WideOpenWest, Inc. (NYSE:WOW) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp increased its stake in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 325.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,646 shares of the company's stock after purchasing an additional 65,528 shares during the period. Mackenzie Financial Corp owned 0.10% of WideOpenWest worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of WOW. SG Americas Securities LLC grew its holdings in shares of WideOpenWest by 17.5% during the fourth quarter. SG Americas Securities LLC now owns 35,205 shares of the company's stock valued at $175,000 after buying an additional 5,236 shares during the last quarter. Vanguard Group Inc. raised its stake in WideOpenWest by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 3,256,872 shares of the company's stock worth $16,154,000 after acquiring an additional 60,912 shares during the last quarter. Anthracite Investment Company Inc. acquired a new stake in WideOpenWest during the 4th quarter worth about $357,000. JPMorgan Chase & Co. grew its stake in WideOpenWest by 40.9% during the 4th quarter. JPMorgan Chase & Co. now owns 706,080 shares of the company's stock valued at $3,502,000 after purchasing an additional 204,926 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of WideOpenWest in the fourth quarter valued at about $452,000. Hedge funds and other institutional investors own 87.77% of the company's stock.

WideOpenWest Stock Performance

Shares of WOW traded up $0.03 during mid-day trading on Friday, reaching $4.19. The company had a trading volume of 104,896 shares, compared to its average volume of 400,154. The stock has a market capitalization of $357.72 million, a P/E ratio of -3.74 and a beta of 1.32. WideOpenWest, Inc. has a 52-week low of $4.03 and a 52-week high of $5.80. The stock has a 50 day moving average of $4.37 and a two-hundred day moving average of $4.61. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 4.41.

WideOpenWest (NYSE:WOW - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. The company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $148.17 million. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. WideOpenWest's revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.18) earnings per share. On average, analysts expect that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen downgraded WideOpenWest from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Benchmark decreased their price objective on shares of WideOpenWest from $7.50 to $6.50 and set a "buy" rating for the company in a research note on Thursday, May 29th.

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.