27,948 Shares in WideOpenWest, Inc. (NYSE:WOW) Purchased by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in WideOpenWest, Inc. (NYSE:WOW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,948 shares of the company’s stock, valued at approximately $549,000.

Other institutional investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its holdings in WideOpenWest by 89.5% in the second quarter. Great West Life Assurance Co. Can now owns 3,320 shares of the company’s stock worth $69,000 after purchasing an additional 1,568 shares in the last quarter. Mirova increased its holdings in shares of WideOpenWest by 18.9% during the second quarter. Mirova now owns 4,020 shares of the company’s stock valued at $83,000 after acquiring an additional 639 shares in the last quarter. Macquarie Group Ltd. increased its holdings in shares of WideOpenWest by 71.8% during the second quarter. Macquarie Group Ltd. now owns 4,511 shares of the company’s stock valued at $93,000 after acquiring an additional 1,885 shares in the last quarter. Pinz Capital Management LP acquired a new position in shares of WideOpenWest during the second quarter valued at about $126,000. Finally, Legal & General Group Plc increased its holdings in shares of WideOpenWest by 12.2% during the second quarter. Legal & General Group Plc now owns 8,323 shares of the company’s stock valued at $171,000 after acquiring an additional 904 shares in the last quarter. Institutional investors and hedge funds own 83.62% of the company’s stock.

In other news, CEO Teresa L. Elder sold 15,000 shares of the stock in a transaction on Monday, January 3rd. The stock was sold at an average price of $21.28, for a total value of $319,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Donald Craig Martin sold 20,000 shares of the business’s stock in a transaction on Monday, January 3rd. The stock was sold at an average price of $21.28, for a total value of $425,600.00. The disclosure for this sale can be found here. Insiders have sold 94,100 shares of company stock valued at $1,929,820 in the last three months. Corporate insiders own 4.00% of the company’s stock.

Several research firms have recently issued reports on WOW. Credit Suisse Group upped their price objective on shares of WideOpenWest from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, December 10th. Zacks Investment Research downgraded shares of WideOpenWest from a “buy” rating to a “hold” rating in a report on Tuesday, November 9th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $24.40.

Shares of WideOpenWest stock opened at $20.10 on Friday. The firm has a 50-day simple moving average of $20.14 and a two-hundred day simple moving average of $20.46. The company has a market cap of $1.75 billion, a P/E ratio of 3.07 and a beta of 2.01. WideOpenWest, Inc. has a fifty-two week low of $10.40 and a fifty-two week high of $23.92. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.47 and a current ratio of 0.47.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings data on Monday, November 8th. The company reported $6.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $6.04. The firm had revenue of $267.70 million during the quarter, compared to analyst estimates of $254.14 million. The company’s revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. Equities research analysts forecast that WideOpenWest, Inc. will post 0.09 EPS for the current year.

WideOpenWest Profile

WideOpenWest, Inc engages in the provision of internet, cable television, and voice over IP-based services to residential and business customers. Its products include high-speed data, video, and telephony. The company was founded in 2001 and is headquartered in Englewood, CO.

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Institutional Ownership by Quarter for WideOpenWest (NYSE:WOW)

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