Shares of WideOpenWest Inc (NYSE:WOW) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.30.

WOW has been the subject of a number of analyst reports. Zacks Investment Research upgraded WideOpenWest from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research note on Saturday, January 12th. ValuEngine upgraded WideOpenWest from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Macquarie lowered WideOpenWest from an “outperform” rating to a “neutral” rating and set a $10.00 price target for the company. in a research note on Tuesday, April 9th. They noted that the move was a valuation call. Finally, Credit Suisse Group cut their price target on WideOpenWest from $11.50 to $9.50 and set a “neutral” rating for the company in a research note on Friday, March 8th.

Shares of WideOpenWest stock opened at $9.25 on Friday. WideOpenWest has a one year low of $6.03 and a one year high of $12.91. The firm has a market capitalization of $764.61 million, a P/E ratio of 8.04 and a beta of 1.85.

WideOpenWest (NYSE:WOW) last announced its earnings results on Thursday, March 7th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02). WideOpenWest had a negative return on equity of 24.96% and a negative net margin of 11.33%. The company had revenue of $285.40 million during the quarter, compared to the consensus estimate of $292.53 million. During the same period in the prior year, the business posted $0.32 earnings per share. WideOpenWest’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, analysts anticipate that WideOpenWest will post 0.91 earnings per share for the current year.

In other news, CEO Teresa L. Elder acquired 6,265 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was purchased at an average price of $7.97 per share, for a total transaction of $49,932.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Crestview Partners Iii Gp, L.P acquired 193,108 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $8.19 per share, with a total value of $1,581,554.52. The disclosure for this purchase can be found here. Insiders acquired a total of 1,597,936 shares of company stock valued at $14,827,282 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. purchased a new position in shares of WideOpenWest during the fourth quarter valued at about $25,000. Venturi Wealth Management LLC purchased a new position in shares of WideOpenWest during the fourth quarter valued at about $80,000. Metropolitan Life Insurance Co. NY grew its position in WideOpenWest by 356.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,865 shares of the company’s stock worth $77,000 after acquiring an additional 8,486 shares in the last quarter. Meeder Asset Management Inc. grew its position in WideOpenWest by 1,205.2% in the fourth quarter. Meeder Asset Management Inc. now owns 11,133 shares of the company’s stock worth $79,000 after acquiring an additional 10,280 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in WideOpenWest in the third quarter worth about $127,000. Hedge funds and other institutional investors own 60.83% of the company’s stock.

About WideOpenWest

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; and ultra-video products, as well as offers commercial-free movies, sports, and other special event entertainment programs.

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Analyst Recommendations for WideOpenWest (NYSE:WOW)

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