WideOpenWest, Inc. (NYSE:WOW) Position Decreased by CenterBook Partners LP

CenterBook Partners LP reduced its position in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 62.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,987 shares of the company's stock after selling 416,104 shares during the quarter. CenterBook Partners LP owned 0.29% of WideOpenWest worth $1,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horst & Graben Wealth Management LLC purchased a new position in WideOpenWest in the 1st quarter worth $51,000. ProShare Advisors LLC purchased a new position in WideOpenWest in the 4th quarter worth $70,000. Price T Rowe Associates Inc. MD raised its stake in WideOpenWest by 15.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company's stock worth $97,000 after acquiring an additional 2,657 shares during the last quarter. Kingsview Wealth Management LLC raised its stake 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 acquiring an additional 5,000 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new position in WideOpenWest in the 4th quarter worth $125,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

WideOpenWest Stock Performance

WideOpenWest stock traded up $0.05 during trading hours on Friday, reaching $3.84. 295,499 shares of the stock were exchanged, compared to its average volume of 389,086. 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 52-week low of $3.77 and a 52-week high of $5.80. The firm's 50 day moving average is $4.13 and its 200 day moving average is $4.39. The stock has a market cap of $328.24 million, a P/E ratio of -5.49 and a beta of 1.25.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Benchmark cut their price objective on shares of WideOpenWest from $7.50 to $6.50 and set a "buy" rating for the company in a report on Thursday, May 29th. Wall Street Zen raised shares of WideOpenWest from a "sell" rating to a "hold" rating in a research note on Friday, June 27th.

About WideOpenWest

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.