LB Partners LLC Invests $12.05 Million in WideOpenWest, Inc. (NYSE:WOW)

LB Partners LLC purchased a new position in shares of WideOpenWest, Inc. (NYSE:WOW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,975,961 shares of the company's stock, valued at approximately $12,053,000. WideOpenWest accounts for approximately 13.2% of LB Partners LLC's holdings, making the stock its 2nd largest holding. LB Partners LLC owned 3.56% of WideOpenWest as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in WideOpenWest during the second quarter worth approximately $29,000. Point72 Middle East FZE acquired a new position in WideOpenWest during the fourth quarter worth approximately $30,000. Tower Research Capital LLC TRC increased its position in WideOpenWest by 150.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the company's stock worth $31,000 after buying an additional 2,190 shares during the period. PNC Financial Services Group Inc. purchased a new position in shares of WideOpenWest in the 2nd quarter valued at approximately $40,000. Finally, Royal Bank of Canada grew its stake in shares of WideOpenWest by 78.6% in the 2nd quarter. Royal Bank of Canada now owns 5,365 shares of the company's stock valued at $45,000 after purchasing an additional 2,361 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

WideOpenWest Stock Performance

Shares of WOW stock traded down $0.15 during midday trading on Wednesday, hitting $3.70. The company had a trading volume of 464,572 shares, compared to its average volume of 648,801. The company's 50 day simple moving average is $3.56 and its 200 day simple moving average is $4.53. WideOpenWest, Inc. has a 52-week low of $2.31 and a 52-week high of $11.75. The stock has a market cap of $307.83 million, a price-to-earnings ratio of -1.04 and a beta of 1.38. 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 (NYSE:WOW - Get Free Report) last announced its earnings results on Wednesday, March 13th. The company reported ($0.08) earnings per share for the quarter. WideOpenWest had a negative net margin of 41.90% and a negative return on equity of 12.32%. The company had revenue of $168.80 million during the quarter, compared to analysts' expectations of $171.13 million. Research analysts anticipate that WideOpenWest, Inc. will post -0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a "buy" rating and issued a $8.00 target price on shares of WideOpenWest in a research note on Thursday, March 14th.

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.

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