Luxor Capital Group LP Acquires 368,508 Shares of WideOpenWest, Inc. (NYSE:WOW)

Luxor Capital Group LP boosted its stake in shares of WideOpenWest, Inc. (NYSE:WOW) by 583.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 431,670 shares of the company’s stock after purchasing an additional 368,508 shares during the quarter. WideOpenWest accounts for approximately 0.2% of Luxor Capital Group LP’s holdings, making the stock its 18th biggest position. Luxor Capital Group LP owned 0.51% of WideOpenWest worth $2,335,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of WideOpenWest during the second quarter valued at about $25,000. Price T Rowe Associates Inc. MD lifted its position in shares of WideOpenWest by 23.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,616 shares of the company’s stock worth $53,000 after acquiring an additional 2,732 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of WideOpenWest during the 1st quarter worth approximately $72,000. HighPoint Advisor Group LLC bought a new stake in shares of WideOpenWest during the fourth quarter valued at approximately $73,000. Finally, Quadrature Capital Ltd bought a new stake in shares of WideOpenWest during the first quarter valued at approximately $79,000. 87.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WOW has been the subject of several research reports. Benchmark reduced their target price on WideOpenWest from $8.00 to $7.50 and set a “buy” rating for the company in a research report on Monday, August 26th. Raymond James reissued an “underperform” rating on shares of WideOpenWest in a research note on Tuesday, July 2nd.

Insiders Place Their Bets

In other news, insider Don Schena sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $5.29, for a total transaction of $52,900.00. Following the sale, the insider now directly owns 276,413 shares of the company’s stock, valued at $1,462,224.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $5.29, for a total transaction of $105,800.00. Following the transaction, the chief executive officer now directly owns 1,575,787 shares in the company, valued at approximately $8,335,913.23. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Don Schena sold 10,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $5.29, for a total transaction of $52,900.00. Following the sale, the insider now owns 276,413 shares of the company’s stock, valued at approximately $1,462,224.77. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,000 shares of company stock valued at $263,300. 4.00% of the stock is currently owned by corporate insiders.

WideOpenWest Stock Performance

WideOpenWest stock opened at $5.26 on Friday. The firm has a market capitalization of $445.47 million, a P/E ratio of -1.61 and a beta of 1.49. The stock has a fifty day moving average price of $5.36 and a two-hundred day moving average price of $4.72. WideOpenWest, Inc. has a 52-week low of $2.31 and a 52-week high of $7.99. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.62 and a quick ratio of 0.62.

WideOpenWest (NYSE:WOW) last announced its earnings results on Thursday, August 8th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. The business had revenue of $158.80 million during the quarter, compared to analysts’ expectations of $159.14 million. WideOpenWest had a negative net margin of 26.25% and a negative return on equity of 12.57%. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.01) EPS. As a group, analysts anticipate that WideOpenWest, Inc. will post -0.61 EPS 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.