WideOpenWest (NYSE:WOW – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
Separately, Benchmark dropped their target price on shares of WideOpenWest from $7.50 to $6.50 and set a “buy” rating for the company in a report on Thursday, May 29th.
View Our Latest Research Report on WOW
WideOpenWest Stock Performance
WideOpenWest (NYSE:WOW – Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. WideOpenWest had a negative net margin of 9.32% and a negative return on equity of 26.90%. The business had revenue of $150.00 million during the quarter, compared to the consensus estimate of $148.17 million. During the same quarter last year, the firm posted ($0.18) EPS. The business’s revenue was down 7.1% compared to the same quarter last year. Equities research analysts predict that WideOpenWest will post -0.72 earnings per share for the current fiscal year.
Institutional Investors Weigh In On WideOpenWest
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of WideOpenWest by 15.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company’s stock worth $97,000 after buying an additional 2,657 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of WideOpenWest by 2.3% during the first quarter. SummerHaven Investment Management LLC now owns 152,640 shares of the company’s stock worth $756,000 after buying an additional 3,368 shares in the last quarter. Covestor Ltd grew its holdings in shares of WideOpenWest by 16.0% during the fourth quarter. Covestor Ltd now owns 29,680 shares of the company’s stock worth $147,000 after buying an additional 4,103 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of WideOpenWest by 26.3% during the first quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company’s stock worth $119,000 after buying an additional 5,000 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of WideOpenWest by 1.5% during the fourth quarter. Invesco Ltd. now owns 373,597 shares of the company’s stock worth $1,853,000 after buying an additional 5,465 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than WideOpenWest
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Apple: The Mag 7’s Dead Money Stock or AI Cash Cow in the Making?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Value Alert: 3 High-Yield Stocks Trading at 52-Week Lows
- Insider Trading – What You Need to Know
- Nektar Jumps 157% on Drug Trial Data—Can It Go Even Higher?
Receive News & Ratings for WideOpenWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WideOpenWest and related companies with MarketBeat.com's FREE daily email newsletter.