WideOpenWest Inc (WOW) Shares Bought by Rhumbline Advisers
Rhumbline Advisers raised its position in shares of WideOpenWest Inc (NYSE:WOW) by 31.5% in the second quarter, Holdings Channel reports. The fund owned 30,147 shares of the company’s stock after acquiring an additional 7,230 shares during the quarter. Rhumbline Advisers’ holdings in WideOpenWest were worth $291,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in WOW. California Public Employees Retirement System acquired a new stake in shares of WideOpenWest in the first quarter valued at approximately $105,000. UBS Group AG increased its stake in WideOpenWest by 334.8% during the first quarter. UBS Group AG now owns 19,543 shares of the company’s stock worth $140,000 after acquiring an additional 15,048 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in WideOpenWest during the second quarter worth $264,000. Barclays PLC increased its stake in WideOpenWest by 23.1% during the first quarter. Barclays PLC now owns 38,243 shares of the company’s stock worth $273,000 after acquiring an additional 7,182 shares during the last quarter. Finally, Partners Group Holding AG acquired a new stake in WideOpenWest during the first quarter worth $279,000. 61.77% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on WOW shares. B. Riley set a $14.00 price target on WideOpenWest and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Raymond James restated a “buy” rating and set a $14.00 price target on shares of WideOpenWest in a research report on Monday, August 20th. Zacks Investment Research upgraded WideOpenWest from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Wednesday, August 15th. Finally, Credit Suisse Group raised their price target on WideOpenWest from $10.50 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $14.93.
NYSE:WOW opened at $11.47 on Monday. The firm has a market capitalization of $948.06 million, a P/E ratio of 16.62 and a beta of 2.02. WideOpenWest Inc has a 12-month low of $6.03 and a 12-month high of $15.55. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of -5.29.
WideOpenWest (NYSE:WOW) last released its earnings results on Thursday, August 9th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.12. The firm had revenue of $291.30 million during the quarter, compared to analyst estimates of $290.44 million. WideOpenWest had a negative return on equity of 5.46% and a negative net margin of 8.17%. WideOpenWest’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. equities research analysts predict that WideOpenWest Inc will post 0.79 earnings per share for the current year.
WideOpenWest, Inc operates as a cable operator in the United States. It provides high-speed data, cable television, voice over IP-based telephony, and business-class services to residential and business services customers. 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 provides commercial-free movies, sports, and other special event entertainment programs.
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