Pekin Hardy Strauss Inc. Buys New Shares in WideOpenWest, Inc. (NYSE:WOW)

Pekin Hardy Strauss Inc. acquired a new stake in shares of WideOpenWest, Inc. (NYSE:WOW) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 111,825 shares of the company’s stock, valued at approximately $587,000. Pekin Hardy Strauss Inc. owned 0.13% of WideOpenWest at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Intech Investment Management LLC acquired a new position in WideOpenWest during the third quarter valued at $69,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of WideOpenWest by 148.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 73,025 shares of the company’s stock valued at $383,000 after buying an additional 43,616 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of WideOpenWest by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 42,168 shares of the company’s stock valued at $221,000 after buying an additional 2,144 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of WideOpenWest in the 3rd quarter valued at about $110,000. Finally, LB Partners LLC boosted its stake in shares of WideOpenWest by 0.9% in the third quarter. LB Partners LLC now owns 6,648,803 shares of the company’s stock worth $34,906,000 after buying an additional 61,677 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other WideOpenWest news, CEO Teresa L. Elder sold 20,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $5.12, for a total transaction of $102,400.00. Following the transaction, the chief executive officer now directly owns 1,535,787 shares of the company’s stock, valued at $7,863,229.44. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.00% of the company’s stock.

WideOpenWest Trading Up 4.1 %

WOW stock opened at $5.34 on Monday. WideOpenWest, Inc. has a one year low of $2.31 and a one year high of $5.80. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.58 and a current ratio of 0.58. The firm’s fifty day moving average is $5.21 and its 200 day moving average is $5.20.

WideOpenWest (NYSE:WOW) last posted its earnings results on Monday, November 4th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.17). The business had revenue of $158.00 million for the quarter, compared to analyst estimates of $157.46 million. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. WideOpenWest’s revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the business earned ($1.29) earnings per share. On average, sell-side analysts forecast that WideOpenWest, Inc. will post -0.61 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Benchmark decreased their price target on WideOpenWest from $8.00 to $7.50 and set a “buy” rating for the company in a report on Monday, August 26th.

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.