WideOpenWest (NYSE:WOW) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of WideOpenWest (NYSE:WOW - Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Separately, Benchmark dropped their price target on shares of 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 Performance

NYSE WOW traded up $0.04 during trading hours on Friday, hitting $4.20. 221,528 shares of the company's stock traded hands, compared to its average volume of 399,573. The business's fifty day moving average price is $4.36 and its two-hundred day moving average price is $4.60. 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 firm has a market capitalization of $358.57 million, a P/E ratio of -3.75 and a beta of 1.26. WideOpenWest has a 52 week low of $4.03 and a 52 week high of $5.80.

WideOpenWest (NYSE:WOW - Get Free Report) last announced its 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 company had revenue of $150.00 million during the quarter, compared to analyst estimates of $148.17 million. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The firm's quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.18) earnings per share. Equities research analysts predict that WideOpenWest will post -0.72 EPS for the current year.

Hedge Funds Weigh In On WideOpenWest

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of WideOpenWest by 15.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company's stock worth $97,000 after acquiring an additional 2,657 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of WideOpenWest by 2.3% in the first quarter. SummerHaven Investment Management LLC now owns 152,640 shares of the company's stock valued at $756,000 after acquiring an additional 3,368 shares during the period. Covestor Ltd grew its holdings in shares of WideOpenWest by 16.0% in the fourth quarter. Covestor Ltd now owns 29,680 shares of the company's stock worth $147,000 after purchasing an additional 4,103 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of WideOpenWest by 26.3% in the first quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company's stock worth $119,000 after purchasing an additional 5,000 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of WideOpenWest by 17.5% in the fourth quarter. SG Americas Securities LLC now owns 35,205 shares of the company's stock worth $175,000 after purchasing an additional 5,236 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

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.