WideOpenWest (NYSE:WOW) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of WideOpenWest (NYSE:WOW) from a hold rating to a sell rating in a report published on Sunday morning.

Separately, Benchmark reduced their price objective on shares of WideOpenWest from $7.50 to $6.50 and set a “buy” rating for the company in a research note on Thursday, May 29th.

WideOpenWest Trading Down 1.7%

Shares of WOW stock opened at $3.93 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 5.17. The stock has a 50-day simple moving average of $4.28 and a 200 day simple moving average of $4.54. WideOpenWest has a fifty-two week low of $3.87 and a fifty-two week high of $5.80. The stock has a market capitalization of $336.11 million, a P/E ratio of -5.62 and a beta of 1.26.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.02. The firm had revenue of $150.00 million during the quarter, compared to the consensus estimate of $148.17 million. WideOpenWest had a negative return on equity of 26.90% and a negative net margin of 9.32%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.18) EPS. On average, sell-side analysts expect that WideOpenWest will post -0.72 earnings per share for the current fiscal year.

Institutional Trading of WideOpenWest

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership bought a new position in WideOpenWest in the 4th quarter valued at $452,000. Paragon Capital Management Ltd acquired a new position in WideOpenWest in the first quarter valued at about $6,098,000. Rangeley Capital LLC acquired a new stake in shares of WideOpenWest during the fourth quarter worth about $3,722,000. JPMorgan Chase & Co. raised its position in shares of WideOpenWest by 40.9% during the fourth quarter. JPMorgan Chase & Co. now owns 706,080 shares of the company’s stock worth $3,502,000 after purchasing an additional 204,926 shares during the period. Finally, Anthracite Investment Company Inc. acquired a new stake in shares of WideOpenWest during the fourth quarter worth about $357,000. Institutional investors own 87.77% of the company’s stock.

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. 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.