Gamco Investors INC. ET AL Decreases Stock Position in WideOpenWest, Inc. $WOW

Key Points

• Gamco Investors INC. ET AL reduced its holdings in WideOpenWest by 6.5%, now owning approximately 1.52% of the company, worth $6.45 million after selling 89,932 shares in the first quarter.
• WideOpenWest reported a loss of $0.22 EPS for the latest quarter, missing analysts' estimates, despite revenue of $144.20 million which slightly surpassed expectations.
• Wall Street analysts currently have a consensus rating of "Hold" for WideOpenWest, with a price target of $5.85, reflecting mixed sentiments among financial institutions.

Gamco Investors INC. ET AL trimmed its holdings in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) by 6.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,303,312 shares of the company's stock after selling 89,932 shares during the period. Gamco Investors INC. ET AL owned approximately 1.52% of WideOpenWest worth $6,451,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WOW. Wells Fargo & Company MN increased its position in shares of WideOpenWest by 27.4% during the fourth quarter. Wells Fargo & Company MN now owns 29,684 shares of the company's stock valued at $147,000 after acquiring an additional 6,391 shares in the last quarter. Invesco Ltd. increased its position in shares of WideOpenWest by 1.5% during the fourth quarter. Invesco Ltd. now owns 373,597 shares of the company's stock valued at $1,853,000 after acquiring an additional 5,465 shares in the last quarter. Marshall Wace LLP increased its position in shares of WideOpenWest by 96.4% during the fourth quarter. Marshall Wace LLP now owns 153,865 shares of the company's stock valued at $763,000 after acquiring an additional 75,539 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of WideOpenWest by 94.0% during the fourth quarter. MetLife Investment Management LLC now owns 30,326 shares of the company's stock valued at $150,000 after acquiring an additional 14,696 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased 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 valued at $97,000 after acquiring an additional 2,657 shares in the last quarter. Institutional investors own 87.77% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on WOW. Wall Street Zen downgraded shares of WideOpenWest from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. UBS Group reaffirmed a "neutral" rating and issued a $5.20 target price (up previously from $4.80) on shares of WideOpenWest in a research report on Tuesday, August 12th. Finally, Benchmark downgraded shares of WideOpenWest from a "buy" rating to a "hold" rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $5.85.

WideOpenWest Stock Performance

Shares of WideOpenWest stock traded down $0.01 on Monday, hitting $5.09. 567,415 shares of the company's stock were exchanged, compared to its average volume of 3,423,399. The company has a 50-day simple moving average of $4.15 and a 200-day simple moving average of $4.35. The stock has a market capitalization of $436.14 million, a PE ratio of -6.44 and a beta of 1.28. WideOpenWest, Inc. has a 1 year low of $3.06 and a 1 year high of $5.79. The company has a debt-to-equity ratio of 5.71, a quick ratio of 0.64 and a current ratio of 0.64.

WideOpenWest (NYSE:WOW - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The firm had revenue of $144.20 million during the quarter, compared to the consensus estimate of $143.62 million. WideOpenWest had a negative return on equity of 32.26% and a negative net margin of 10.70%. As a group, equities analysts anticipate that WideOpenWest, Inc. will post -0.72 EPS for the current year.

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.