WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder Sells 20,000 Shares of Stock

WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $5.12, for a total value of $102,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,535,787 shares of the company’s stock, valued at approximately $7,863,229.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

WideOpenWest Stock Up 4.3 %

NYSE WOW opened at $5.53 on Wednesday. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.62 and a quick ratio of 0.62. The stock’s fifty day moving average price is $5.24 and its 200 day moving average price is $5.05. WideOpenWest, Inc. has a 1 year low of $2.31 and a 1 year high of $7.88.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.17). WideOpenWest had a negative return on equity of 22.14% and a negative net margin of 14.17%. The firm had revenue of $158.00 million during the quarter, compared to analysts’ expectations of $157.46 million. During the same quarter in the previous year, the business earned ($1.29) earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, analysts anticipate that WideOpenWest, Inc. will post -0.61 EPS for the current fiscal year.

Institutional Trading of WideOpenWest

Large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of WideOpenWest by 23.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock worth $53,000 after purchasing an additional 2,732 shares during the last quarter. Algert Global LLC raised its stake in shares of WideOpenWest by 9.5% during the 2nd quarter. Algert Global LLC now owns 33,436 shares of the company’s stock valued at $181,000 after buying an additional 2,896 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of WideOpenWest in the 2nd quarter valued at about $25,000. Creative Planning boosted its stake in shares of WideOpenWest by 21.5% in the third quarter. Creative Planning now owns 27,737 shares of the company’s stock worth $146,000 after buying an additional 4,905 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in WideOpenWest by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 172,598 shares of the company’s stock valued at $934,000 after acquiring an additional 8,204 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Benchmark lowered their target price on shares of WideOpenWest from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Monday, August 26th.

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.