BNP Paribas Financial Markets Has $383,000 Stock Position in WideOpenWest, Inc. (NYSE:WOW)

BNP Paribas Financial Markets boosted its holdings in shares of WideOpenWest, Inc. (NYSE:WOW) by 378.3% in the third quarter, HoldingsChannel reports. The fund owned 72,900 shares of the company’s stock after buying an additional 57,658 shares during the quarter. BNP Paribas Financial Markets’ holdings in WideOpenWest were worth $383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Gabelli Funds LLC boosted its holdings in shares of WideOpenWest by 91.8% during the second quarter. Gabelli Funds LLC now owns 1,516,931 shares of the company’s stock worth $8,207,000 after purchasing an additional 726,000 shares during the period. Luxor Capital Group LP boosted its stake in shares of WideOpenWest by 583.4% during the 2nd quarter. Luxor Capital Group LP now owns 431,670 shares of the company’s stock valued at $2,335,000 after buying an additional 368,508 shares during the period. DRW Securities LLC purchased a new position in shares of WideOpenWest during the 3rd quarter valued at $1,190,000. LB Partners LLC increased its stake in shares of WideOpenWest by 2.1% in the second quarter. LB Partners LLC now owns 6,587,126 shares of the company’s stock worth $35,636,000 after acquiring an additional 135,975 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new stake in shares of WideOpenWest during the third quarter worth $587,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

WideOpenWest Stock Performance

WOW stock opened at $4.96 on Friday. The firm has a 50 day moving average of $5.18 and a two-hundred day moving average of $5.24. WideOpenWest, Inc. has a 12 month low of $2.31 and a 12 month high of $5.80. The company has a market capitalization of $420.51 million, a price-to-earnings ratio of -4.43 and a beta of 1.50. 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 posted its earnings results 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 return on equity of 22.83% and a negative net margin of 14.17%. The business had revenue of $158.00 million for the quarter, compared to analyst estimates of $157.46 million. During the same period in the previous year, the company earned ($1.29) earnings per share. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that WideOpenWest, Inc. will post -0.72 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Teresa L. Elder sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $5.12, for a total transaction of $102,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,535,787 shares in the company, valued at $7,863,229.44. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

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

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.