Insider Selling: WideOpenWest, Inc. (NYSE:WOW) CEO Sells 20,000 Shares of Stock

WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $5.29, for a total value of $105,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,575,787 shares of the company’s stock, valued at approximately $8,335,913.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

WideOpenWest Price Performance

Shares of WideOpenWest stock opened at $5.19 on Monday. The business has a 50 day simple moving average of $5.16 and a two-hundred day simple moving average of $4.26. WideOpenWest, Inc. has a 12 month low of $2.31 and a 12 month high of $8.49. The stock has a market capitalization of $438.92 million, a P/E ratio of -1.59 and a beta of 1.53. The company has a debt-to-equity ratio of 3.89, a current ratio of 0.66 and a quick ratio of 0.66.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.03). WideOpenWest had a negative net margin of 39.16% and a negative return on equity of 7.43%. The company had revenue of $161.50 million during the quarter, compared to analyst estimates of $161.40 million. During the same period in the prior year, the business posted ($0.46) EPS. WideOpenWest’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, analysts predict that WideOpenWest, Inc. will post -0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. LB Partners LLC purchased a new position in WideOpenWest in the fourth quarter worth approximately $12,053,000. Private Management Group Inc. boosted its position in shares of WideOpenWest by 126.9% during the fourth quarter. Private Management Group Inc. now owns 997,008 shares of the company’s stock worth $4,038,000 after buying an additional 557,653 shares during the period. Readystate Asset Management LP purchased a new position in shares of WideOpenWest during the fourth quarter worth $1,718,000. Gabelli Funds LLC boosted its position in shares of WideOpenWest by 29.0% during the fourth quarter. Gabelli Funds LLC now owns 821,931 shares of the company’s stock worth $3,329,000 after buying an additional 184,900 shares during the period. Finally, Bares Capital Management Inc. boosted its position in shares of WideOpenWest by 14.5% during the fourth quarter. Bares Capital Management Inc. now owns 2,630,434 shares of the company’s stock worth $10,653,000 after buying an additional 332,224 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Raymond James reaffirmed an “underperform” rating on shares of WideOpenWest in a report on Tuesday, July 2nd.

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.