WideOpenWest, Inc. (NYSE:WOW) CEO Sells $10,225.00 in Stock

WideOpenWest, Inc. (NYSE:WOW) CEO Teresa L. Elder sold 2,045 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $5.00, for a total value of $10,225.00. Following the completion of the transaction, the chief executive officer now directly owns 1,513,742 shares in the company, valued at $7,568,710. This trade represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

WideOpenWest Trading Down 0.2 %

Shares of WOW opened at $4.60 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 4.41. The firm has a market capitalization of $389.97 million, a P/E ratio of -4.11 and a beta of 1.48. The stock’s fifty day simple moving average is $5.08 and its 200 day simple moving average is $5.20. WideOpenWest, Inc. has a twelve month low of $2.31 and a twelve month high of $5.80.

WideOpenWest (NYSE:WOW) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $157.46 million. During the same period last year, the business earned ($1.29) earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, equities research analysts forecast that WideOpenWest, Inc. will post -0.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WOW. Burns Matteson Capital Management LLC purchased a new position in WideOpenWest in the third quarter valued at about $57,000. Corsair Capital Management L.P. purchased a new position in WideOpenWest in the third quarter valued at about $63,000. Intech Investment Management LLC purchased a new position in WideOpenWest in the third quarter valued at about $69,000. Wedmont Private Capital purchased a new position in WideOpenWest in the third quarter valued at about $86,000. Finally, Assenagon Asset Management S.A. purchased a new position in WideOpenWest in the third quarter valued at about $110,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

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.