Insider Buying: WideOpenWest Inc (NYSE:WOW) CEO Buys 12,672 Shares of Stock

WideOpenWest Inc (NYSE:WOW) CEO Teresa L. Elder acquired 12,672 shares of WideOpenWest stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of $5.92 per share, for a total transaction of $75,018.24. Following the completion of the purchase, the chief executive officer now owns 1,054,188 shares in the company, valued at approximately $6,240,792.96. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

NYSE WOW traded up $0.29 on Wednesday, hitting $6.27. 755,660 shares of the company were exchanged, compared to its average volume of 330,692. The company has a market cap of $516.64 million, a PE ratio of 5.45 and a beta of 1.53. WideOpenWest Inc has a 12 month low of $4.98 and a 12 month high of $9.87. The stock has a fifty day moving average of $6.25 and a 200-day moving average of $6.63.

WideOpenWest (NYSE:WOW) last issued its earnings results on Friday, November 1st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The business had revenue of $285.40 million for the quarter, compared to analyst estimates of $288.71 million. WideOpenWest had a net margin of 3.91% and a negative return on equity of 21.20%. WideOpenWest’s revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. As a group, research analysts anticipate that WideOpenWest Inc will post 0.56 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of WOW. Quantamental Technologies LLC bought a new position in WideOpenWest during the second quarter worth $32,000. Tower Research Capital LLC TRC acquired a new position in WideOpenWest during the third quarter worth $39,000. Jane Street Group LLC raised its holdings in WideOpenWest by 17.8% during the second quarter. Jane Street Group LLC now owns 13,724 shares of the company’s stock worth $100,000 after buying an additional 2,076 shares during the last quarter. Paloma Partners Management Co acquired a new position in WideOpenWest during the second quarter worth $151,000. Finally, Wedge Capital Management L L P NC raised its holdings in WideOpenWest by 13.7% during the second quarter. Wedge Capital Management L L P NC now owns 24,132 shares of the company’s stock worth $175,000 after buying an additional 2,917 shares during the last quarter. 78.03% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on WOW. Zacks Investment Research lowered shares of WideOpenWest from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th. Raymond James lowered shares of WideOpenWest from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $11.00 to $8.00 in a research note on Monday, November 4th. Finally, ValuEngine raised shares of WideOpenWest from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $8.88.

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. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; and ultra-video products, as well as offers commercial-free movies, sports, and other special event entertainment programs.

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