WideOpenWest (NYSE:WOW) Receives Underperform Rating from Raymond James

WideOpenWest (NYSE:WOW)‘s stock had its “underperform” rating reissued by equities researchers at Raymond James in a report issued on Tuesday, MarketBeat.com reports.

Separately, Benchmark restated a “buy” rating and issued a $8.00 price objective on shares of WideOpenWest in a report on Thursday, March 14th.

WideOpenWest Price Performance

Shares of NYSE WOW opened at $5.25 on Tuesday. WideOpenWest has a twelve month low of $2.31 and a twelve month high of $9.06. The firm has a market cap of $443.99 million, a P/E ratio of -1.61 and a beta of 1.54. The company has a 50 day moving average of $4.74 and a 200 day moving average of $4.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 3.89.

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

Insiders Place Their Bets

In other WideOpenWest news, CEO Teresa L. Elder sold 19,111 shares of WideOpenWest stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $5.00, for a total value of $95,555.00. Following the completion of the sale, the chief executive officer now owns 1,636,676 shares of the company’s stock, valued at approximately $8,183,380. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other WideOpenWest news, insider Don Schena sold 10,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $5.00, for a total value of $50,000.00. Following the sale, the insider now owns 286,413 shares in the company, valued at approximately $1,432,065. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Teresa L. Elder sold 19,111 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $5.00, for a total transaction of $95,555.00. Following the completion of the sale, the chief executive officer now owns 1,636,676 shares in the company, valued at approximately $8,183,380. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,000 shares of company stock valued at $150,009. Company insiders own 4.00% of the company’s stock.

Institutional Trading of WideOpenWest

Several hedge funds have recently bought and sold shares of the stock. Bares Capital Management Inc. lifted its stake in WideOpenWest by 20.5% in the 1st quarter. Bares Capital Management Inc. now owns 3,169,204 shares of the company’s stock worth $11,473,000 after purchasing an additional 538,770 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in WideOpenWest in the 1st quarter worth $72,000. Price T Rowe Associates Inc. MD lifted its stake in WideOpenWest by 23.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock worth $53,000 after purchasing an additional 2,732 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of WideOpenWest during the 1st quarter valued at about $79,000. Finally, Gamco Investors INC. ET AL raised its position in shares of WideOpenWest by 6.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,333,157 shares of the company’s stock valued at $4,826,000 after buying an additional 80,060 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About WideOpenWest

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.