Paloma Partners Management Co acquired a new stake in shares of WideOpenWest Inc (NYSE:WOW) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,300 shares of the company’s stock, valued at approximately $95,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC purchased a new stake in WideOpenWest in the 4th quarter valued at about $80,000. Meeder Asset Management Inc. lifted its holdings in shares of WideOpenWest by 1,205.2% in the fourth quarter. Meeder Asset Management Inc. now owns 11,133 shares of the company’s stock valued at $79,000 after purchasing an additional 10,280 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of WideOpenWest in the third quarter valued at about $127,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of WideOpenWest in the fourth quarter valued at about $143,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of WideOpenWest in the fourth quarter valued at about $148,000. Institutional investors and hedge funds own 60.83% of the company’s stock.
A number of research firms recently issued reports on WOW. ValuEngine raised WideOpenWest from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Zacks Investment Research downgraded WideOpenWest from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Finally, Credit Suisse Group lowered 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.10.
WideOpenWest (NYSE:WOW) last released its earnings results on Thursday, March 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). WideOpenWest had a negative net margin of 11.33% and a negative return on equity of 24.96%. The company had revenue of $285.40 million during the quarter, compared to analyst estimates of $292.53 million. During the same period in the prior year, the firm posted $0.32 EPS. WideOpenWest’s revenue was down 2.5% compared to the same quarter last year. Research analysts expect that WideOpenWest Inc will post 0.91 EPS for the current year.
In related news, 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 bought at an average price of $8.19 per share, with a total value of $1,581,554.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Teresa L. Elder acquired 6,265 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were bought at an average cost of $7.97 per share, for a total transaction of $49,932.05. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,175,479 shares of company stock valued at $10,818,561. Company insiders own 2.40% of the company’s stock.
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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