Cooper Creek Partners Management LLC trimmed its holdings in shares of WideOpenWest Inc (NYSE:WOW) by 28.5% in the first quarter, HoldingsChannel reports. The firm owned 272,414 shares of the company’s stock after selling 108,706 shares during the period. Cooper Creek Partners Management LLC’s holdings in WideOpenWest were worth $2,479,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in WOW. Crestview Partners III GP L.P. increased its holdings in WideOpenWest by 3.7% during the 1st quarter. Crestview Partners III GP L.P. now owns 29,845,426 shares of the company’s stock valued at $271,593,000 after purchasing an additional 1,077,250 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of WideOpenWest by 161.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,226,535 shares of the company’s stock valued at $11,161,000 after buying an additional 757,097 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in shares of WideOpenWest in the 4th quarter valued at $1,996,000. Deutsche Bank AG increased its stake in shares of WideOpenWest by 323.0% in the 4th quarter. Deutsche Bank AG now owns 298,190 shares of the company’s stock valued at $2,124,000 after buying an additional 227,693 shares during the period. Finally, BlackRock Inc. increased its stake in shares of WideOpenWest by 11.0% in the 4th quarter. BlackRock Inc. now owns 1,939,278 shares of the company’s stock valued at $13,826,000 after buying an additional 191,585 shares during the period. 59.24% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE WOW traded up $0.04 during midday trading on Friday, hitting $7.16. The stock had a trading volume of 179,222 shares, compared to its average volume of 197,479. The stock has a market capitalization of $604.33 million, a P/E ratio of 6.28 and a beta of 1.53. WideOpenWest Inc has a fifty-two week low of $6.40 and a fifty-two week high of $12.91.
WideOpenWest (NYSE:WOW) last released its earnings results on Tuesday, May 7th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.09). The firm had revenue of $287.20 million during the quarter, compared to analyst estimates of $287.92 million. WideOpenWest had a net margin of 6.94% and a negative return on equity of 26.71%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $0.19 earnings per share. As a group, equities research analysts forecast that WideOpenWest Inc will post 0.8 earnings per share for the current year.
In related news, Director Crestview Partners Iii Gp, L.P acquired 92,398 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was acquired at an average cost of $9.45 per share, with a total value of $873,161.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have purchased 1,398,563 shares of company stock valued at $13,195,796. 3.00% of the stock is owned by insiders.
Several equities research analysts have recently commented on WOW shares. Zacks Investment Research cut WideOpenWest from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Credit Suisse Group lowered their target price on WideOpenWest from $11.50 to $9.50 and set a “neutral” rating for the company in a research note on Friday, March 8th. Macquarie cut WideOpenWest from an “outperform” rating to a “neutral” rating and set a $10.00 target price for the company. in a research note on Tuesday, April 9th. They noted that the move was a valuation call. Finally, ValuEngine raised WideOpenWest from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. WideOpenWest currently has a consensus rating of “Hold” and an average price target of $11.79.
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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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