WideOpenWest (NYSE:WOW) was downgraded by analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, Marketbeat Ratings reports. They currently have a $10.00 target price on the stock. Macquarie’s price target points to a potential upside of 2.77% from the company’s current price. The analysts noted that the move was a valuation call.

Several other brokerages have also recently weighed in on WOW. ValuEngine raised WideOpenWest from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Credit Suisse Group cut their target price on WideOpenWest from $11.50 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, March 8th. Finally, Zacks Investment Research upgraded WideOpenWest from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research report on Saturday, January 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. WideOpenWest presently has a consensus rating of “Hold” and an average price target of $11.75.

Shares of WOW stock opened at $9.73 on Tuesday. The stock has a market capitalization of $774.54 million, a PE ratio of 8.46 and a beta of 1.85. WideOpenWest has a 1-year low of $6.03 and a 1-year high of $12.91.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The company had revenue of $285.40 million during the quarter, compared to analyst estimates of $292.53 million. WideOpenWest had a negative net margin of 11.33% and a negative return on equity of 24.96%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. Sell-side analysts expect that WideOpenWest will post 0.91 EPS for the current year.

In other WideOpenWest news, Director Crestview Partners Iii Gp, L.P bought 193,108 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $8.19 per share, for a total transaction of $1,581,554.52. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Teresa L. Elder bought 6,265 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of $7.97 per share, for a total transaction of $49,932.05. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,597,936 shares of company stock worth $14,827,282. 3.00% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in WOW. Private Management Group Inc. boosted its position in shares of WideOpenWest by 19.3% during the 4th quarter. Private Management Group Inc. now owns 3,007,109 shares of the company’s stock valued at $21,441,000 after purchasing an additional 486,203 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in WideOpenWest by 7,767.6% in the third quarter. JPMorgan Chase & Co. now owns 488,343 shares of the company’s stock worth $5,474,000 after acquiring an additional 482,136 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in WideOpenWest in the fourth quarter worth approximately $1,996,000. Deutsche Bank AG boosted its holdings in WideOpenWest by 323.0% in the fourth quarter. Deutsche Bank AG now owns 298,190 shares of the company’s stock worth $2,124,000 after acquiring an additional 227,693 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in WideOpenWest in the third quarter worth approximately $2,263,000. 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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