Insider Selling: WideOpenWest, Inc. (NYSE:WOW) CEO Sells $104,600.00 in Stock

WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder sold 20,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $5.23, for a total transaction of $104,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,595,787 shares of the company’s stock, valued at approximately $8,345,966.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

WideOpenWest Trading Down 1.2 %

WOW opened at $5.15 on Friday. WideOpenWest, Inc. has a twelve month low of $2.31 and a twelve month high of $9.06. The company has a 50-day simple moving average of $4.84 and a 200 day simple moving average of $4.04. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 3.89.

WideOpenWest (NYSE:WOW) last issued its earnings results on Tuesday, May 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The business had revenue of $161.50 million for the quarter, compared to analyst estimates of $161.40 million. WideOpenWest had a negative return on equity of 7.43% and a negative net margin of 39.16%. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.46) EPS. On average, research analysts predict that WideOpenWest, Inc. will post -0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WOW has been the subject of several recent analyst reports. Raymond James reaffirmed an “underperform” rating on shares of WideOpenWest in a research report on Tuesday. Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of WideOpenWest in a research report on Thursday, March 14th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WOW. Charles Schwab Investment Management Inc. raised its stake in WideOpenWest by 10.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 806,602 shares of the company’s stock worth $6,171,000 after acquiring an additional 73,849 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in WideOpenWest by 562.1% during the third quarter. PNC Financial Services Group Inc. now owns 31,477 shares of the company’s stock worth $241,000 after acquiring an additional 26,723 shares in the last quarter. Hsbc Holdings PLC raised its stake in WideOpenWest by 150.6% during the third quarter. Hsbc Holdings PLC now owns 38,646 shares of the company’s stock worth $298,000 after acquiring an additional 23,227 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in WideOpenWest during the third quarter worth about $135,000. Finally, Trexquant Investment LP acquired a new position in WideOpenWest during the third quarter worth about $558,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.