Hsbc Holdings PLC Reduces Stock Holdings in WideOpenWest, Inc. $WOW

Hsbc Holdings PLC decreased its stake in WideOpenWest, Inc. (NYSE:WOW) by 24.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,343 shares of the company’s stock after selling 17,940 shares during the quarter. Hsbc Holdings PLC’s holdings in WideOpenWest were worth $270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WOW. Wells Fargo & Company MN boosted its holdings in shares of WideOpenWest by 27.4% in the 4th quarter. Wells Fargo & Company MN now owns 29,684 shares of the company’s stock worth $147,000 after purchasing an additional 6,391 shares during the period. MetLife Investment Management LLC lifted its stake in shares of WideOpenWest by 94.0% during the 4th quarter. MetLife Investment Management LLC now owns 30,326 shares of the company’s stock worth $150,000 after acquiring an additional 14,696 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of WideOpenWest by 15.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company’s stock worth $97,000 after acquiring an additional 2,657 shares during the last quarter. Northern Trust Corp lifted its stake in shares of WideOpenWest by 3.7% during the 4th quarter. Northern Trust Corp now owns 425,627 shares of the company’s stock worth $2,111,000 after acquiring an additional 15,350 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of WideOpenWest by 25.7% during the 4th quarter. Bank of America Corp DE now owns 340,494 shares of the company’s stock worth $1,689,000 after acquiring an additional 69,708 shares during the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

WideOpenWest Trading Up 0.1%

Shares of NYSE WOW opened at $5.09 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 5.71. The business has a fifty day simple moving average of $4.23 and a two-hundred day simple moving average of $4.37. The firm has a market cap of $436.14 million, a PE ratio of -6.44 and a beta of 1.28. WideOpenWest, Inc. has a twelve month low of $3.06 and a twelve month high of $5.78.

WideOpenWest (NYSE:WOW) last issued its earnings results on Monday, August 11th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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 10.70% and a negative return on equity of 32.26%. Analysts expect that WideOpenWest, Inc. will post -0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WOW has been the subject of a number of research analyst reports. Benchmark lowered WideOpenWest from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Wall Street Zen lowered WideOpenWest from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, UBS Group reissued a “neutral” rating and set a $5.20 price target (up from $4.80) on shares of WideOpenWest in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $5.85.

WideOpenWest 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.