Nuveen LLC Takes $718,000 Position in WideOpenWest, Inc. $WOW

Key Points

• Nuveen LLC has acquired a new stake in WideOpenWest, Inc. (NYSE:WOW), purchasing 145,102 shares valued at approximately $718,000.
• WideOpenWest reported a net loss of ($0.22) earnings per share, missing analysts' expectations, with a total revenue of $144.20 million during the last quarter.
• Analysts have downgraded WideOpenWest, with Wall Street Zen changing their rating from "hold" to "sell" and Benchmark from "buy" to "hold".

Nuveen LLC acquired a new stake in WideOpenWest, Inc. (NYSE:WOW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 145,102 shares of the company's stock, valued at approximately $718,000. Nuveen LLC owned 0.17% of WideOpenWest at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WOW. Horst & Graben Wealth Management LLC bought a new position in WideOpenWest in the first quarter worth $51,000. ProShare Advisors LLC bought a new position in shares of WideOpenWest during the fourth quarter valued at $70,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of WideOpenWest by 15.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company's stock valued at $97,000 after acquiring an additional 2,657 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of WideOpenWest by 26.3% during the first quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company's stock valued at $119,000 after acquiring an additional 5,000 shares during the period. Finally, Graham Capital Management L.P. bought a new position in shares of WideOpenWest during the fourth quarter valued at $125,000. 87.77% of the stock is owned by institutional investors.

WideOpenWest Stock Performance

Shares of NYSE:WOW opened at $5.09 on Wednesday. WideOpenWest, Inc. has a twelve month low of $3.06 and a twelve month high of $5.78. The firm has a market cap of $436.14 million, a PE ratio of -6.44 and a beta of 1.28. 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 business has a fifty day moving average of $4.19 and a 200-day moving average of $4.36.

WideOpenWest (NYSE:WOW - Get Free Report) last announced its 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 business had revenue of $144.20 million during the quarter, compared to analyst estimates of $143.62 million. On average, equities research analysts predict that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WOW has been the subject of a number of analyst reports. Wall Street Zen cut WideOpenWest from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Benchmark cut WideOpenWest from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. Finally, UBS Group reissued a "neutral" rating and set a $5.20 price objective (up from $4.80) on shares of WideOpenWest in a report on Tuesday, August 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.85.

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.

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