Geode Capital Management LLC Increases Position in WideOpenWest, Inc. (NYSE:WOW)

Geode Capital Management LLC boosted its stake in shares of WideOpenWest, Inc. (NYSE:WOW) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,113,504 shares of the company’s stock after buying an additional 17,185 shares during the quarter. Geode Capital Management LLC’s holdings in WideOpenWest were worth $5,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in WOW. Gabelli Funds LLC grew its holdings in shares of WideOpenWest by 91.8% in the 2nd quarter. Gabelli Funds LLC now owns 1,516,931 shares of the company’s stock worth $8,207,000 after acquiring an additional 726,000 shares during the period. Luxor Capital Group LP boosted its position in WideOpenWest by 583.4% during the second quarter. Luxor Capital Group LP now owns 431,670 shares of the company’s stock worth $2,335,000 after purchasing an additional 368,508 shares in the last quarter. DRW Securities LLC acquired a new stake in WideOpenWest in the third quarter valued at $1,190,000. Walleye Capital LLC purchased a new position in shares of WideOpenWest in the third quarter valued at $1,162,000. Finally, XTX Topco Ltd acquired a new position in shares of WideOpenWest during the 3rd quarter worth $594,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $5.12, for a total transaction of $102,400.00. Following the sale, the chief executive officer now directly owns 1,535,787 shares of the company’s stock, valued at $7,863,229.44. This trade represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.00% of the stock is currently owned by company insiders.

WideOpenWest Price Performance

Shares of NYSE WOW opened at $4.80 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 4.41. The company’s 50-day moving average price is $5.11 and its 200 day moving average price is $5.21. WideOpenWest, Inc. has a 52 week low of $2.31 and a 52 week high of $5.80. The stock has a market cap of $406.92 million, a price-to-earnings ratio of -4.29 and a beta of 1.48.

WideOpenWest (NYSE:WOW) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.17). WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The business had revenue of $158.00 million during the quarter, compared to analyst estimates of $157.46 million. During the same quarter in the prior year, the company earned ($1.29) earnings per share. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, research analysts forecast that WideOpenWest, Inc. will post -0.72 earnings per share for the current fiscal year.

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.