WideOpenWest, Inc. (NYSE:WOW) Sees Large Drop in Short Interest

WideOpenWest, Inc. (NYSE:WOW) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 339,434 shares, a decline of 88.6% from the December 15th total of 2,970,754 shares. Based on an average trading volume of 684,913 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 684,913 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On WideOpenWest

A number of institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in shares of WideOpenWest by 21.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,544 shares of the company’s stock valued at $65,000 after acquiring an additional 2,201 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in WideOpenWest by 14.1% during the second quarter. The Manufacturers Life Insurance Company now owns 21,959 shares of the company’s stock valued at $89,000 after purchasing an additional 2,706 shares in the last quarter. Rhumbline Advisers raised its stake in WideOpenWest by 3.8% during the second quarter. Rhumbline Advisers now owns 78,476 shares of the company’s stock worth $319,000 after acquiring an additional 2,874 shares in the last quarter. FNY Investment Advisers LLC grew its holdings in shares of WideOpenWest by 60.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 8,000 shares of the company’s stock worth $32,000 after purchasing an additional 3,000 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in WideOpenWest by 2.2% during the second quarter. SummerHaven Investment Management LLC now owns 155,998 shares of the company’s stock worth $633,000 after buying an additional 3,358 shares during the last quarter. 87.77% of the stock is owned by institutional investors and hedge funds.

WideOpenWest Trading Up 0.3%

WideOpenWest stock traded up $0.02 during midday trading on Wednesday, reaching $5.22. The stock had a trading volume of 573,270 shares, compared to its average volume of 543,734. WideOpenWest has a twelve month low of $3.06 and a twelve month high of $5.33. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market cap of $447.01 million, a price-to-earnings ratio of -5.49 and a beta of 0.82. The firm’s fifty day simple moving average is $5.19 and its two-hundred day simple moving average is $4.85.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.23). WideOpenWest had a negative return on equity of 42.52% and a negative net margin of 13.20%.The business had revenue of $144.00 million during the quarter, compared to analysts’ expectations of $144.06 million. Equities analysts anticipate that WideOpenWest will post -0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of WideOpenWest in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $5.85.

About WideOpenWest

WideOpenWest Inc (NYSE: WOW) is a broadband communications company that delivers internet, video and voice services to residential and business customers in the United States. Operating under the WOW! brand, the company focuses on high-speed internet access, digital cable programming and VoIP phone services, targeting both urban and suburban markets with bundled offerings designed to meet varying connectivity needs.

Founded in 1996, WideOpenWest has grown through a combination of organic expansion and strategic acquisitions.