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 stock in a transaction on Monday, July 1st. The stock was sold at an average price of $5.23, for a total transaction of $104,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,595,787 shares of the company’s stock, valued at $8,345,966.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

WideOpenWest Stock Down 1.2 %

WOW opened at $5.15 on Thursday. The company has a fifty day moving average of $4.80 and a 200 day moving average of $4.03. WideOpenWest, Inc. has a fifty-two week low of $2.31 and a fifty-two week 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.

WideOpenWest (NYSE:WOW) last posted its 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 for the quarter, compared to analysts’ expectations of $161.40 million. WideOpenWest had a negative net margin of 39.16% and a negative return on equity of 7.43%. The business’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.46) earnings per share. As a group, sell-side analysts forecast that WideOpenWest, Inc. will post -0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WideOpenWest

Institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of WideOpenWest by 10.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 806,602 shares of the company’s stock worth $6,171,000 after buying an additional 73,849 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of WideOpenWest by 562.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 31,477 shares of the company’s stock worth $241,000 after buying an additional 26,723 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of WideOpenWest by 150.6% in the 3rd quarter. Hsbc Holdings PLC now owns 38,646 shares of the company’s stock worth $298,000 after buying an additional 23,227 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of WideOpenWest in the 3rd quarter worth $135,000. Finally, Trexquant Investment LP purchased a new position in shares of WideOpenWest in the 3rd quarter worth $558,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WOW shares. Raymond James reissued an “underperform” rating on shares of WideOpenWest in a research note on Tuesday. Benchmark reissued a “buy” rating and issued a $8.00 price objective on shares of WideOpenWest in a research note on Thursday, March 14th.

WideOpenWest Company 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.