LB Partners LLC Has $35.95 Million Holdings in WideOpenWest, Inc. (NYSE:WOW)

LB Partners LLC lifted its stake in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,358,522 shares of the company's stock after buying an additional 288,678 shares during the period. WideOpenWest makes up approximately 25.9% of LB Partners LLC's holdings, making the stock its largest holding. LB Partners LLC owned about 8.69% of WideOpenWest worth $35,946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WOW. Paragon Capital Management Ltd bought a new position in shares of WideOpenWest during the first quarter valued at about $6,098,000. SummerHaven Investment Management LLC boosted its stake in shares of WideOpenWest by 2.3% during the 1st quarter. SummerHaven Investment Management LLC now owns 152,640 shares of the company's stock valued at $756,000 after purchasing an additional 3,368 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of WideOpenWest by 325.7% during the fourth quarter. Mackenzie Financial Corp now owns 85,646 shares of the company's stock valued at $425,000 after buying an additional 65,528 shares during the period. Two Sigma Advisers LP raised its stake in WideOpenWest by 36.2% in the fourth quarter. Two Sigma Advisers LP now owns 52,300 shares of the company's stock worth $259,000 after buying an additional 13,900 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in WideOpenWest in the fourth quarter worth about $165,000. Institutional investors own 87.77% of the company's stock.

Wall Street Analyst Weigh In

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

WideOpenWest Stock Down 3.1%

Shares of NYSE:WOW traded down $0.13 during trading on Monday, reaching $4.04. 43,940 shares of the stock traded hands, compared to its average volume of 330,859. The stock has a market cap of $345.34 million, a P/E ratio of -5.77 and a beta of 1.25. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a 50-day moving average of $4.22 and a two-hundred day moving average of $4.45. WideOpenWest, Inc. has a 52-week low of $3.87 and a 52-week high of $5.80.

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