SummerHaven Investment Management LLC Has $756,000 Stake in WideOpenWest, Inc. (NYSE:WOW)

SummerHaven Investment Management LLC raised its position in WideOpenWest, Inc. (NYSE:WOW) by 2.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 152,640 shares of the company’s stock after buying an additional 3,368 shares during the quarter. SummerHaven Investment Management LLC’s holdings in WideOpenWest were worth $756,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ProShare Advisors LLC acquired a new stake in shares of WideOpenWest during the 4th quarter worth approximately $70,000. Price T Rowe Associates Inc. MD raised its position in WideOpenWest by 15.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company’s stock valued at $97,000 after purchasing an additional 2,657 shares in the last quarter. Graham Capital Management L.P. bought a new stake in WideOpenWest during the fourth quarter worth $125,000. Aquatic Capital Management LLC bought a new stake in WideOpenWest during the fourth quarter worth $143,000. Finally, Covestor Ltd boosted its holdings in shares of WideOpenWest by 16.0% in the 4th quarter. Covestor Ltd now owns 29,680 shares of the company’s stock valued at $147,000 after purchasing an additional 4,103 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

WideOpenWest Price Performance

WOW stock opened at $4.05 on Thursday. The stock has a market cap of $345.75 million, a price-to-earnings ratio of -3.61 and a beta of 1.26. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.58 and a quick ratio of 0.58. The company has a 50 day simple moving average of $4.31 and a 200 day simple moving average of $4.58. WideOpenWest, Inc. has a 1 year low of $4.02 and a 1 year high of $5.80.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $148.17 million. During the same period in the prior year, the business earned ($0.18) earnings per share. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. Research analysts anticipate that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WOW. Wall Street Zen raised WideOpenWest from a “sell” rating to a “hold” rating in a report on Saturday, June 7th. Benchmark decreased their target price on WideOpenWest from $7.50 to $6.50 and set a “buy” rating on the stock in a research report on Thursday, May 29th.

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.