WideOpenWest (NYSE:WOW) Sees Unusually-High Trading Volume

WideOpenWest Inc (NYSE:WOW) shares saw unusually-high trading volume on Tuesday . Approximately 650,939 shares changed hands during trading, an increase of 98% from the previous session’s volume of 328,869 shares.The stock last traded at $5.98 and had previously closed at $5.94.

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Saturday, November 9th. ValuEngine raised shares of WideOpenWest from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Raymond James lowered shares of WideOpenWest from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $11.00 to $8.00 in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $8.88.

The business has a fifty day simple moving average of $6.26 and a 200 day simple moving average of $6.62. The company has a market cap of $516.64 million, a P/E ratio of 5.91 and a beta of 1.53.

WideOpenWest (NYSE:WOW) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.03. The business had revenue of $285.40 million during the quarter, compared to the consensus estimate of $288.71 million. WideOpenWest had a negative return on equity of 21.20% and a net margin of 3.91%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. On average, research analysts predict that WideOpenWest Inc will post 0.56 earnings per share for the current fiscal year.

In other WideOpenWest news, Director Crestview Partners Iii Gp, L.P bought 51,481 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of $5.69 per share, with a total value of $292,926.89. Also, CEO Teresa L. Elder bought 12,672 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $5.92 per share, with a total value of $75,018.24. Following the completion of the purchase, the chief executive officer now owns 1,054,188 shares of the company’s stock, valued at $6,240,792.96. The disclosure for this purchase can be found here. Insiders have purchased 709,789 shares of company stock worth $4,106,902 over the last 90 days. 3.00% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Millennium Management LLC boosted its position in WideOpenWest by 422.8% during the 3rd quarter. Millennium Management LLC now owns 914,831 shares of the company’s stock valued at $5,635,000 after purchasing an additional 739,831 shares during the period. Squarepoint Ops LLC bought a new stake in WideOpenWest in the third quarter valued at $676,000. Zebra Capital Management LLC lifted its stake in WideOpenWest by 11.2% in the third quarter. Zebra Capital Management LLC now owns 59,833 shares of the company’s stock valued at $369,000 after buying an additional 6,009 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of WideOpenWest by 4,675.2% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,374,516 shares of the company’s stock valued at $57,747,000 after acquiring an additional 9,178,198 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of WideOpenWest during the third quarter valued at $39,000. 78.03% of the stock is owned by institutional investors.

WideOpenWest Company Profile (NYSE:WOW)

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.

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