D. E. Shaw & Co. Inc. Grows Position in WideOpenWest, Inc. (NYSE:WOW)

D. E. Shaw & Co. Inc. raised its stake in shares of WideOpenWest, Inc. (NYSE:WOW) by 32.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,108,298 shares of the company’s stock after acquiring an additional 273,737 shares during the period. D. E. Shaw & Co. Inc.’s holdings in WideOpenWest were worth $5,497,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WOW. Price T Rowe Associates Inc. MD lifted its position in shares of WideOpenWest by 15.7% during the fourth 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. R Squared Ltd bought a new position in shares of WideOpenWest during the 4th quarter worth approximately $98,000. Aquatic Capital Management LLC bought a new position in shares of WideOpenWest during the 4th quarter worth approximately $143,000. Covestor Ltd boosted its stake in shares of WideOpenWest by 16.0% in the 4th quarter. Covestor Ltd now owns 29,680 shares of the company’s stock worth $147,000 after buying an additional 4,103 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of WideOpenWest by 27.4% in the fourth quarter. Wells Fargo & Company MN now owns 29,684 shares of the company’s stock valued at $147,000 after acquiring an additional 6,391 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

WideOpenWest Stock Performance

Shares of WideOpenWest stock opened at $4.40 on Friday. The business’s fifty day simple moving average is $4.52 and its 200 day simple moving average is $4.72. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 4.41. WideOpenWest, Inc. has a 12 month low of $4.03 and a 12 month high of $5.80. The firm has a market capitalization of $375.67 million, a P/E ratio of -3.92 and a beta of 1.32.

WideOpenWest (NYSE:WOW) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.02. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The company had revenue of $150.00 million during the quarter, compared to analyst estimates of $148.17 million. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.18) earnings per share. As a group, analysts anticipate that WideOpenWest, Inc. will post -0.72 EPS for the current year.

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.