Gabelli Funds LLC grew its holdings in shares of WideOpenWest Inc (NYSE:WOW) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 385,000 shares of the company’s stock after buying an additional 39,000 shares during the quarter. Gabelli Funds LLC owned 0.46% of WideOpenWest worth $2,372,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted its stake in shares of WideOpenWest by 6.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 441,476 shares of the company’s stock valued at $2,719,000 after buying an additional 27,089 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of WideOpenWest by 4.8% during the 3rd quarter. California Public Employees Retirement System now owns 130,936 shares of the company’s stock valued at $807,000 after buying an additional 6,041 shares during the last quarter. Crestview Partners III GP L.P. boosted its stake in shares of WideOpenWest by 0.3% during the 3rd quarter. Crestview Partners III GP L.P. now owns 30,504,016 shares of the company’s stock valued at $187,905,000 after buying an additional 93,058 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of WideOpenWest by 6.1% during the 3rd quarter. Rhumbline Advisers now owns 41,415 shares of the company’s stock valued at $255,000 after buying an additional 2,363 shares during the last quarter. Finally, Ingalls & Snyder LLC lifted its stake in WideOpenWest by 24.8% during the third quarter. Ingalls & Snyder LLC now owns 405,470 shares of the company’s stock worth $2,498,000 after purchasing an additional 80,692 shares during the last quarter. Institutional investors own 56.98% of the company’s stock.
WOW traded up $0.03 during trading hours on Friday, hitting $6.46. 302,891 shares of the stock were exchanged, compared to its average volume of 333,113. The stock has a 50-day simple moving average of $6.17 and a 200-day simple moving average of $6.88. WideOpenWest Inc has a 12 month low of $4.98 and a 12 month high of $11.72. The stock has a market cap of $544.45 million, a price-to-earnings ratio of 5.62 and a beta of 1.56.
WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. WideOpenWest had a negative return on equity of 21.20% and a net margin of 3.91%. The firm had revenue of $285.40 million for the quarter, compared to analysts’ expectations of $288.71 million. During the same period last year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that WideOpenWest Inc will post 0.62 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on WOW shares. SunTrust Banks cut WideOpenWest from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $17.00 to $7.50 in a research note on Monday, August 5th. Zacks Investment Research cut WideOpenWest from a “hold” rating to a “sell” rating in a research note on Saturday. Raymond James cut WideOpenWest from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $11.00 to $8.00 in a research note on Monday, November 4th. Finally, ValuEngine upgraded WideOpenWest from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. WideOpenWest has an average rating of “Hold” and an average target price of $9.89.
In related news, Director Robert D. Perlmutter bought 2,500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $16.40 per share, for a total transaction of $41,000.00. Also, CEO Teresa L. Elder bought 9,447 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average price of $5.29 per share, for a total transaction of $49,974.63. The disclosure for this purchase can be found here. Insiders have purchased 729,564 shares of company stock worth $4,229,419 over the last 90 days. 3.00% of the stock is currently owned by company insiders.
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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