R Squared Ltd Decreases Stock Holdings in WideOpenWest, Inc. $WOW

R Squared Ltd trimmed its holdings in shares of WideOpenWest, Inc. (NYSE:WOW) by 41.6% in the second quarter, HoldingsChannel.com reports. The fund owned 15,873 shares of the company’s stock after selling 11,287 shares during the period. R Squared Ltd’s holdings in WideOpenWest were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of WOW. FNY Investment Advisers LLC boosted its holdings in shares of WideOpenWest by 60.0% in the second quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company’s stock worth $32,000 after acquiring an additional 3,000 shares during the period. SummerHaven Investment Management LLC lifted its stake in WideOpenWest by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 155,998 shares of the company’s stock worth $633,000 after purchasing an additional 3,358 shares during the last quarter. Paragon Capital Management Ltd lifted its stake in WideOpenWest by 6.0% during the second quarter. Paragon Capital Management Ltd now owns 1,305,912 shares of the company’s stock worth $5,302,000 after purchasing an additional 73,901 shares during the last quarter. Strs Ohio purchased a new position in shares of WideOpenWest in the first quarter worth about $233,000. Finally, Empowered Funds LLC increased its holdings in shares of WideOpenWest by 119.8% in the first quarter. Empowered Funds LLC now owns 96,638 shares of the company’s stock worth $478,000 after buying an additional 52,669 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

WideOpenWest Trading Up 0.1%

Shares of WOW stock opened at $5.15 on Monday. WideOpenWest, Inc. has a 52-week low of $3.06 and a 52-week high of $5.78. The company has a debt-to-equity ratio of 5.71, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market capitalization of $441.29 million, a PE ratio of -6.51 and a beta of 1.26. The stock has a fifty day simple moving average of $5.13 and a two-hundred day simple moving average of $4.47.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The firm had revenue of $144.20 million for the quarter, compared to analysts’ expectations of $143.62 million. WideOpenWest had a negative net margin of 10.70% and a negative return on equity of 32.26%. On average, analysts predict that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group restated a “neutral” rating and set a $5.20 price target (up previously from $4.80) on shares of WideOpenWest in a report on Tuesday, August 12th. Wall Street Zen cut WideOpenWest from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Benchmark cut WideOpenWest from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of WideOpenWest in a research note on Tuesday, October 14th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $5.85.

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.