Raymond James downgraded shares of WideOpenWest (NYSE:WOW - Free Report) from an outperform rating to a market perform rating in a report published on Wednesday, Marketbeat Ratings reports.
Separately, Benchmark reiterated a buy rating and issued a $8.00 target price on shares of WideOpenWest in a report on Thursday, March 14th.
View Our Latest Analysis on WOW
WideOpenWest Trading Up 0.3 %
Shares of WideOpenWest stock traded up $0.02 during midday trading on Wednesday, reaching $4.66. The company had a trading volume of 1,421,354 shares, compared to its average volume of 686,531. The firm has a market cap of $387.81 million, a PE ratio of -1.31 and a beta of 1.39. The stock has a fifty day moving average price of $3.59 and a 200 day moving average price of $4.02. The company has a debt-to-equity ratio of 3.55, a current ratio of 0.65 and a quick ratio of 0.65. WideOpenWest has a fifty-two week low of $2.31 and a fifty-two week high of $9.06.
WideOpenWest (NYSE:WOW - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.03). The firm had revenue of $161.50 million during the quarter, compared to analyst estimates of $161.40 million. WideOpenWest had a negative return on equity of 12.32% and a negative net margin of 41.90%. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.46) EPS. On average, equities analysts anticipate that WideOpenWest will post -0.6 earnings per share for the current year.
Insider Transactions at WideOpenWest
In other WideOpenWest news, CEO Teresa L. Elder sold 19,111 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $5.00, for a total value of $95,555.00. Following the transaction, the chief executive officer now directly owns 1,636,676 shares in the company, valued at $8,183,380. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other WideOpenWest news, CEO Teresa L. Elder sold 19,111 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $5.00, for a total value of $95,555.00. Following the transaction, the chief executive officer now directly owns 1,636,676 shares in the company, valued at $8,183,380. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Don Schena sold 10,000 shares of the business's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $5.00, for a total transaction of $50,000.00. Following the completion of the transaction, the insider now owns 286,413 shares in the company, valued at $1,432,065. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock worth $150,009 in the last ninety days. Company insiders own 4.00% of the company's stock.
Institutional Trading of WideOpenWest
Institutional investors have recently modified their holdings of the business. Raymond James & Associates increased its holdings in WideOpenWest by 8.8% during the 3rd quarter. Raymond James & Associates now owns 42,038 shares of the company's stock worth $322,000 after acquiring an additional 3,397 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in WideOpenWest by 44.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,343 shares of the company's stock worth $62,000 after acquiring an additional 4,704 shares during the period. Bfsg LLC bought a new stake in WideOpenWest during the 4th quarter worth approximately $39,000. SG Americas Securities LLC increased its holdings in WideOpenWest by 42.0% during the 4th quarter. SG Americas Securities LLC now owns 33,839 shares of the company's stock worth $137,000 after acquiring an additional 10,014 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in WideOpenWest by 655.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,669 shares of the company's stock worth $51,000 after acquiring an additional 10,991 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.
About WideOpenWest
(
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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.
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