Insider Selling: WideOpenWest, Inc. (NYSE:WOW) CEO Sells $102,400.00 in Stock

WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $5.12, for a total value of $102,400.00. Following the transaction, the chief executive officer now directly owns 1,535,787 shares in the company, valued at approximately $7,863,229.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

WideOpenWest Stock Performance

WOW stock opened at $5.61 on Friday. WideOpenWest, Inc. has a 12 month low of $2.31 and a 12 month high of $7.88. The company has a current ratio of 0.58, a quick ratio of 0.62 and a debt-to-equity ratio of 4.41. The company has a fifty day moving average price of $5.24 and a 200 day moving average price of $5.08.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of WOW. LB Partners LLC lifted its holdings in shares of WideOpenWest by 0.9% during the third quarter. LB Partners LLC now owns 6,648,803 shares of the company’s stock worth $34,906,000 after purchasing an additional 61,677 shares during the period. Bares Capital Management Inc. lifted its stake in shares of WideOpenWest by 20.5% in the 1st quarter. Bares Capital Management Inc. now owns 3,169,204 shares of the company’s stock worth $11,473,000 after acquiring an additional 538,770 shares during the period. Gabelli Funds LLC boosted its holdings in shares of WideOpenWest by 91.8% in the second quarter. Gabelli Funds LLC now owns 1,516,931 shares of the company’s stock valued at $8,207,000 after acquiring an additional 726,000 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of WideOpenWest by 6.4% during the first quarter. Gamco Investors INC. ET AL now owns 1,333,157 shares of the company’s stock worth $4,826,000 after acquiring an additional 80,060 shares during the period. Finally, Luxor Capital Group LP raised its holdings in WideOpenWest by 583.4% during the second quarter. Luxor Capital Group LP now owns 431,670 shares of the company’s stock worth $2,335,000 after purchasing an additional 368,508 shares in the last quarter. Institutional investors and hedge funds 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.