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

Wall Street Zen downgraded shares of WideOpenWest (NYSE:WOW - Free Report) from a hold rating to a sell rating in a report issued on Sunday.

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

WideOpenWest Stock Up 0.1%

Shares of NYSE:WOW traded up $0.01 during midday trading on Friday, hitting $3.93. 182,995 shares of the company's stock traded hands, compared to its average volume of 396,798. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $335.51 million, a PE ratio of -5.61 and a beta of 1.26. The firm's fifty day moving average price is $4.27 and its two-hundred day moving average price is $4.54. WideOpenWest has a twelve month low of $3.87 and a twelve month high of $5.80.

WideOpenWest (NYSE:WOW - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.17) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. WideOpenWest had a negative net margin of 9.32% and a negative return on equity of 26.90%. The business had revenue of $150.00 million for the quarter, compared to analysts' expectations of $148.17 million. During the same period in the previous year, the company posted ($0.18) earnings per share. The business's revenue for the quarter was down 7.1% compared to the same quarter last year. On average, equities research analysts anticipate that WideOpenWest will post -0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Paragon Capital Management Ltd acquired a new position in WideOpenWest in the 1st quarter worth about $6,098,000. Rangeley Capital LLC acquired a new stake in shares of WideOpenWest during the 4th quarter valued at about $3,722,000. LB Partners LLC grew 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 buying an additional 288,678 shares in the last quarter. D. E. Shaw & Co. Inc. grew 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 buying an additional 273,737 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in WideOpenWest by 40.9% in the fourth quarter. JPMorgan Chase & Co. now owns 706,080 shares of the company's stock worth $3,502,000 after buying an additional 204,926 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company's stock.

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.