Wall Street Zen Downgrades WideOpenWest (NYSE:WOW) to Sell

WideOpenWest (NYSE:WOW - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

Separately, Benchmark cut their target price on WideOpenWest from $7.50 to $6.50 and set a "buy" rating for the company in a research note on Thursday, May 29th.

WideOpenWest Trading Down 1.2%

Shares of WOW stock opened at $3.97 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 4.41. The stock has a market cap of $339.34 million, a P/E ratio of -3.54 and a beta of 1.26. The stock has a 50 day simple moving average of $4.30 and a 200 day simple moving average of $4.56. WideOpenWest has a 1 year low of $3.87 and a 1 year high of $5.80.

WideOpenWest (NYSE:WOW - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. The business had revenue of $150.00 million during the quarter, compared to analysts' expectations of $148.17 million. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. The firm's revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) earnings per share. On average, research analysts predict that WideOpenWest will post -0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WideOpenWest

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Paragon Capital Management Ltd bought a new position in shares of WideOpenWest in the 1st quarter valued at $6,098,000. Rangeley Capital LLC bought a new position in shares of WideOpenWest in the 4th quarter valued at $3,722,000. LB Partners LLC lifted its stake in shares of WideOpenWest by 4.1% in the 1st quarter. LB Partners LLC now owns 7,358,522 shares of the company's stock valued at $35,946,000 after acquiring an additional 288,678 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of WideOpenWest by 32.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,108,298 shares of the company's stock valued at $5,497,000 after acquiring an additional 273,737 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted 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 during the last quarter. 87.77% of the stock is currently owned by institutional investors.

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.

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