WideOpenWest Inc (NYSE:WOW) Short Interest Update

WideOpenWest Inc (NYSE:WOW) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,460,000 shares, a growth of 9.8% from the January 15th total of 1,330,000 shares. Based on an average trading volume of 375,300 shares, the days-to-cover ratio is currently 3.9 days. Currently, 2.9% of the company’s stock are sold short.

WideOpenWest stock opened at $7.45 on Friday. WideOpenWest has a twelve month low of $4.98 and a twelve month high of $9.87. The stock’s fifty day simple moving average is $7.00 and its 200-day simple moving average is $6.40. The firm has a market capitalization of $659.92 million, a P/E ratio of 13.30 and a beta of 1.63.

In related news, CEO Teresa L. Elder acquired 12,672 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $5.92 per share, with a total value of $75,018.24. Following the completion of the transaction, the chief executive officer now owns 1,054,188 shares of the company’s stock, valued at $6,240,792.96. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of WideOpenWest by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 154,802 shares of the company’s stock worth $1,149,000 after acquiring an additional 1,638 shares during the period. Credit Suisse AG grew its stake in shares of WideOpenWest by 14.4% during the fourth quarter. Credit Suisse AG now owns 13,879 shares of the company’s stock worth $103,000 after purchasing an additional 1,744 shares in the last quarter. Rhumbline Advisers grew its stake in shares of WideOpenWest by 6.1% during the third quarter. Rhumbline Advisers now owns 41,415 shares of the company’s stock worth $255,000 after purchasing an additional 2,363 shares in the last quarter. Swiss National Bank grew its stake in shares of WideOpenWest by 7.1% during the fourth quarter. Swiss National Bank now owns 48,500 shares of the company’s stock worth $360,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of WideOpenWest by 24.7% during the fourth quarter. Victory Capital Management Inc. now owns 23,121 shares of the company’s stock worth $172,000 after purchasing an additional 4,585 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on WOW. Raymond James lowered WideOpenWest from a “strong-buy” rating to an “outperform” rating and cut their price objective for the stock from $11.00 to $8.00 in a research report on Monday, November 4th. Zacks Investment Research reaffirmed a “sell” rating on shares of WideOpenWest in a research report on Saturday, January 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.88.

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.

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