Insider Selling: WideOpenWest, Inc. (NYSE:WOW) Insider Sells $50,000.00 in Stock

WideOpenWest, Inc. (NYSE:WOW) insider Don Schena sold 10,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $5.00, for a total transaction of $50,000.00. Following the sale, the insider now owns 286,413 shares in the company, valued at $1,432,065. The sale was disclosed in a filing with the SEC, which is available at this link.

WideOpenWest Stock Performance

Shares of NYSE:WOW opened at $4.67 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 3.55. WideOpenWest, Inc. has a 12 month low of $2.31 and a 12 month high of $9.06. The company has a market capitalization of $389.08 million, a price-to-earnings ratio of -1.43 and a beta of 1.39. The firm’s 50-day moving average is $3.62 and its 200 day moving average is $4.03.

WideOpenWest (NYSE:WOW) last released its earnings results on Tuesday, May 7th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). WideOpenWest had a negative net margin of 41.90% and a negative return on equity of 12.32%. The business had revenue of $161.50 million for the quarter, compared to the consensus estimate of $161.40 million. During the same period in the prior year, the company posted ($0.46) EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. Research analysts predict that WideOpenWest, Inc. will post -0.6 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on WOW shares. Benchmark reiterated a “buy” rating and issued a $8.00 price target on shares of WideOpenWest in a research report on Thursday, March 14th. Raymond James cut WideOpenWest from an “outperform” rating to a “market perform” rating in a report on Wednesday.

Hedge Funds Weigh In On WideOpenWest

Hedge funds have recently bought and sold shares of the business. Bfsg LLC bought a new position in shares of WideOpenWest in the fourth quarter worth about $39,000. Tower Research Capital LLC TRC grew its stake in WideOpenWest by 655.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,669 shares of the company’s stock worth $51,000 after acquiring an additional 10,991 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of WideOpenWest by 44.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,343 shares of the company’s stock worth $62,000 after acquiring an additional 4,704 shares during the period. HighPoint Advisor Group LLC purchased a new position in shares of WideOpenWest during the fourth quarter worth approximately $73,000. Finally, RPO LLC bought a new stake in shares of WideOpenWest during the fourth quarter valued at approximately $86,000. Institutional investors own 87.77% 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. 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.