Rangeley Capital LLC Buys Shares of 750,340 WideOpenWest, Inc. (NYSE:WOW)

Rangeley Capital LLC bought a new stake in WideOpenWest, Inc. (NYSE:WOW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 750,340 shares of the company’s stock, valued at approximately $3,722,000. WideOpenWest accounts for approximately 3.4% of Rangeley Capital LLC’s investment portfolio, making the stock its 8th largest position. Rangeley Capital LLC owned about 0.89% of WideOpenWest as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of WideOpenWest by 1.3% during the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of WideOpenWest during the 4th quarter worth about $452,000. JPMorgan Chase & Co. lifted its holdings in shares of WideOpenWest by 40.9% during the 4th quarter. JPMorgan Chase & Co. now owns 706,080 shares of the company’s stock valued at $3,502,000 after buying an additional 204,926 shares during the last quarter. Anthracite Investment Company Inc. bought a new stake in shares of WideOpenWest in the 4th quarter valued at approximately $357,000. Finally, Vanguard Group Inc. increased 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 buying an additional 60,912 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

WideOpenWest Price Performance

Shares of WOW opened at $5.03 on Thursday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $425.95 million, a PE ratio of -4.49 and a beta of 1.37. The firm’s 50 day moving average price is $4.63 and its 200 day moving average price is $4.90. WideOpenWest, Inc. has a twelve month low of $3.33 and a twelve month high of $5.80.

WideOpenWest (NYSE:WOW) last released its quarterly earnings data on Friday, March 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. The business had revenue of $152.60 million during the quarter, compared to analyst estimates of $154.05 million. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. As a group, research analysts expect that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

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.