WideOpenWest Inc (NYSE:WOW) Director Crestview Partners Iii Gp, L.P Acquires 278,923 Shares

WideOpenWest Inc (NYSE:WOW) Director Crestview Partners Iii Gp, L.P purchased 278,923 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were bought at an average price of $9.49 per share, for a total transaction of $2,646,979.27. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Crestview Partners Iii Gp, L.P also recently made the following trade(s):

  • On Wednesday, April 10th, Crestview Partners Iii Gp, L.P acquired 92,398 shares of WideOpenWest stock. The shares were acquired at an average cost of $9.45 per share, with a total value of $873,161.10.
  • On Thursday, April 4th, Crestview Partners Iii Gp, L.P acquired 330,059 shares of WideOpenWest stock. The shares were acquired at an average cost of $9.50 per share, with a total value of $3,135,560.50.
  • On Monday, April 1st, Crestview Partners Iii Gp, L.P acquired 299,308 shares of WideOpenWest stock. The shares were acquired at an average cost of $9.41 per share, with a total value of $2,816,488.28.
  • On Friday, March 22nd, Crestview Partners Iii Gp, L.P acquired 171,240 shares of WideOpenWest stock. The shares were acquired at an average cost of $9.41 per share, with a total value of $1,611,368.40.
  • On Tuesday, March 19th, Crestview Partners Iii Gp, L.P acquired 226,635 shares of WideOpenWest stock. The shares were acquired at an average cost of $9.32 per share, with a total value of $2,112,238.20.
  • On Thursday, March 14th, Crestview Partners Iii Gp, L.P acquired 193,108 shares of WideOpenWest stock. The shares were acquired at an average cost of $8.19 per share, with a total value of $1,581,554.52.

Shares of NYSE WOW traded down $0.15 during trading hours on Friday, reaching $9.25. The stock had a trading volume of 142,245 shares, compared to its average volume of 332,417. The stock has a market cap of $764.62 million, a PE ratio of 8.04 and a beta of 1.85. WideOpenWest Inc has a fifty-two week low of $6.03 and a fifty-two week high of $12.91.

WideOpenWest (NYSE:WOW) last announced its earnings results on Thursday, March 7th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $285.40 million during the quarter, compared to analyst estimates of $292.53 million. WideOpenWest had a negative net margin of 11.33% and a negative return on equity of 24.96%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. As a group, research analysts forecast that WideOpenWest Inc will post 0.91 EPS for the current year.

WOW has been the subject of several analyst reports. Zacks Investment Research cut WideOpenWest from a “buy” rating to a “hold” rating in a research report on Saturday, March 9th. Credit Suisse Group lowered their price objective on WideOpenWest from $11.50 to $9.50 and set a “neutral” rating for the company in a research report on Friday, March 8th. Macquarie cut WideOpenWest from an “outperform” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Tuesday, April 9th. They noted that the move was a valuation call. Finally, ValuEngine raised WideOpenWest from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $11.75.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ingalls & Snyder LLC raised its stake in WideOpenWest by 4.2% during the 4th quarter. Ingalls & Snyder LLC now owns 68,840 shares of the company’s stock valued at $491,000 after acquiring an additional 2,786 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in WideOpenWest during the 4th quarter valued at approximately $25,000. Quinn Opportunity Partners LLC raised its stake in WideOpenWest by 1.1% during the 4th quarter. Quinn Opportunity Partners LLC now owns 357,750 shares of the company’s stock valued at $2,551,000 after acquiring an additional 4,000 shares during the last quarter. Teachers Advisors LLC raised its stake in WideOpenWest by 12.0% during the 3rd quarter. Teachers Advisors LLC now owns 63,676 shares of the company’s stock valued at $714,000 after acquiring an additional 6,835 shares during the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in WideOpenWest by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 23,872 shares of the company’s stock valued at $268,000 after acquiring an additional 8,486 shares during the last quarter. 60.83% of the stock is owned by hedge funds and other institutional investors.

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About WideOpenWest

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.

See Also: Earnings Reports

Insider Buying and Selling by Quarter for WideOpenWest (NYSE:WOW)

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