Nuveen LLC Acquires Shares of 145,102 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 bought a new stake in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 reporting period.

Several other institutional investors also recently bought and sold shares of WOW. Charles Schwab Investment Management Inc. lifted its holdings in WideOpenWest by 6.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 648,947 shares of the company's stock worth $3,212,000 after buying an additional 37,306 shares during the period. R Squared Ltd lifted its holdings in WideOpenWest by 38.0% in the 1st quarter. R Squared Ltd now owns 27,160 shares of the company's stock worth $134,000 after buying an additional 7,485 shares during the period. Kingsview Wealth Management LLC lifted its holdings in WideOpenWest by 26.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company's stock worth $119,000 after buying an additional 5,000 shares during the period. Horst & Graben Wealth Management LLC purchased a new stake in WideOpenWest in the 1st quarter worth approximately $51,000. Finally, LB Partners LLC lifted its holdings in WideOpenWest by 4.1% in the 1st quarter. LB Partners LLC now owns 7,358,522 shares of the company's stock worth $35,946,000 after buying an additional 288,678 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

WideOpenWest Stock Up 1.1%

Shares of NYSE:WOW traded up $0.06 during trading on Friday, hitting $5.14. The stock had a trading volume of 1,639,302 shares, compared to its average volume of 3,453,736. WideOpenWest, Inc. has a 12 month low of $3.06 and a 12 month high of $5.78. The company has a market capitalization of $440.43 million, a PE ratio of -6.50 and a beta of 1.28. The firm's fifty day moving average is $4.25 and its 200 day moving average is $4.36. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 5.71.

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). WideOpenWest had a negative return on equity of 32.26% and a negative net margin of 10.70%.The firm had revenue of $144.20 million during the quarter, compared to the consensus estimate of $143.62 million. Analysts anticipate that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal 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.