LB Partners LLC increased its holdings in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 4.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,358,522 shares of the company's stock after acquiring an additional 288,678 shares during the quarter. WideOpenWest makes up about 25.9% of LB Partners LLC's investment portfolio, making the stock its largest position. LB Partners LLC owned approximately 8.69% of WideOpenWest worth $35,946,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in WOW. ProShare Advisors LLC acquired a new stake in shares of WideOpenWest during the 4th quarter worth approximately $70,000. Price T Rowe Associates Inc. MD grew its position in shares of WideOpenWest by 15.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company's stock worth $97,000 after buying an additional 2,657 shares in the last quarter. Graham Capital Management L.P. acquired a new position in WideOpenWest in the fourth quarter valued at approximately $125,000. Aquatic Capital Management LLC purchased a new stake in WideOpenWest in the fourth quarter valued at approximately $143,000. Finally, Covestor Ltd raised its stake in shares of WideOpenWest by 16.0% during the fourth quarter. Covestor Ltd now owns 29,680 shares of the company's stock worth $147,000 after purchasing an additional 4,103 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on WOW. Wall Street Zen raised WideOpenWest from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Benchmark cut their price target on WideOpenWest from $7.50 to $6.50 and set a "buy" rating on the stock in a report on Thursday, May 29th.
Check Out Our Latest Analysis on WOW
WideOpenWest Price Performance
Shares of NYSE:WOW traded down $0.06 during trading hours on Wednesday, hitting $4.05. 126,813 shares of the company's stock traded hands, compared to its average volume of 389,855. The company's fifty day simple moving average is $4.20 and its two-hundred day simple moving average is $4.45. The company has a market cap of $346.19 million, a price-to-earnings ratio of -5.79 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. 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 quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $148.17 million. During the same period in the previous year, the firm earned ($0.18) earnings per share. WideOpenWest's quarterly revenue was down 7.1% on a year-over-year basis. As a group, equities analysts anticipate that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.
WideOpenWest Profile
(
Free Report)
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.
Featured Stories

Before you consider WideOpenWest, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WideOpenWest wasn't on the list.
While WideOpenWest currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.