WideOpenWest Inc (WOW) Shares Bought by Paragon Capital Management Ltd
Paragon Capital Management Ltd increased its stake in shares of WideOpenWest Inc (NYSE:WOW) by 24.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,070 shares of the company’s stock after purchasing an additional 11,240 shares during the quarter. Paragon Capital Management Ltd owned about 0.07% of WideOpenWest worth $551,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California Public Employees Retirement System bought a new stake in shares of WideOpenWest during the first quarter valued at approximately $105,000. Metropolitan Life Insurance Co. NY bought a new position in WideOpenWest in the second quarter valued at approximately $105,000. Voya Investment Management LLC bought a new position in WideOpenWest in the second quarter valued at approximately $106,000. UBS Group AG boosted its stake in WideOpenWest by 334.8% in the first quarter. UBS Group AG now owns 19,543 shares of the company’s stock valued at $140,000 after acquiring an additional 15,048 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in WideOpenWest in the second quarter valued at approximately $149,000. 61.77% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Crestview Partners Iii Gp, L.P bought 115,600 shares of the business’s stock in a transaction on Monday, August 6th. The shares were bought at an average cost of $10.92 per share, for a total transaction of $1,262,352.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders acquired 583,600 shares of company stock worth $6,209,022. Company insiders own 2.40% of the company’s stock.
WideOpenWest (NYSE:WOW) last posted its earnings results on Thursday, August 9th. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.12. The company had revenue of $291.30 million for the quarter, compared to analyst estimates of $290.44 million. WideOpenWest had a negative net margin of 8.17% and a negative return on equity of 5.46%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.15 earnings per share. research analysts predict that WideOpenWest Inc will post 0.79 earnings per share for the current year.
A number of equities analysts have issued reports on WOW shares. Credit Suisse Group raised their price objective on shares of WideOpenWest from $10.50 to $11.50 and gave the company a “neutral” rating in a research note on Friday, August 10th. B. Riley set a $14.00 price objective on shares of WideOpenWest and gave the company a “buy” rating in a research note on Sunday, August 12th. Raymond James reaffirmed a “buy” rating and issued a $14.00 price objective on shares of WideOpenWest in a research note on Monday, August 20th. Finally, Zacks Investment Research raised shares of WideOpenWest from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, August 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $14.93.
WideOpenWest, Inc operates as a cable operator in the United States. It provides high-speed data, cable television, voice over IP-based telephony, and business-class services to residential and business services customers. 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 provides commercial-free movies, sports, and other special event entertainment programs.
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