Empowered Funds LLC Purchases 2,144 Shares of WideOpenWest, Inc. (NYSE:WOW)

Empowered Funds LLC boosted its position in shares of WideOpenWest, Inc. (NYSE:WOW) by 5.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 42,168 shares of the company’s stock after buying an additional 2,144 shares during the period. Empowered Funds LLC’s holdings in WideOpenWest were worth $221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LB Partners LLC increased its holdings in shares of WideOpenWest by 0.9% during the third quarter. LB Partners LLC now owns 6,648,803 shares of the company’s stock worth $34,906,000 after buying an additional 61,677 shares in the last quarter. Gabelli Funds LLC boosted 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 in the last quarter. Luxor Capital Group LP grew its position in WideOpenWest by 583.4% during the 2nd quarter. Luxor Capital Group LP now owns 431,670 shares of the company’s stock worth $2,335,000 after acquiring an additional 368,508 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in WideOpenWest by 5.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 172,598 shares of the company’s stock valued at $934,000 after purchasing an additional 8,204 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in WideOpenWest in the 2nd quarter valued at $546,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at WideOpenWest

In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the company’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 transaction, the chief executive officer now directly owns 1,535,787 shares in the company, valued at approximately $7,863,229.44. This represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.00% of the company’s stock.

WideOpenWest Trading Down 2.6 %

WOW opened at $5.21 on Wednesday. WideOpenWest, Inc. has a 1-year low of $2.31 and a 1-year high of $5.80. The stock has a market capitalization of $441.70 million, a PE ratio of -4.71 and a beta of 1.49. 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 firm has a 50-day moving average price of $5.21 and a two-hundred day moving average price of $5.21.

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 company had revenue of $158.00 million for the quarter, compared to the consensus estimate of $157.46 million. During the same period last year, the company earned ($1.29) earnings per share. WideOpenWest’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that WideOpenWest, Inc. will post -0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Benchmark decreased their target price on WideOpenWest from $8.00 to $7.50 and set a “buy” rating on the stock in a report on Monday, August 26th.

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.