Private Management Group Inc. Decreases Stake in WideOpenWest, Inc. (NYSE:WOW)

Private Management Group Inc. decreased its position in WideOpenWest, Inc. (NYSE:WOW) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 383,983 shares of the company’s stock after selling 5,268 shares during the period. Private Management Group Inc. owned 0.45% of WideOpenWest worth $1,905,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WOW. Marshall Wace LLP purchased a new stake in WideOpenWest in the 2nd quarter valued at about $546,000. Algert Global LLC grew its position in shares of WideOpenWest by 9.5% during the 2nd quarter. Algert Global LLC now owns 33,436 shares of the company’s stock valued at $181,000 after acquiring an additional 2,896 shares during the period. SG Americas Securities LLC grew its position in shares of WideOpenWest by 175.3% during the 3rd quarter. SG Americas Securities LLC now owns 29,969 shares of the company’s stock valued at $157,000 after acquiring an additional 19,083 shares during the period. Wedmont Private Capital bought a new position in shares of WideOpenWest during the 3rd quarter valued at approximately $86,000. Finally, Burns Matteson Capital Management LLC bought a new position in shares of WideOpenWest during the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

WideOpenWest Stock Up 0.1 %

WideOpenWest stock opened at $4.35 on Friday. WideOpenWest, Inc. has a twelve month low of $2.31 and a twelve month high of $5.80. The firm has a 50 day moving average price of $4.68 and a 200-day moving average price of $5.08. The company has a market capitalization of $368.35 million, a P/E ratio of -3.88 and a beta of 1.46. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 4.41.

WideOpenWest (NYSE:WOW) last released its earnings results on Monday, November 4th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.17). WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The company had revenue of $158.00 million for the quarter, compared to the consensus estimate of $157.46 million. During the same period in the prior year, the company earned ($1.29) earnings per share. The firm’s revenue was down 8.7% on a year-over-year basis. As a group, equities analysts predict that WideOpenWest, Inc. will post -0.72 EPS for the current year.

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.