WideOpenWest (NYSE:WOW) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of WideOpenWest (NYSE:WOW) from a hold rating to a sell rating in a report released on Sunday.

Separately, Benchmark reduced their target price on shares of WideOpenWest from $7.50 to $6.50 and set a “buy” rating for the company in a report on Thursday, May 29th.

WideOpenWest Price Performance

Shares of WOW opened at $3.93 on Friday. WideOpenWest has a twelve month low of $3.87 and a twelve month high of $5.80. The firm’s fifty day simple moving average is $4.28 and its 200-day simple moving average is $4.54. The firm has a market capitalization of $336.11 million, a price-to-earnings ratio of -5.62 and a beta of 1.26. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 5.17.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The business had revenue of $150.00 million for the quarter, compared to analyst estimates of $148.17 million. WideOpenWest had a negative net margin of 9.32% and a negative return on equity of 26.90%. The company’s revenue was down 7.1% on a year-over-year basis. During the same period last year, the business earned ($0.18) EPS. Equities analysts forecast that WideOpenWest will post -0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On WideOpenWest

Several institutional investors and hedge funds have recently added to or reduced their stakes in WOW. Horst & Graben Wealth Management LLC purchased a new stake in shares of WideOpenWest during the 1st quarter worth approximately $51,000. ProShare Advisors LLC acquired a new stake in shares of WideOpenWest during the 4th quarter worth $70,000. Price T Rowe Associates Inc. MD increased its holdings in WideOpenWest by 15.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company’s stock valued at $97,000 after purchasing an additional 2,657 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in WideOpenWest by 26.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company’s stock valued at $119,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in shares of WideOpenWest during the fourth quarter valued at about $125,000. Institutional investors and hedge funds 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.