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

WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder sold 20,000 shares of WideOpenWest stock in a transaction on Monday, July 1st. The stock was sold at an average price of $5.23, for a total value of $104,600.00. Following the sale, the chief executive officer now owns 1,595,787 shares in the company, valued at $8,345,966.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

WideOpenWest Price Performance

Shares of WideOpenWest stock opened at $5.15 on Friday. WideOpenWest, Inc. has a 52-week low of $2.31 and a 52-week high of $9.06. The stock’s 50-day simple moving average is $4.84 and its 200 day simple moving average is $4.04. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.66 and a current ratio of 0.66.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). WideOpenWest had a negative net margin of 39.16% and a negative return on equity of 7.43%. The firm had revenue of $161.50 million during the quarter, compared to the consensus estimate of $161.40 million. During the same quarter in the prior year, the firm posted ($0.46) earnings per share. The company’s revenue was down 6.2% on a year-over-year basis. On average, equities research analysts forecast that WideOpenWest, Inc. will post -0.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WOW has been the topic of a number of recent analyst reports. Raymond James reiterated an “underperform” rating on shares of WideOpenWest in a research note on Tuesday. Benchmark reiterated a “buy” rating and set a $8.00 target price on shares of WideOpenWest in a research note on Thursday, March 14th.

Institutional Investors Weigh In On WideOpenWest

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bfsg LLC purchased a new position in WideOpenWest during the 4th quarter valued at about $39,000. Tower Research Capital LLC TRC grew its holdings in WideOpenWest by 655.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,669 shares of the company’s stock valued at $51,000 after buying an additional 10,991 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in WideOpenWest by 23.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock valued at $53,000 after buying an additional 2,732 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in WideOpenWest by 44.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,343 shares of the company’s stock valued at $62,000 after buying an additional 4,704 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in WideOpenWest during the 1st quarter valued at about $72,000. 87.77% of the stock is currently owned by institutional investors.

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.