Paragon Capital Management Ltd Buys 73,901 Shares of WideOpenWest, Inc. $WOW

Key Points

• Paragon Capital Management Ltd increased its stake in WideOpenWest, Inc. by 6.0%, now holding over 1.3 million shares, which represent 1.0% of its total portfolio.
• WideOpenWest reported a quarterly loss of ($0.22) per share, missing estimates, despite revenue exceeding expectations at $144.20 million.
• Analysts have recently downgraded WideOpenWest from "buy" to "hold" ratings, with UBS setting a price target of $5.20, reflecting a cautious outlook on the stock.

Paragon Capital Management Ltd lifted its stake in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,305,912 shares of the company's stock after purchasing an additional 73,901 shares during the period. WideOpenWest accounts for 1.0% of Paragon Capital Management Ltd's holdings, making the stock its 16th biggest position. Paragon Capital Management Ltd owned about 1.53% of WideOpenWest worth $5,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in WOW. Bank of America Corp DE raised its stake in shares of WideOpenWest by 25.7% during the 4th 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 in the last quarter. Deutsche Bank AG raised its stake in shares of WideOpenWest by 66.1% during the 4th quarter. Deutsche Bank AG now owns 53,166 shares of the company's stock worth $264,000 after purchasing an additional 21,155 shares in the last quarter. Millennium Management LLC raised its stake in shares of WideOpenWest by 91.1% during the 4th quarter. Millennium Management LLC now owns 70,698 shares of the company's stock worth $351,000 after purchasing an additional 33,712 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of WideOpenWest during the 4th quarter worth approximately $70,000. Finally, Two Sigma Advisers LP raised its stake in shares of WideOpenWest by 36.2% during the 4th quarter. Two Sigma Advisers LP now owns 52,300 shares of the company's stock worth $259,000 after purchasing an additional 13,900 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

WideOpenWest Stock Down 0.1%

WOW stock opened at $5.16 on Friday. The company has a debt-to-equity ratio of 5.71, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $442.14 million, a price-to-earnings ratio of -6.53 and a beta of 1.28. The business's fifty day moving average price is $4.60 and its two-hundred day moving average price is $4.41. WideOpenWest, Inc. has a fifty-two week low of $3.06 and a fifty-two week high of $5.78.

WideOpenWest (NYSE:WOW - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.22) earnings per share 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 the consensus estimate of $143.62 million. WideOpenWest had a negative return on equity of 32.26% and a negative net margin of 10.70%. On average, equities analysts anticipate that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WOW shares. Benchmark cut WideOpenWest from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Wall Street Zen downgraded WideOpenWest from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, UBS Group reaffirmed a "neutral" rating and set a $5.20 price target (up previously 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.com, WideOpenWest currently has a consensus rating of "Hold" and an average 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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