WideOpenWest, Inc. (NYSE:WOW) CEO Sells $104,600.00 in Stock

WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder sold 20,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $5.23, for a total value of $104,600.00. Following the sale, the chief executive officer now directly owns 1,595,787 shares of the company’s stock, valued at $8,345,966.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

WideOpenWest Stock Performance

WOW traded down $0.03 during trading hours on Tuesday, hitting $5.22. The stock had a trading volume of 493,651 shares, compared to its average volume of 638,037. The company’s fifty day simple moving average is $4.74 and its 200 day simple moving average is $4.01. WideOpenWest, Inc. has a 1 year low of $2.31 and a 1 year high of $9.06. The stock has a market cap of $441.46 million, a PE ratio of -1.61 and a beta of 1.54. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 3.89.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03). WideOpenWest had a negative return on equity of 7.43% and a negative net margin of 39.16%. The firm had revenue of $161.50 million during the quarter, compared to analysts’ expectations of $161.40 million. During the same period last year, the business posted ($0.46) EPS. The company’s revenue was down 6.2% compared to the same quarter last year. Equities analysts anticipate that WideOpenWest, Inc. will post -0.75 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on WOW. Benchmark reaffirmed a “buy” rating and set a $8.00 target price on shares of WideOpenWest in a research report on Thursday, March 14th. Raymond James reissued an “underperform” rating on shares of WideOpenWest in a report on Tuesday.

Institutional Trading of WideOpenWest

A number of hedge funds have recently bought and sold shares of the company. LB Partners LLC lifted its position in WideOpenWest by 116.8% in the 1st quarter. LB Partners LLC now owns 6,451,151 shares of the company’s stock worth $23,353,000 after buying an additional 3,475,190 shares during the last quarter. Alberta Investment Management Corp increased its stake in WideOpenWest by 1.5% in the 4th quarter. Alberta Investment Management Corp now owns 3,276,632 shares of the company’s stock worth $13,270,000 after purchasing an additional 47,772 shares during the period. Bares Capital Management Inc. increased its stake in WideOpenWest by 20.5% in the 1st quarter. Bares Capital Management Inc. now owns 3,169,204 shares of the company’s stock worth $11,473,000 after purchasing an additional 538,770 shares during the period. Gamco Investors INC. ET AL increased its stake in WideOpenWest by 6.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,333,157 shares of the company’s stock worth $4,826,000 after purchasing an additional 80,060 shares during the period. Finally, Private Management Group Inc. increased its stake in WideOpenWest by 126.9% in the 4th quarter. Private Management Group Inc. now owns 997,008 shares of the company’s stock worth $4,038,000 after purchasing an additional 557,653 shares during the period. 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.