424,214 Shares in WideOpenWest, Inc. (NYSE:WOW) Purchased by Readystate Asset Management LP

Readystate Asset Management LP purchased a new stake in WideOpenWest, Inc. (NYSE:WOW) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 424,214 shares of the company’s stock, valued at approximately $1,718,000.

Other large investors also recently bought and sold shares of the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in WideOpenWest in the second quarter valued at approximately $29,000. Point72 Middle East FZE acquired a new position in WideOpenWest in the fourth quarter valued at approximately $30,000. Tower Research Capital LLC TRC lifted its holdings in WideOpenWest by 150.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,650 shares of the company’s stock valued at $31,000 after acquiring an additional 2,190 shares during the period. Bfsg LLC acquired a new position in WideOpenWest in the fourth quarter valued at approximately $39,000. Finally, PNC Financial Services Group Inc. acquired a new position in WideOpenWest in the second quarter valued at approximately $40,000. 87.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

WideOpenWest Price Performance

Shares of WideOpenWest stock traded down $0.04 on Wednesday, reaching $3.42. The company’s stock had a trading volume of 249,817 shares, compared to its average volume of 629,456. The company has a market capitalization of $284.50 million, a P/E ratio of -0.96 and a beta of 1.38. WideOpenWest, Inc. has a 52-week low of $2.31 and a 52-week high of $11.75. The stock has a 50-day moving average price of $3.57 and a 200-day moving average price of $4.38. 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 (NYSE:WOW) last posted its quarterly earnings data on Wednesday, March 13th. The company reported ($0.08) EPS for the quarter. The business had revenue of $168.80 million during the quarter, compared to analysts’ expectations of $171.13 million. WideOpenWest had a negative net margin of 41.90% and a negative return on equity of 12.32%. Analysts expect that WideOpenWest, Inc. will post -0.6 EPS for the current year.

WideOpenWest Profile

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.