27.4% during the 4th quarter. Wells Fargo & Company MN now owns 29,684 shares of the company's stock worth $147,000 after buying an additional 6,391 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in WideOpenWest by 94.0% during the 4th quarter. MetLife Investment Management LLC now owns 30,326 shares of the company's stock worth $150,000 after buying an additional 14,696 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

WideOpenWest Price Performance

Shares of NYSE:WOW traded up $0.04 on Friday, reaching $4.20. 221,528 shares of the company were exchanged, compared to its average volume of 399,573. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 4.41. WideOpenWest, Inc. has a 1-year low of $4.03 and a 1-year high of $5.80. The firm has a market cap of $358.57 million, a price-to-earnings ratio of -3.75 and a beta of 1.26. The company has a 50-day moving average of $4.36 and a 200-day moving average of $4.60.

WideOpenWest (NYSE:WOW - Get Free Report) last posted its quarterly earnings results 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. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The business had revenue of $150.00 million for the quarter, compared to analysts' expectations of $148.17 million. During the same period in the prior year, the company posted ($0.18) EPS. The business's revenue for the quarter was down 7.1% on a year-over-year basis. Equities analysts forecast that WideOpenWest, Inc. will post -0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WOW shares. Benchmark cut their price objective on shares of WideOpenWest from $7.50 to $6.50 and set a "buy" rating for the company in a research 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 Saturday.

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.