WideOpenWest Inc (NYSE:WOW) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,510,000 shares, a decrease of 5.0% from the October 31st total of 1,590,000 shares. Based on an average daily volume of 484,900 shares, the days-to-cover ratio is presently 3.1 days. Currently, 3.0% of the shares of the stock are short sold.

WOW opened at $5.94 on Tuesday. The firm’s fifty day moving average is $6.24 and its two-hundred day moving average is $6.64. The firm has a market cap of $516.64 million, a PE ratio of 5.17 and a beta of 1.53. WideOpenWest has a twelve month low of $4.98 and a twelve month high of $9.87.

WideOpenWest (NYSE:WOW) last posted its earnings results on Friday, November 1st. The company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company had revenue of $285.40 million for the quarter, compared to analyst estimates of $288.71 million. WideOpenWest had a net margin of 3.91% and a negative return on equity of 21.20%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. Research analysts forecast that WideOpenWest will post 0.56 earnings per share for the current fiscal year.

In related news, Director Crestview Partners Iii Gp, L.P purchased 18,120 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were acquired at an average cost of $5.99 per share, with a total value of $108,538.80. Insiders have bought 697,117 shares of company stock worth $4,031,884 over the last three months. 3.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zebra Capital Management LLC raised its holdings in WideOpenWest by 40.0% in the second quarter. Zebra Capital Management LLC now owns 53,824 shares of the company’s stock worth $391,000 after purchasing an additional 15,387 shares during the period. Balter Liquid Alternatives LLC raised its holdings in WideOpenWest by 36.5% in the second quarter. Balter Liquid Alternatives LLC now owns 36,915 shares of the company’s stock worth $268,000 after purchasing an additional 9,866 shares during the period. Crestview Partners III GP L.P. raised its holdings in WideOpenWest by 1.9% in the second quarter. Crestview Partners III GP L.P. now owns 30,410,958 shares of the company’s stock worth $220,784,000 after purchasing an additional 565,532 shares during the period. Invesco Ltd. raised its holdings in WideOpenWest by 9.6% in the second quarter. Invesco Ltd. now owns 277,979 shares of the company’s stock worth $2,018,000 after purchasing an additional 24,455 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in WideOpenWest by 6.5% in the third quarter. Gamco Investors INC. ET AL now owns 441,476 shares of the company’s stock worth $2,719,000 after purchasing an additional 27,089 shares during the period. Institutional investors own 78.03% of the company’s stock.

A number of brokerages have issued reports on WOW. Raymond James cut shares of WideOpenWest from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $11.00 to $8.00 in a research note on Monday, November 4th. Zacks Investment Research cut shares of WideOpenWest from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th. ValuEngine raised shares of WideOpenWest from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, SunTrust Banks cut shares of WideOpenWest from a “buy” rating to a “hold” rating and reduced their price objective for the company from $17.00 to $7.50 in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. WideOpenWest currently has an average rating of “Hold” and a consensus target price of $8.88.

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. 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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