WideOpenWest (NYSE:WOW) Downgraded by Wall Street Zen 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 research note issued on Friday.

Separately, Benchmark reduced 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.

WideOpenWest Stock Down 0.5%

NYSE WOW traded down $0.02 on Friday, reaching $4.19. The company had a trading volume of 290,888 shares, compared to its average volume of 406,450. The firm has a market capitalization of $358.14 million, a PE ratio of -3.74 and a beta of 1.32. WideOpenWest has a 1 year low of $4.03 and a 1 year high of $5.80. The firm has a 50-day moving average of $4.44 and a 200-day moving average of $4.63. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.58 and a quick ratio of 0.58.

WideOpenWest (NYSE:WOW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share 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 analysts' expectations of $148.17 million. WideOpenWest had a negative return on equity of 22.83% and a negative net margin of 14.17%. WideOpenWest's quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.18) EPS. On average, equities research analysts anticipate that WideOpenWest will post -0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On WideOpenWest

Several institutional investors and hedge funds have recently made changes to their positions in WOW. Horst & Graben Wealth Management LLC bought a new position in WideOpenWest during the first quarter worth $51,000. ProShare Advisors LLC bought a new position in WideOpenWest during the fourth quarter worth $70,000. Price T Rowe Associates Inc. MD lifted its stake in 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 purchasing an additional 2,657 shares during the last quarter. R Squared Ltd bought a new position in WideOpenWest during the fourth quarter worth $98,000. Finally, Kingsview Wealth Management LLC lifted its stake in WideOpenWest by 26.3% during 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. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

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.