WideOpenWest, Inc. (NYSE:WOW) is LB Partners LLC's Largest Position

LB Partners LLC grew its holdings in WideOpenWest, Inc. (NYSE:WOW - Free Report) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,358,522 shares of the company's stock after buying an additional 288,678 shares during the period. WideOpenWest accounts for about 25.9% of LB Partners LLC's portfolio, making the stock its biggest holding. 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 and other institutional investors also recently modified their holdings of WOW. Paragon Capital Management Ltd bought a new position in shares of WideOpenWest in the 1st quarter worth about $6,098,000. Rangeley Capital LLC bought a new stake in WideOpenWest in the fourth quarter worth approximately $3,722,000. D. E. Shaw & Co. Inc. increased its holdings in WideOpenWest by 32.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,108,298 shares of the company's stock worth $5,497,000 after purchasing an additional 273,737 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of WideOpenWest by 40.9% in the 4th quarter. JPMorgan Chase & Co. now owns 706,080 shares of the company's stock valued at $3,502,000 after acquiring an additional 204,926 shares in the last quarter. Finally, DRW Securities LLC increased its stake in shares of WideOpenWest by 82.4% in the 4th quarter. DRW Securities LLC now owns 413,172 shares of the company's stock valued at $2,049,000 after acquiring an additional 186,597 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on WOW. Benchmark decreased their price target 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. Wall Street Zen raised shares of WideOpenWest from a "sell" rating to a "hold" rating in a research note on Friday, June 27th.

WideOpenWest Stock Down 2.4%

WOW stock traded down $0.10 during trading on Monday, reaching $4.07. The stock had a trading volume of 252,493 shares, compared to its average volume of 391,380. The company has a market capitalization of $347.90 million, a price-to-earnings ratio of -5.81 and a beta of 1.25. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 5.17. The company's 50 day moving average is $4.21 and its two-hundred day moving average is $4.45. WideOpenWest, Inc. has a one year low of $3.87 and a one year high of $5.80.

WideOpenWest (NYSE:WOW - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. The firm had revenue of $150.00 million during the quarter, compared to the consensus estimate of $148.17 million. WideOpenWest had a negative net margin of 9.32% and a negative return on equity of 26.90%. The company's revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.18) EPS. Equities research analysts forecast that WideOpenWest, Inc. will post -0.72 EPS for the current year.

WideOpenWest 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.