Bank of America Corp DE Has $1.69 Million Holdings in WideOpenWest, Inc. (NYSE:WOW)

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

Other institutional investors have also recently bought and sold shares of the company. Rangeley Capital LLC purchased a new stake in shares of WideOpenWest in the fourth quarter valued at $3,722,000. JPMorgan Chase & Co. raised its position in 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. DRW Securities LLC raised its position in 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. Arrowstreet Capital Limited Partnership purchased a new stake in WideOpenWest in the 4th quarter worth about $452,000. Finally, Marshall Wace LLP boosted its position in WideOpenWest by 96.4% during the 4th quarter. Marshall Wace LLP now owns 153,865 shares of the company's stock worth $763,000 after acquiring an additional 75,539 shares during the period. Hedge funds and other institutional investors own 87.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WOW shares. Wall Street Zen downgraded WideOpenWest from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Benchmark lowered their price objective on shares of WideOpenWest from $7.50 to $6.50 and set a "buy" rating on the stock in a research report on Thursday, May 29th.

WideOpenWest Stock Up 0.8%

Shares of WOW traded up $0.04 during midday trading on Friday, reaching $4.20. 221,528 shares of the stock were exchanged, compared to its average volume of 400,609. The company has a market cap of $358.57 million, a price-to-earnings ratio of -3.75 and a beta of 1.32. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 4.41. WideOpenWest, Inc. has a 12-month low of $4.03 and a 12-month high of $5.80. The firm has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $4.61.

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

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.