Gabelli Funds LLC Sells 133,000 Shares of WideOpenWest, Inc. $WOW

Gabelli Funds LLC lowered its position in WideOpenWest, Inc. (NYSE:WOW) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,175,374 shares of the company’s stock after selling 133,000 shares during the period. Gabelli Funds LLC’s holdings in WideOpenWest were worth $5,818,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Horst & Graben Wealth Management LLC bought a new stake in shares of WideOpenWest in the 1st quarter valued at $51,000. ProShare Advisors LLC bought a new stake in shares of WideOpenWest in the 4th quarter valued at $70,000. Price T Rowe Associates Inc. MD increased its position in shares of WideOpenWest by 15.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company’s stock valued at $97,000 after buying an additional 2,657 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of WideOpenWest by 26.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company’s stock valued at $119,000 after buying an additional 5,000 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new position in WideOpenWest in the 4th quarter worth $125,000. Institutional investors own 87.77% of the company’s stock.

WideOpenWest Trading Down 0.1%

WideOpenWest stock opened at $5.09 on Friday. The firm has a 50-day moving average of $4.13 and a 200-day moving average of $4.35. WideOpenWest, Inc. has a one year low of $3.06 and a one year high of $5.79. The company has a debt-to-equity ratio of 5.71, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $436.14 million, a price-to-earnings ratio of -6.44 and a beta of 1.24.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). WideOpenWest had a negative return on equity of 32.26% and a negative net margin of 10.70%.The business had revenue of $144.20 million for the quarter, compared to analyst estimates of $143.62 million. On average, equities analysts expect that WideOpenWest, Inc. will post -0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of WideOpenWest from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Benchmark lowered shares of WideOpenWest from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $5.20 target price (up from $4.80) on shares of WideOpenWest in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.85.

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.