Charles Schwab Investment Management Inc. Trims Stock Holdings in WideOpenWest, Inc. (NYSE:WOW)

Charles Schwab Investment Management Inc. lessened its position in shares of WideOpenWest, Inc. (NYSE:WOW) by 27.5% during the 4th quarter, Holdings Channel reports. The firm owned 611,641 shares of the company’s stock after selling 231,663 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in WideOpenWest were worth $3,034,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Intech Investment Management LLC purchased a new position in shares of WideOpenWest during the third quarter worth $69,000. R Squared Ltd purchased a new position in shares of WideOpenWest during the 4th quarter valued at about $98,000. SG Americas Securities LLC lifted its holdings in shares of WideOpenWest by 17.5% in the 4th quarter. SG Americas Securities LLC now owns 35,205 shares of the company’s stock valued at $175,000 after buying an additional 5,236 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of WideOpenWest in the third quarter worth about $191,000. Finally, Paloma Partners Management Co acquired a new stake in WideOpenWest during the third quarter worth about $292,000. 87.77% of the stock is owned by institutional investors and hedge funds.

WideOpenWest Stock Down 0.3 %

Shares of WOW stock opened at $5.01 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. WideOpenWest, Inc. has a twelve month low of $3.33 and a twelve month high of $5.80. The stock has a 50 day moving average of $4.58 and a 200 day moving average of $4.91. The stock has a market cap of $423.84 million, a P/E ratio of -4.47 and a beta of 1.47.

WideOpenWest (NYSE:WOW) last posted its earnings results 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 firm had revenue of $152.60 million during the quarter, compared to analysts’ expectations 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, sell-side analysts expect that WideOpenWest, Inc. will post -0.72 EPS for the current 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.