WideOpenWest (NYSE:WOW) Downgraded to "Sell" Rating by Wall Street Zen

WideOpenWest (NYSE:WOW - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

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

WideOpenWest Price Performance

Shares of WOW stock traded up $0.04 during trading on Friday, hitting $4.24. The company had a trading volume of 88,117 shares, compared to its average volume of 341,013. WideOpenWest has a 52 week low of $4.03 and a 52 week high of $5.80. The stock has a market capitalization of $362.42 million, a price-to-earnings ratio of -3.79 and a beta of 1.32. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 4.41. The stock's 50-day moving average is $4.40 and its two-hundred day moving average is $4.62.

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

Institutional Investors Weigh In On WideOpenWest

Several institutional investors have recently modified their holdings of WOW. Paragon Capital Management Ltd purchased a new position in shares of WideOpenWest during the first quarter worth approximately $6,098,000. Rangeley Capital LLC purchased a new stake in WideOpenWest in the fourth quarter valued at about $3,722,000. LB Partners LLC grew its stake in shares of WideOpenWest by 6.3% during the fourth quarter. LB Partners LLC now owns 7,069,844 shares of the company's stock worth $35,066,000 after acquiring an additional 421,041 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position 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 period. Finally, JPMorgan Chase & Co. raised its stake in WideOpenWest by 40.9% in the 4th quarter. JPMorgan Chase & Co. now owns 706,080 shares of the company's stock worth $3,502,000 after acquiring an additional 204,926 shares during the last quarter. 87.77% of the stock is owned by 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.