CenterBook Partners LP Sells 416,104 Shares of WideOpenWest, Inc. (NYSE:WOW)

CenterBook Partners LP decreased its holdings in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) by 62.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,987 shares of the company's stock after selling 416,104 shares during the period. CenterBook Partners LP owned 0.29% of WideOpenWest worth $1,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. LB Partners LLC lifted its holdings in shares of 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 purchasing an additional 288,678 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of WideOpenWest by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 3,256,872 shares of the company's stock valued at $16,154,000 after buying an additional 60,912 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of WideOpenWest by 2.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,393,244 shares of the company's stock valued at $6,910,000 after buying an additional 37,475 shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of WideOpenWest in the first quarter valued at $6,098,000. Finally, Geode Capital Management LLC lifted its position in WideOpenWest by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 1,127,691 shares of the company's stock valued at $5,595,000 after acquiring an additional 14,187 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WOW. Wall Street Zen upgraded WideOpenWest from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Benchmark lowered their target price on WideOpenWest from $7.50 to $6.50 and set a "buy" rating on the stock in a research note on Thursday, May 29th.

WideOpenWest Trading Down 0.9%

Shares of WOW stock traded down $0.04 on Thursday, hitting $3.80. 398,554 shares of the company's stock traded hands, compared to its average volume of 389,566. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.66 and a current ratio of 0.66. WideOpenWest, Inc. has a one year low of $3.77 and a one year high of $5.80. The stock has a market capitalization of $324.40 million, a price-to-earnings ratio of -5.42 and a beta of 1.25. The company's fifty day simple moving average is $4.14 and its 200 day simple moving average is $4.41.

WideOpenWest (NYSE:WOW - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.02. The business had revenue of $150.00 million for the quarter, compared to analyst estimates of $148.17 million. WideOpenWest had a negative net margin of 9.32% and a negative return on equity of 26.90%. WideOpenWest's quarterly revenue was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) earnings per share. Equities analysts forecast that WideOpenWest, Inc. will post -0.72 EPS for the current year.

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.