Shares of WideOpenWest Inc (NYSE:WOW) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $8.80.
Several research firms have commented on WOW. ValuEngine raised shares of WideOpenWest from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Raymond James downgraded shares of WideOpenWest from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $11.00 to $8.00 in a research note on Monday, November 4th. Finally, Zacks Investment Research restated a “sell” rating on shares of WideOpenWest in a report on Saturday, January 11th.
WOW stock traded up $0.07 during midday trading on Friday, reaching $6.67. 296,306 shares of the company traded hands, compared to its average volume of 294,934. The firm has a market capitalization of $556.25 million, a price-to-earnings ratio of 11.91 and a beta of 1.62. WideOpenWest has a 52-week low of $4.98 and a 52-week high of $9.87. The business has a 50 day moving average of $6.81 and a 200-day moving average of $6.45.
WideOpenWest (NYSE:WOW) last released its earnings results on Friday, November 1st. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. WideOpenWest had a negative return on equity of 21.20% and a net margin of 3.91%. The firm had revenue of $285.40 million for the quarter, compared to the consensus estimate of $288.71 million. During the same quarter in the previous year, the company posted $0.40 EPS. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, equities research analysts forecast that WideOpenWest will post 0.56 EPS for the current year.
In other WideOpenWest news, CEO Teresa L. Elder bought 12,672 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $5.92 per share, with a total value of $75,018.24. Following the completion of the purchase, the chief executive officer now owns 1,054,188 shares in the company, valued at approximately $6,240,792.96. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in shares of WideOpenWest during the third quarter worth approximately $39,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in WideOpenWest by 999.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,655 shares of the company’s stock worth $57,000 after purchasing an additional 6,959 shares in the last quarter. Carroll Financial Associates Inc. purchased a new position in WideOpenWest during the 4th quarter worth $74,000. Jane Street Group LLC increased its holdings in WideOpenWest by 17.8% during the 2nd quarter. Jane Street Group LLC now owns 13,724 shares of the company’s stock worth $100,000 after purchasing an additional 2,076 shares during the period. Finally, BKD Wealth Advisors LLC bought a new stake in WideOpenWest during the 4th quarter valued at $102,000. 78.63% of the stock is owned by hedge funds and other institutional investors.
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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