CenterBook Partners LP Sells 606,942 Shares of WideOpenWest, Inc. (NYSE:WOW)

CenterBook Partners LP lowered its position in WideOpenWest, Inc. (NYSE:WOW) by 47.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 661,091 shares of the company’s stock after selling 606,942 shares during the period. CenterBook Partners LP owned 0.78% of WideOpenWest worth $3,279,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WOW. LB Partners LLC lifted its position in shares of WideOpenWest by 6.3% during the 4th quarter. LB Partners LLC now owns 7,069,844 shares of the company’s stock valued at $35,066,000 after acquiring an additional 421,041 shares during the period. XTX Topco Ltd acquired a new position in WideOpenWest during the third quarter worth $594,000. Barclays PLC raised its holdings in WideOpenWest by 263.2% during the third quarter. Barclays PLC now owns 111,766 shares of the company’s stock worth $587,000 after buying an additional 80,994 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in WideOpenWest by 271.6% during the third quarter. JPMorgan Chase & Co. now owns 501,154 shares of the company’s stock worth $2,631,000 after buying an additional 366,284 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in WideOpenWest by 1.6% during the third quarter. Geode Capital Management LLC now owns 1,113,504 shares of the company’s stock worth $5,847,000 after buying an additional 17,185 shares during the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

WideOpenWest Stock Performance

WOW opened at $4.57 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 4.41. The company’s fifty day moving average price is $4.65 and its two-hundred day moving average price is $4.86. WideOpenWest, Inc. has a 1-year low of $3.33 and a 1-year high of $5.80. The company has a market cap of $386.99 million, a price-to-earnings ratio of -4.08 and a beta of 1.37.

WideOpenWest (NYSE:WOW) last posted its earnings results on Friday, March 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.03. The firm had revenue of $152.60 million during the quarter, compared to analyst estimates of $154.05 million. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. On average, analysts expect that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

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.