Russell Investments Group Ltd. Sells 3,119 Shares of WideOpenWest, Inc. (NYSE:WOW)

Russell Investments Group Ltd. decreased its stake in shares of WideOpenWest, Inc. (NYSE:WOWFree Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,351 shares of the company’s stock after selling 3,119 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of WideOpenWest worth $188,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WOW. Raymond James & Associates raised its holdings in shares of WideOpenWest by 8.8% in the third quarter. Raymond James & Associates now owns 42,038 shares of the company’s stock valued at $322,000 after purchasing an additional 3,397 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in WideOpenWest by 44.2% in 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 during the last quarter. Bfsg LLC bought a new stake in WideOpenWest during the 4th quarter worth about $39,000. SG Americas Securities LLC boosted its stake in shares of WideOpenWest by 42.0% during the 4th quarter. SG Americas Securities LLC now owns 33,839 shares of the company’s stock worth $137,000 after buying an additional 10,014 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of WideOpenWest in the 3rd quarter valued at about $135,000. 87.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research firms recently issued reports on WOW. Benchmark reiterated a “buy” rating and set a $8.00 target price on shares of WideOpenWest in a report on Thursday, March 14th. Raymond James cut WideOpenWest from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th.

View Our Latest Report on WOW

WideOpenWest Stock Down 1.5 %

Shares of WOW stock opened at $4.67 on Friday. WideOpenWest, Inc. has a 52-week low of $2.31 and a 52-week high of $9.06. The company has a debt-to-equity ratio of 3.89, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $394.94 million, a price-to-earnings ratio of -1.43 and a beta of 1.39. The firm’s 50-day moving average is $3.87 and its 200-day moving average is $3.88.

WideOpenWest (NYSE:WOWGet Free Report) last released 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%. The business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.46) earnings per share. Sell-side analysts predict that WideOpenWest, Inc. will post -0.75 EPS for the current year.

About WideOpenWest

(Free Report)

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.

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Institutional Ownership by Quarter for WideOpenWest (NYSE:WOW)

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