Aigen Investment Management LP bought a new stake in WideOpenWest Inc (NYSE:WOW) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 23,716 shares of the company’s stock, valued at approximately $176,000.
A number of other institutional investors also recently bought and sold shares of the stock. Crestview Partners III GP L.P. boosted its holdings in WideOpenWest by 0.3% during the 3rd quarter. Crestview Partners III GP L.P. now owns 30,504,016 shares of the company’s stock valued at $187,905,000 after acquiring an additional 93,058 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of WideOpenWest by 4,675.2% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,374,516 shares of the company’s stock valued at $57,747,000 after purchasing an additional 9,178,198 shares during the period. Vanguard Group Inc. boosted its stake in shares of WideOpenWest by 1.2% in the second quarter. Vanguard Group Inc. now owns 2,306,732 shares of the company’s stock valued at $16,747,000 after purchasing an additional 27,175 shares during the period. Millennium Management LLC boosted its stake in shares of WideOpenWest by 422.8% in the third quarter. Millennium Management LLC now owns 914,831 shares of the company’s stock valued at $5,635,000 after purchasing an additional 739,831 shares during the period. Finally, Ingalls & Snyder LLC grew its holdings in shares of WideOpenWest by 18.3% in the fourth quarter. Ingalls & Snyder LLC now owns 479,811 shares of the company’s stock valued at $3,560,000 after purchasing an additional 74,341 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.
In related news, CEO Teresa L. Elder purchased 12,672 shares of WideOpenWest stock in a transaction on Tuesday, December 3rd. The shares were bought at an average price of $5.92 per share, with a total value of $75,018.24. Following the transaction, the chief executive officer now directly owns 1,054,188 shares of the company’s stock, valued at $6,240,792.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.
WOW opened at $7.45 on Friday. WideOpenWest Inc has a 12 month low of $4.98 and a 12 month high of $9.87. The stock has a market capitalization of $659.92 million, a price-to-earnings ratio of 13.30 and a beta of 1.63. The business has a fifty day moving average price of $7.00 and a 200 day moving average price of $6.40.
Several equities research analysts recently weighed in on WOW shares. Raymond James downgraded shares of WideOpenWest from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $11.00 to $8.00 in a research note on Monday, November 4th. Zacks Investment Research reissued a “sell” rating on shares of WideOpenWest in a research report on Saturday, January 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $8.88.
WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; and ultra-video products, as well as offers commercial-free movies, sports, and other special event entertainment programs.
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