Rangeley Capital LLC Buys New Stake in WideOpenWest, Inc. (NYSE:WOW)

Rangeley Capital LLC purchased a new stake in shares of WideOpenWest, Inc. (NYSE:WOW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 750,340 shares of the company’s stock, valued at approximately $3,722,000. WideOpenWest accounts for approximately 3.4% of Rangeley Capital LLC’s portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in WOW. LB Partners LLC boosted its stake in WideOpenWest by 6.3% during the 4th quarter. LB Partners LLC now owns 7,069,844 shares of the company’s stock valued at $35,066,000 after purchasing an additional 421,041 shares during the period. Vanguard Group Inc. lifted its holdings in shares of WideOpenWest by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 3,256,872 shares of the company’s stock worth $16,154,000 after buying an additional 60,912 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of WideOpenWest by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,127,691 shares of the company’s stock worth $5,595,000 after buying an additional 14,187 shares during the last quarter. State Street Corp boosted its position in shares of WideOpenWest by 0.3% in the third quarter. State Street Corp now owns 1,048,205 shares of the company’s stock valued at $5,503,000 after acquiring an additional 2,838 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of WideOpenWest by 40.9% in the fourth quarter. JPMorgan Chase & Co. now owns 706,080 shares of the company’s stock worth $3,502,000 after acquiring an additional 204,926 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

WideOpenWest Trading Up 0.4 %

Shares of WOW stock opened at $5.03 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 4.41. WideOpenWest, Inc. has a 1 year low of $3.33 and a 1 year high of $5.80. The firm’s fifty day simple moving average is $4.63 and its 200 day simple moving average is $4.90. The firm has a market capitalization of $425.95 million, a P/E ratio of -4.49 and a beta of 1.37.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The business had revenue of $152.60 million during the quarter, compared to analyst estimates of $154.05 million. As a group, sell-side analysts predict that WideOpenWest, Inc. will post -0.72 EPS for the current year.

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.