WideOpenWest, Inc. $WOW Shares Sold by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC has reduced its holdings in WideOpenWest, Inc. by 10.2%, now owning approximately 1.38% of the company, valued at $5.82 million.
• WideOpenWest reported an EPS of -$0.22, missing the consensus estimate, while its revenue was slightly above expectations at $144.2 million.
• Wall Street analysts have mixed sentiments, with the average rating being "Hold" and a consensus price target of $5.85 following recent downgrades.

Gabelli Funds LLC decreased its position in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) by 10.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,175,374 shares of the company's stock after selling 133,000 shares during the period. Gabelli Funds LLC owned approximately 1.38% of WideOpenWest worth $5,818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Algert Global LLC increased its position in WideOpenWest by 13.4% during the first quarter. Algert Global LLC now owns 46,985 shares of the company's stock valued at $233,000 after acquiring an additional 5,567 shares during the last quarter. Nuveen LLC bought a new position in WideOpenWest during the first quarter valued at $718,000. Charles Schwab Investment Management Inc. increased its position in WideOpenWest by 6.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 648,947 shares of the company's stock valued at $3,212,000 after acquiring an additional 37,306 shares during the last quarter. R Squared Ltd increased its position in WideOpenWest by 38.0% during the first quarter. R Squared Ltd now owns 27,160 shares of the company's stock valued at $134,000 after acquiring an additional 7,485 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of WideOpenWest by 26.3% in the first quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company's stock worth $119,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

WideOpenWest Stock Up 0.1%

Shares of NYSE:WOW traded up $0.01 during trading on Wednesday, reaching $5.09. The stock had a trading volume of 37,257 shares, compared to its average volume of 706,255. WideOpenWest, Inc. has a one year low of $3.06 and a one year high of $5.78. The company has a market capitalization of $436.14 million, a P/E ratio of -6.44 and a beta of 1.28. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 5.71. The firm's 50-day simple moving average is $4.19 and its 200 day simple moving average is $4.36.

WideOpenWest (NYSE:WOW - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.07). WideOpenWest had a negative net margin of 10.70% and a negative return on equity of 32.26%. The firm had revenue of $144.20 million during the quarter, compared to the consensus estimate of $143.62 million. As a group, research analysts expect that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WOW. UBS Group restated a "neutral" rating and issued a $5.20 price target (up from $4.80) on shares of WideOpenWest in a report on Tuesday, August 12th. Benchmark cut shares of WideOpenWest from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen cut shares of WideOpenWest from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, WideOpenWest has an average rating of "Hold" and a consensus target price of $5.85.

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.