WideOpenWest (NYSE:WOW) Rating Reiterated by Raymond James

WideOpenWest (NYSE:WOW)‘s stock had its “underperform” rating reiterated by investment analysts at Raymond James in a research note issued to investors on Tuesday, Marketbeat Ratings reports.

Separately, Benchmark reiterated a “buy” rating and issued a $8.00 price target on shares of WideOpenWest in a report on Thursday, March 14th.

WideOpenWest Stock Down 1.2 %

WideOpenWest stock opened at $5.15 on Tuesday. The stock has a market capitalization of $435.54 million, a PE ratio of -1.58 and a beta of 1.54. WideOpenWest has a twelve month low of $2.31 and a twelve month high of $9.06. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 3.89. The company has a 50 day moving average of $4.80 and a 200-day moving average of $4.03.

WideOpenWest (NYSE:WOW) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The company 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 firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.46) EPS. On average, equities research analysts anticipate that WideOpenWest will post -0.75 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Teresa L. Elder sold 19,111 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $5.00, for a total transaction of $95,555.00. Following the completion of the transaction, the chief executive officer now owns 1,636,676 shares in the company, valued at $8,183,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other WideOpenWest news, insider Don Schena sold 10,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $5.00, for a total transaction of $50,000.00. Following the sale, the insider now directly owns 286,413 shares of the company’s stock, valued at $1,432,065. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Teresa L. Elder sold 19,111 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 transaction of $95,555.00. Following the sale, the chief executive officer now directly owns 1,636,676 shares in the company, valued at $8,183,380. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,000 shares of company stock worth $254,609. 4.00% of the stock is owned by insiders.

Institutional Trading of WideOpenWest

Several institutional investors and hedge funds have recently added to or reduced their stakes in WOW. Bfsg LLC bought a new position in shares of WideOpenWest in the fourth quarter valued at about $39,000. Tower Research Capital LLC TRC raised its position in shares of 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 during the period. Price T Rowe Associates Inc. MD raised its position in shares of WideOpenWest by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock valued at $53,000 after purchasing an additional 2,732 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of WideOpenWest by 44.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,343 shares of the company’s stock valued at $62,000 after purchasing an additional 4,704 shares during the period. Finally, HighPoint Advisor Group LLC bought a new position in shares of WideOpenWest in the fourth quarter valued at about $73,000. 87.77% of the stock is owned by institutional investors.

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.