Mackenzie Financial Corp Increases Holdings in WideOpenWest, Inc. (NYSE:WOW)

Mackenzie Financial Corp boosted its position in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 325.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 85,646 shares of the company's stock after acquiring an additional 65,528 shares during the period. Mackenzie Financial Corp owned about 0.10% of WideOpenWest worth $425,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of WideOpenWest by 17.5% during the 4th 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 period. Vanguard Group Inc. grew its stake in shares of WideOpenWest by 1.9% during the 4th 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 during the period. Anthracite Investment Company Inc. purchased a new stake in shares of WideOpenWest during the 4th quarter valued at $357,000. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 204,926 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of WideOpenWest during the 4th quarter valued at $452,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

WideOpenWest Trading Up 0.8%

Shares of NYSE WOW traded up $0.04 during trading on Friday, hitting $4.20. 221,528 shares of the company traded hands, compared to its average volume of 399,573. WideOpenWest, Inc. has a 1 year low of $4.03 and a 1 year high of $5.80. The company has a 50-day moving average price of $4.36 and a 200-day moving average price of $4.61. The firm has a market capitalization of $358.57 million, a P/E ratio of -3.75 and a beta of 1.26. 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 for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The firm had revenue of $150.00 million during the quarter, compared to analysts' expectations of $148.17 million. During the same period in the prior year, the company earned ($0.18) EPS. The firm's revenue was down 7.1% on a year-over-year basis. On average, equities analysts predict that WideOpenWest, Inc. will post -0.72 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WOW. Wall Street Zen raised shares of WideOpenWest from a "sell" rating to a "hold" rating in a research note on Saturday. Benchmark lowered 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.

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.