WideOpenWest (NYSE:WOW) Stock Rating Lowered by Raymond James

WideOpenWest (NYSE:WOW) was downgraded by stock analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, MarketBeat reports.

Separately, Benchmark reissued a “buy” rating and issued a $8.00 target price on shares of WideOpenWest in a research note on Thursday, March 14th.

WideOpenWest Price Performance

Shares of NYSE:WOW opened at $4.64 on Wednesday. The business has a 50 day moving average price of $3.59 and a 200 day moving average price of $4.02. WideOpenWest has a twelve month low of $2.31 and a twelve month high of $9.06. The company has a market cap of $386.56 million, a price-to-earnings ratio of -1.31 and a beta of 1.39. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 3.55.

WideOpenWest (NYSE:WOW) last announced its earnings results on Wednesday, March 13th. The company reported ($0.08) earnings per share for the quarter. WideOpenWest had a negative net margin of 41.90% and a negative return on equity of 12.32%. The business had revenue of $168.80 million for the quarter, compared to the consensus estimate of $171.13 million. Research analysts predict that WideOpenWest will post -0.6 earnings per share for the current year.

Insider Activity

In other news, insider Don Schena sold 10,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $5.00, for a total value of $50,000.00. Following the sale, the insider now directly owns 286,413 shares in the company, valued at $1,432,065. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Don Schena sold 10,000 shares of WideOpenWest stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $5.00, for a total value of $50,000.00. Following the sale, the insider now owns 286,413 shares of the company’s stock, valued at $1,432,065. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Teresa L. Elder sold 19,111 shares of WideOpenWest stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $5.00, for a total value of $95,555.00. Following the completion of the sale, the chief executive officer now directly owns 1,636,676 shares in the company, valued at approximately $8,183,380. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock worth $150,009 over the last three months. Corporate insiders own 4.00% of the company’s stock.

Institutional Trading of WideOpenWest

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates increased its position in WideOpenWest by 8.8% during the third quarter. Raymond James & Associates now owns 42,038 shares of the company’s stock worth $322,000 after buying an additional 3,397 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of WideOpenWest by 44.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,343 shares of the company’s stock valued at $62,000 after purchasing an additional 4,704 shares during the last quarter. Bfsg LLC acquired a new position in shares of WideOpenWest in the fourth quarter valued at approximately $39,000. SG Americas Securities LLC grew its position in shares of WideOpenWest by 42.0% in the fourth quarter. SG Americas Securities LLC now owns 33,839 shares of the company’s stock valued at $137,000 after purchasing an additional 10,014 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of WideOpenWest by 655.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,669 shares of the company’s stock valued at $51,000 after purchasing an additional 10,991 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

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. The company's video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and commercial-free movies, TV shows, sports, and other special event entertainment programs.