Pekin Hardy Strauss Inc. Makes New $587,000 Investment in WideOpenWest, Inc. (NYSE:WOW)

Pekin Hardy Strauss Inc. bought a new position in shares of WideOpenWest, Inc. (NYSE:WOW) during the 3rd quarter, HoldingsChannel reports. The fund bought 111,825 shares of the company’s stock, valued at approximately $587,000.

Other large investors have also made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in WideOpenWest in the 1st quarter valued at $79,000. Price T Rowe Associates Inc. MD grew its holdings in shares of WideOpenWest by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock valued at $53,000 after purchasing an additional 2,732 shares during the period. Bayesian Capital Management LP acquired a new stake in WideOpenWest during the first quarter worth about $72,000. Bank of New York Mellon Corp raised its stake 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 worth $934,000 after purchasing an additional 8,204 shares during the period. Finally, Panagora Asset Management Inc. acquired a new position in WideOpenWest in the 2nd quarter valued at about $324,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

WideOpenWest Trading Up 4.1 %

NYSE:WOW opened at $5.34 on Monday. WideOpenWest, Inc. has a 52 week low of $2.31 and a 52 week high of $5.80. The stock’s fifty day moving average is $5.21 and its two-hundred day moving average is $5.20. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.58 and a current ratio of 0.58.

WideOpenWest (NYSE:WOW) last issued 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). The company had revenue of $158.00 million during the quarter, compared to analysts’ expectations of $157.46 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 8.7% on a year-over-year basis. During the same quarter last year, the firm posted ($1.29) earnings per share. On average, equities research analysts predict that WideOpenWest, Inc. will post -0.61 EPS for the current year.

Insider Transactions at WideOpenWest

In other news, CEO Teresa L. Elder sold 20,000 shares of WideOpenWest stock in a transaction on 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. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.00% of the company’s stock.

WideOpenWest 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.