Teresa L. Elder Sells 19,111 Shares of WideOpenWest, Inc. (NYSE:WOW) Stock

WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder sold 19,111 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $5.00, for a total value of $95,555.00. Following the completion of the sale, the chief executive officer now directly owns 1,636,676 shares of the company’s stock, valued at $8,183,380. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

WideOpenWest Price Performance

WOW stock traded down $0.20 on Tuesday, reaching $4.64. 2,592,684 shares of the company’s stock were exchanged, compared to its average volume of 678,182. The stock has a fifty day moving average of $3.58 and a 200-day moving average of $4.04. The firm has a market cap of $386.56 million, a PE ratio of -1.37 and a beta of 1.39. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 3.55. WideOpenWest, Inc. has a twelve month low of $2.31 and a twelve month high of $9.06.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.08) earnings per share for the quarter. WideOpenWest had a negative return on equity of 12.32% and a negative net margin of 41.90%. The company had revenue of $168.80 million for the quarter, compared to analyst estimates of $171.13 million. As a group, equities analysts predict that WideOpenWest, Inc. will post -0.6 EPS for the current fiscal year.

Institutional Investors Weigh In On WideOpenWest

Hedge funds and other institutional investors have recently modified their holdings of the stock. LB Partners LLC raised its holdings in WideOpenWest by 116.8% during the first quarter. LB Partners LLC now owns 6,451,151 shares of the company’s stock worth $23,353,000 after purchasing an additional 3,475,190 shares during the last quarter. Alberta Investment Management Corp boosted its position in shares of WideOpenWest by 26.9% in the 3rd quarter. Alberta Investment Management Corp now owns 3,228,860 shares of the company’s stock worth $24,701,000 after buying an additional 684,699 shares in the last quarter. Private Management Group Inc. grew its stake in WideOpenWest by 126.9% in the 4th quarter. Private Management Group Inc. now owns 997,008 shares of the company’s stock valued at $4,038,000 after acquiring an additional 557,653 shares during the last quarter. Heartland Advisors Inc. increased its holdings in WideOpenWest by 97.0% during the 3rd quarter. Heartland Advisors Inc. now owns 1,004,150 shares of the company’s stock valued at $7,682,000 after acquiring an additional 494,300 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new position in WideOpenWest during the fourth quarter worth about $1,718,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and issued a $8.00 price objective on shares of WideOpenWest in a research report on Thursday, March 14th.

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.