WideOpenWest, Inc. (NYSE:WOW) Shares Sold by Centiva Capital LP

Centiva Capital LP cut its holdings in WideOpenWest, Inc. (NYSE:WOW) by 22.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,500 shares of the company’s stock after selling 5,900 shares during the quarter. Centiva Capital LP’s holdings in WideOpenWest were worth $108,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Paloma Partners Management Co purchased a new stake in WideOpenWest in the 3rd quarter valued at approximately $292,000. Walleye Capital LLC purchased a new stake in shares of WideOpenWest in the third quarter valued at $1,162,000. Corsair Capital Management L.P. acquired a new stake in shares of WideOpenWest during the third quarter valued at $63,000. BNP Paribas Financial Markets boosted its stake in shares of WideOpenWest by 378.3% during the third quarter. BNP Paribas Financial Markets now owns 72,900 shares of the company’s stock valued at $383,000 after acquiring an additional 57,658 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in WideOpenWest during the 3rd quarter worth about $1,190,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Teresa L. Elder sold 20,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $5.12, for a total transaction of $102,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,535,787 shares in the company, valued at $7,863,229.44. This represents a 1.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.00% of the stock is currently owned by insiders.

WideOpenWest Stock Down 1.4 %

WOW stock opened at $4.96 on Friday. WideOpenWest, Inc. has a one year low of $2.31 and a one year high of $5.80. The stock has a market capitalization of $420.51 million, a P/E ratio of -4.43 and a beta of 1.50. The company has a 50 day moving average price of $5.18 and a two-hundred day moving average price of $5.24. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.58 and a current ratio of 0.58.

WideOpenWest (NYSE:WOW) last released its 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 previous year, the company posted ($1.29) earnings per share. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. As a group, sell-side analysts expect that WideOpenWest, Inc. will post -0.72 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Benchmark decreased their price target on shares of WideOpenWest from $8.00 to $7.50 and set a “buy” rating on the stock in a research note 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.