New Jersey Better Educational Savings Trust Has $271,000 Stake in WideOpenWest, Inc. (WOW)
New Jersey Better Educational Savings Trust raised its stake in shares of WideOpenWest, Inc. (NYSE:WOW) by 80.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,000 shares of the company’s stock after buying an additional 8,000 shares during the quarter. New Jersey Better Educational Savings Trust’s holdings in WideOpenWest were worth $271,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of WOW. Tower Research Capital LLC TRC acquired a new position in shares of WideOpenWest during the 2nd quarter worth about $113,000. Wells Fargo & Company MN acquired a new position in shares of WideOpenWest during the 2nd quarter worth about $274,000. Supplemental Annuity Collective Trust of NJ acquired a new position in shares of WideOpenWest during the 2nd quarter worth about $278,000. Tudor Investment Corp ET AL acquired a new position in shares of WideOpenWest during the 2nd quarter worth about $279,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of WideOpenWest during the 2nd quarter worth about $596,000. Institutional investors own 50.96% of the company’s stock.
WOW has been the subject of several analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $20.00 target price on shares of WideOpenWest in a research report on Monday, September 18th. Zacks Investment Research lowered WideOpenWest from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $20.86.
WideOpenWest, Inc. (NYSE:WOW) opened at 13.11 on Monday. The company has a 50 day moving average price of $14.98 and a 200 day moving average price of $16.19. WideOpenWest, Inc. has a 12 month low of $13.04 and a 12 month high of $18.83. The firm has a market capitalization of $1.16 billion and a price-to-earnings ratio of 13.67.
WideOpenWest (NYSE:WOW) last issued its quarterly earnings data on Monday, August 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $297.50 million for the quarter, compared to the consensus estimate of $299.23 million. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Analysts anticipate that WideOpenWest, Inc. will post $1.24 earnings per share for the current fiscal year.
WideOpenWest Company Profile
WideOpenWest, Inc is a cable operator in the United States. The Company provides high-speed data (HSD), cable television (Video), digital telephony (Telephony) and business-class services. The Company’s products are available either as a bundle or as an individual service to residential and business services customers.
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