Gamco Investors INC. ET AL Has $6.45 Million Stake 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 lessened its stake in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,303,312 shares of the company's stock after selling 89,932 shares during the quarter. Gamco Investors INC. ET AL owned 1.52% of WideOpenWest worth $6,451,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Horst & Graben Wealth Management LLC bought a new position in shares of WideOpenWest during the 1st quarter worth approximately $51,000. ProShare Advisors LLC bought a new position in shares of WideOpenWest during the 4th quarter worth approximately $70,000. Price T Rowe Associates Inc. MD raised its position in WideOpenWest by 15.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company's stock valued at $97,000 after purchasing an additional 2,657 shares during the last quarter. Kingsview Wealth Management LLC raised its position in WideOpenWest by 26.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company's stock valued at $119,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Graham Capital Management L.P. bought a new position in WideOpenWest in the 4th quarter valued at $125,000. Institutional investors own 87.77% of the company's stock.

WideOpenWest Trading Down 0.1%

Shares of WideOpenWest stock traded down $0.01 during trading on Tuesday, reaching $5.09. 96,364 shares of the company were exchanged, compared to its average volume of 708,376. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 5.71. WideOpenWest, Inc. has a twelve month low of $3.06 and a twelve month high of $5.78. The business has a 50-day moving average price of $4.17 and a 200-day moving average price of $4.35. The firm has a market capitalization of $436.14 million, a price-to-earnings ratio of -6.44 and a beta of 1.28.

WideOpenWest (NYSE:WOW - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.07). WideOpenWest had a negative return on equity of 32.26% and a negative net margin of 10.70%.The company had revenue of $144.20 million for the quarter, compared to analyst estimates of $143.62 million. Sell-side analysts anticipate that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WOW. Benchmark downgraded WideOpenWest from a "buy" rating to a "hold" rating in a research report on Tuesday, August 12th. Wall Street Zen downgraded WideOpenWest from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, UBS Group reiterated a "neutral" rating and issued a $5.20 price objective (up previously from $4.80) on shares of WideOpenWest in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, WideOpenWest has a consensus rating of "Hold" and a consensus price target of $5.85.

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.