WideOpenWest Inc (WOW) Major Shareholder Avista Capital Managing Member Sells 1,440,293 Shares of Stock

WideOpenWest Inc (NYSE:WOW) major shareholder Avista Capital Managing Member sold 1,440,293 shares of the stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $7.16, for a total value of $10,312,497.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of WideOpenWest stock traded down $0.26 during mid-day trading on Thursday, hitting $7.43. The stock had a trading volume of 524,012 shares, compared to its average volume of 570,042. WideOpenWest Inc has a 12 month low of $7.03 and a 12 month high of $18.83. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of -10.90.

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Several analysts have recently commented on the company. SunTrust Banks decreased their target price on WideOpenWest to $13.00 and set a “buy” rating on the stock in a report on Thursday, March 15th. ValuEngine cut WideOpenWest from a “hold” rating to a “sell” rating in a report on Thursday, March 15th. Royal Bank of Canada cut WideOpenWest from an “outperform” rating to a “sector perform” rating and set a $20.00 target price on the stock. in a report on Wednesday. UBS cut WideOpenWest from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Thursday, March 15th. Finally, Zacks Investment Research cut WideOpenWest from a “hold” rating to a “strong sell” rating in a report on Saturday, March 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $18.00.

A number of institutional investors have recently bought and sold shares of WOW. SG Americas Securities LLC bought a new position in WideOpenWest in the third quarter valued at about $109,000. Tower Research Capital LLC TRC boosted its holdings in WideOpenWest by 159.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,076 shares of the company’s stock valued at $117,000 after acquiring an additional 6,808 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in WideOpenWest in the fourth quarter valued at about $137,000. Teton Advisors Inc. bought a new position in WideOpenWest in the fourth quarter valued at about $164,000. Finally, American International Group Inc. bought a new position in WideOpenWest in the third quarter valued at about $195,000. Institutional investors and hedge funds own 54.81% of the company’s stock.

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About WideOpenWest

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.

Insider Buying and Selling by Quarter for WideOpenWest (NYSE:WOW)

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