Insider Buying: WideOpenWest Inc (WOW) Director Buys $3,135,560.50 in Stock

WideOpenWest Inc (NYSE:WOW) Director Crestview Partners Iii Gp, L.P bought 330,059 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was bought at an average price of $9.50 per share, with a total value of $3,135,560.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Crestview Partners Iii Gp, L.P also recently made the following trade(s):

  • On Monday, April 1st, Crestview Partners Iii Gp, L.P purchased 299,308 shares of WideOpenWest stock. The shares were bought at an average price of $9.41 per share, for a total transaction of $2,816,488.28.
  • On Wednesday, March 27th, Crestview Partners Iii Gp, L.P purchased 278,923 shares of WideOpenWest stock. The shares were bought at an average price of $9.49 per share, for a total transaction of $2,646,979.27.
  • On Friday, March 22nd, Crestview Partners Iii Gp, L.P purchased 171,240 shares of WideOpenWest stock. The shares were purchased at an average cost of $9.41 per share, for a total transaction of $1,611,368.40.
  • On Tuesday, March 19th, Crestview Partners Iii Gp, L.P acquired 226,635 shares of WideOpenWest stock. The stock was purchased at an average cost of $9.32 per share, with a total value of $2,112,238.20.
  • On Thursday, March 14th, Crestview Partners Iii Gp, L.P acquired 193,108 shares of WideOpenWest stock. The stock was purchased at an average cost of $8.19 per share, with a total value of $1,581,554.52.

WOW stock opened at $9.74 on Friday. The firm has a market cap of $784.47 million, a price-to-earnings ratio of 8.47 and a beta of 1.85. WideOpenWest Inc has a 52-week low of $6.03 and a 52-week high of $12.91.

WideOpenWest (NYSE:WOW) last posted its earnings results on Thursday, March 7th. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02). WideOpenWest had a negative net margin of 11.33% and a negative return on equity of 24.96%. The business had revenue of $285.40 million during the quarter, compared to analysts’ expectations of $292.53 million. During the same quarter in the prior year, the firm earned $0.32 EPS. WideOpenWest’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts expect that WideOpenWest Inc will post 0.91 EPS for the current year.

WOW has been the topic of a number of analyst reports. Zacks Investment Research raised shares of WideOpenWest from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Saturday, January 12th. ValuEngine upgraded shares of WideOpenWest from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Credit Suisse Group dropped their price target on shares of WideOpenWest from $11.50 to $9.50 and set a “neutral” rating for the company in a research note on Friday, March 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.10.

Several large investors have recently modified their holdings of WOW. Macquarie Group Ltd. purchased a new stake in WideOpenWest in the 4th quarter valued at about $25,000. Metropolitan Life Insurance Co. NY boosted its stake in WideOpenWest by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,865 shares of the company’s stock worth $77,000 after buying an additional 8,486 shares during the period. Meeder Asset Management Inc. boosted its stake in WideOpenWest by 1,205.2% during the fourth quarter. Meeder Asset Management Inc. now owns 11,133 shares of the company’s stock worth $79,000 after buying an additional 10,280 shares during the period. Venturi Wealth Management LLC purchased a new position in WideOpenWest during the fourth quarter worth about $80,000. Finally, Paloma Partners Management Co acquired a new stake in shares of WideOpenWest during the fourth quarter valued at about $95,000. 60.83% of the stock is owned by hedge funds and other institutional investors.

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WideOpenWest Company Profile

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. 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 offers commercial-free movies, sports, and other special event entertainment programs.

Further Reading: Understanding Market Liquidity

Insider Buying and Selling by Quarter for WideOpenWest (NYSE:WOW)

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