WideOpenWest (NYSE:WOW) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of WideOpenWest (NYSE:WOW) from a hold rating to a sell rating in a research note released on Saturday.

Separately, Benchmark dropped their target price on shares of WideOpenWest from $7.50 to $6.50 and set a “buy” rating on the stock in a report on Thursday, May 29th.

WideOpenWest Price Performance

Shares of NYSE WOW opened at $3.41 on Friday. The company has a market capitalization of $291.06 million, a price-to-earnings ratio of -4.86 and a beta of 1.24. The company has a debt-to-equity ratio of 5.17, a quick ratio of 0.66 and a current ratio of 0.66. The company has a 50 day simple moving average of $3.87 and a two-hundred day simple moving average of $4.28. WideOpenWest has a fifty-two week low of $3.06 and a fifty-two week high of $5.80.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The firm had revenue of $144.20 million for the quarter, compared to the consensus estimate of $143.62 million. WideOpenWest had a negative net margin of 9.32% and a negative return on equity of 26.90%. Analysts expect that WideOpenWest will post -0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On WideOpenWest

Several institutional investors and hedge funds have recently added to or reduced their stakes in WOW. Vanguard Group Inc. boosted its holdings in WideOpenWest by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 3,256,872 shares of the company’s stock worth $16,154,000 after purchasing an additional 60,912 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of WideOpenWest by 40.9% during the 4th 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. Arrowstreet Capital Limited Partnership purchased a new position in shares of WideOpenWest during the 4th quarter worth $452,000. Geode Capital Management LLC boosted its stake in shares of WideOpenWest by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 1,127,691 shares of the company’s stock worth $5,595,000 after acquiring an additional 14,187 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of WideOpenWest by 27.4% during the 4th quarter. Wells Fargo & Company MN now owns 29,684 shares of the company’s stock worth $147,000 after acquiring an additional 6,391 shares during 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.