Invesco Ltd. Has $1.51 Million Stock Holdings in WideOpenWest, Inc. $WOW

Key Points

• Invesco Ltd. reduced its stake in WideOpenWest, Inc. by 18.2%, selling 68,130 shares during the first quarter to own approximately 0.36% of the company, valued at $1.5 million.
• WideOpenWest recently reported an EPS of -$0.22, missing the consensus estimate of -$0.15, with revenue for the quarter at $144.2 million.
• Analysts have recently downgraded WideOpenWest's stock rating, with Benchmark lowering it to a "hold" and Wall Street Zen rating it a "sell."

Invesco Ltd. decreased its stake in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) by 18.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 305,467 shares of the company's stock after selling 68,130 shares during the period. Invesco Ltd. owned approximately 0.36% of WideOpenWest worth $1,512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WOW. LB Partners LLC boosted its holdings in shares of WideOpenWest by 4.1% in the first quarter. LB Partners LLC now owns 7,358,522 shares of the company's stock valued at $35,946,000 after acquiring an additional 288,678 shares in the last quarter. Paragon Capital Management Ltd bought a new stake in WideOpenWest during the first quarter worth approximately $6,098,000. Bank of America Corp DE lifted its position in WideOpenWest by 25.7% in the fourth quarter. Bank of America Corp DE now owns 340,494 shares of the company's stock worth $1,689,000 after purchasing an additional 69,708 shares during the period. Mackenzie Financial Corp lifted its position in WideOpenWest by 325.7% in the fourth quarter. Mackenzie Financial Corp now owns 85,646 shares of the company's stock worth $425,000 after purchasing an additional 65,528 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in WideOpenWest by 32.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,108,298 shares of the company's stock valued at $5,497,000 after purchasing an additional 273,737 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Benchmark downgraded WideOpenWest from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Wall Street Zen lowered WideOpenWest from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, UBS Group reiterated a "neutral" rating and issued a $5.20 price target (up from $4.80) on shares of WideOpenWest in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.85.

WideOpenWest Trading Down 0.1%

Shares of NYSE:WOW traded down $0.01 during mid-day trading on Tuesday, hitting $5.09. The stock had a trading volume of 417,485 shares, compared to its average volume of 3,402,531. The company's 50 day moving average is $4.19 and its 200-day moving average is $4.36. WideOpenWest, Inc. has a 12-month low of $3.06 and a 12-month high of $5.78. The company has a debt-to-equity ratio of 5.71, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $436.14 million, a PE ratio of -6.44 and a beta of 1.28.

WideOpenWest (NYSE:WOW - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The firm had revenue of $144.20 million for the quarter, compared to analyst estimates of $143.62 million. WideOpenWest had a negative net margin of 10.70% and a negative return on equity of 32.26%. On average, sell-side analysts predict that WideOpenWest, Inc. will post -0.72 EPS for the current 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.