Insider Selling: WideOpenWest, Inc. (NYSE:WOW) CEO Sells 20,000 Shares of Stock

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

WideOpenWest Trading Down 0.8 %

Shares of WideOpenWest stock opened at $5.21 on Wednesday. The business’s 50 day simple moving average is $4.77 and its 200 day simple moving average is $4.02. The company has a debt-to-equity ratio of 3.89, a current ratio of 0.66 and a quick ratio of 0.66. WideOpenWest, Inc. has a 52-week low of $2.31 and a 52-week high of $9.06.

WideOpenWest (NYSE:WOW) last posted 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). The business had revenue of $161.50 million during the quarter, compared to analyst estimates of $161.40 million. WideOpenWest had a negative net margin of 39.16% and a negative return on equity of 7.43%. WideOpenWest’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.46) earnings per share. On average, equities research analysts forecast that WideOpenWest, Inc. will post -0.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WOW shares. Raymond James reaffirmed an “underperform” rating on shares of WideOpenWest in a research note on Tuesday. Benchmark reaffirmed a “buy” rating and issued a $8.00 target price on shares of WideOpenWest in a research note on Thursday, March 14th.

Institutional Investors Weigh In On WideOpenWest

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WOW. Price T Rowe Associates Inc. MD boosted its stake in shares of WideOpenWest by 23.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock worth $53,000 after buying an additional 2,732 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in WideOpenWest by 44.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,343 shares of the company’s stock worth $62,000 after acquiring an additional 4,704 shares in the last quarter. Bfsg LLC acquired a new position in WideOpenWest during the fourth quarter valued at approximately $39,000. SG Americas Securities LLC boosted its position in WideOpenWest by 42.0% during the fourth quarter. SG Americas Securities LLC now owns 33,839 shares of the company’s stock valued at $137,000 after purchasing an additional 10,014 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in WideOpenWest by 655.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,669 shares of the company’s stock valued at $51,000 after purchasing an additional 10,991 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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.