WideOpenWest Inc (WOW) Receives $12.88 Average PT from Analysts

WideOpenWest Inc (NYSE:WOW) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.88.

A number of research firms recently weighed in on WOW. Zacks Investment Research raised shares of WideOpenWest from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Saturday, January 12th. ValuEngine raised shares of WideOpenWest from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Credit Suisse Group dropped their price objective on shares of WideOpenWest from $11.50 to $9.50 and set a “neutral” rating on the stock in a report on Friday, March 8th.

Shares of WOW stock traded up $0.34 during trading hours on Monday, reaching $9.44. The stock had a trading volume of 544,300 shares, compared to its average volume of 331,208. WideOpenWest has a twelve month low of $6.03 and a twelve month high of $12.91. The stock has a market cap of $752.21 million, a PE ratio of 8.21 and a beta of 1.85.

WideOpenWest (NYSE:WOW) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02). WideOpenWest had a negative return on equity of 24.96% and a negative net margin of 11.33%. The firm had revenue of $285.40 million during the quarter, compared to analyst estimates of $292.53 million. During the same period last year, the business earned $0.32 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. On average, analysts expect that WideOpenWest will post 0.91 earnings per share for the current fiscal year.

In related news, CEO Teresa L. Elder bought 6,265 shares of the stock in a transaction on Tuesday, March 12th. The shares were purchased at an average price of $7.97 per share, with a total value of $49,932.05. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Crestview Partners Iii Gp, L.P bought 278,923 shares of the stock in a transaction on Wednesday, March 27th. The shares were bought at an average cost of $9.49 per share, for a total transaction of $2,646,979.27. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 876,171 shares of company stock worth $8,002,072. 2.40% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in shares of WideOpenWest by 10.0% during the second quarter. Northern Trust Corp now owns 334,797 shares of the company’s stock worth $3,234,000 after purchasing an additional 30,489 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of WideOpenWest by 7,767.6% during the third quarter. JPMorgan Chase & Co. now owns 488,343 shares of the company’s stock worth $5,474,000 after purchasing an additional 482,136 shares in the last quarter. Prudential Financial Inc. increased its position in shares of WideOpenWest by 196.3% during the third quarter. Prudential Financial Inc. now owns 107,669 shares of the company’s stock worth $1,207,000 after purchasing an additional 71,332 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of WideOpenWest by 8.0% during the third quarter. Bank of New York Mellon Corp now owns 351,616 shares of the company’s stock worth $3,941,000 after purchasing an additional 25,978 shares in the last quarter. Finally, Credit Suisse AG increased its position in shares of WideOpenWest by 109.8% during the third quarter. Credit Suisse AG now owns 149,154 shares of the company’s stock worth $1,672,000 after purchasing an additional 78,061 shares in the last quarter. 60.83% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Investing in Growth Stocks

Receive News & Ratings for WideOpenWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WideOpenWest and related companies with MarketBeat.com's FREE daily email newsletter.