WideOpenWest Inc (NYSE:WOW) Director Crestview Partners Iii Gp, L.P acquired 193,108 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $8.19 per share, for a total transaction of $1,581,554.52. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
Shares of WOW stock traded up $0.26 on Thursday, hitting $8.50. 334,114 shares of the stock traded hands, compared to its average volume of 290,005. The company has a market capitalization of $649.71 million, a price-to-earnings ratio of 7.39 and a beta of 1.82. WideOpenWest Inc has a 52 week low of $6.03 and a 52 week high of $12.91.
WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). The firm had revenue of $285.40 million for the quarter, compared to the consensus estimate of $292.53 million. WideOpenWest had a negative net margin of 11.33% and a negative return on equity of 24.96%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. As a group, equities analysts expect that WideOpenWest Inc will post 0.69 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. Ingalls & Snyder LLC raised its position in shares of WideOpenWest by 4.2% during the 4th quarter. Ingalls & Snyder LLC now owns 68,840 shares of the company’s stock valued at $491,000 after purchasing an additional 2,786 shares during the period. Macquarie Group Ltd. bought a new stake in shares of WideOpenWest during the 4th quarter valued at $25,000. Quinn Opportunity Partners LLC grew its stake in WideOpenWest by 1.1% during the fourth quarter. Quinn Opportunity Partners LLC now owns 357,750 shares of the company’s stock valued at $2,551,000 after acquiring an additional 4,000 shares in the last quarter. Teachers Advisors LLC grew its stake in WideOpenWest by 12.0% during the third quarter. Teachers Advisors LLC now owns 63,676 shares of the company’s stock valued at $714,000 after acquiring an additional 6,835 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in WideOpenWest by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 23,872 shares of the company’s stock valued at $268,000 after acquiring an additional 8,486 shares in the last quarter. Hedge funds and other institutional investors own 60.81% of the company’s stock.
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WideOpenWest, Inc operates as a cable operator in the United States. It provides high-speed data, cable television, voice over IP-based telephony, and business-class services to residential and business services customers. 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 provides commercial-free movies, sports, and other special event entertainment programs.
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