Wall Street Zen Upgrades WideOpenWest (NYSE:WOW) to "Hold"

WideOpenWest (NYSE:WOW - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Thursday.

WideOpenWest Trading Up 1.5%

Shares of NYSE:WOW traded up $0.07 during midday trading on Thursday, reaching $4.30. 118,164 shares of the company's stock were exchanged, compared to its average volume of 412,683. The firm's 50 day simple moving average is $4.50 and its two-hundred day simple moving average is $4.67. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market cap of $367.12 million, a price-to-earnings ratio of -3.83 and a beta of 1.32. WideOpenWest has a fifty-two week low of $4.03 and a fifty-two week high of $5.80.

WideOpenWest (NYSE:WOW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.02. The firm had revenue of $150.00 million during the quarter, compared to the consensus estimate of $148.17 million. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. The company's quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the company earned ($0.18) EPS. As a group, sell-side analysts forecast that WideOpenWest will post -0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in WideOpenWest by 119.8% during the first quarter. Empowered Funds LLC now owns 96,638 shares of the company's stock worth $478,000 after purchasing an additional 52,669 shares in the last quarter. Algert Global LLC lifted its stake in WideOpenWest by 13.4% during the first quarter. Algert Global LLC now owns 46,985 shares of the company's stock worth $233,000 after purchasing an additional 5,567 shares in the last quarter. Nuveen LLC acquired a new position in WideOpenWest during the first quarter worth $718,000. Charles Schwab Investment Management Inc. lifted its stake in WideOpenWest by 6.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 648,947 shares of the company's stock worth $3,212,000 after purchasing an additional 37,306 shares in the last quarter. Finally, R Squared Ltd lifted its stake in WideOpenWest by 38.0% during the first quarter. R Squared Ltd now owns 27,160 shares of the company's stock worth $134,000 after purchasing an additional 7,485 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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.