WideOpenWest, Inc. $WOW Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its holdings in shares of WideOpenWest, Inc. (NYSE:WOW) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,303,312 shares of the company’s stock after selling 89,932 shares during the quarter. Gamco Investors INC. ET AL owned approximately 1.52% of WideOpenWest worth $6,451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Paragon Capital Management Ltd acquired a new stake in WideOpenWest during the first quarter worth approximately $6,098,000. LB Partners LLC boosted its holdings in shares of WideOpenWest by 4.1% in the 1st quarter. LB Partners LLC now owns 7,358,522 shares of the company’s stock valued at $35,946,000 after buying an additional 288,678 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of WideOpenWest by 32.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,108,298 shares of the company’s stock valued at $5,497,000 after buying an additional 273,737 shares during the last quarter. Nuveen LLC acquired a new stake in WideOpenWest during the 1st quarter worth $718,000. Finally, Marshall Wace LLP raised its stake in WideOpenWest by 96.4% during the 4th quarter. Marshall Wace LLP now owns 153,865 shares of the company’s stock worth $763,000 after acquiring an additional 75,539 shares in the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WOW. UBS Group restated a “neutral” rating and issued a $5.20 price objective (up previously from $4.80) on shares of WideOpenWest in a research note on Tuesday, August 12th. Wall Street Zen downgraded WideOpenWest from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Benchmark downgraded WideOpenWest from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.85.

WideOpenWest Price Performance

Shares of NYSE WOW opened at $5.09 on Thursday. The stock has a fifty day moving average price of $4.11 and a 200 day moving average price of $4.34. WideOpenWest, Inc. has a 1-year low of $3.06 and a 1-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 PE ratio of -6.44 and a beta of 1.24.

WideOpenWest (NYSE:WOW) last announced 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 firm had revenue of $144.20 million for the quarter, compared to analysts’ expectations of $143.62 million. Sell-side analysts forecast that WideOpenWest, Inc. will post -0.72 EPS for the current year.

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.