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ENGLEWOOD, Colo.—Teresa L. Elder, the Chief Executive Officer of WideOpenWest, Inc. (NYSE:WOW), recently sold a portion of her holdings in the company. The telecommunications provider, currently valued at $387 million, has seen its stock rise 32% over the past year despite facing operational challenges. According to InvestingPro analysis, the company is trading near its Fair Value amid concerns about its significant debt burden. According to the SEC filing, Elder executed a sale of 2,045 shares of common stock on January 2, 2025, at a price of $5 per share, totaling $10,225. This transaction was carried out under a pre-established Rule 10b5-1 trading plan, which Elder adopted on December 13, 2023. Following this sale, Elder retains ownership of 1,513,742 shares in the company. InvestingPro subscribers can access 8 additional key insights about WOW's financial health, including detailed analysis of its cash flow and debt metrics through the comprehensive Pro Research Report.
In other recent news, WideOpenWest (WOW) reported mixed results in its third-quarter earnings call. The broadband provider announced a record adjusted EBITDA of $77.3 million, a 9% increase year-over-year, despite a drop in total revenue by 8.7% to $158 million and a net loss of 4,400 high-speed data (HSD) subscribers. The company's full-year HSD revenue is projected to be between $422 million and $426 million, with total revenue expected between $629 million and $633 million.
WOW has also closed a $200 million loan to support the expansion of its fiber network, a strategic move that the company is optimistic about. This optimism extends to its partnerships with video streaming services and its plans to increase capital expenditure for greenfield expansion by $10 million, bringing the total to around $70 million for 2024.
In terms of analyst notes, there have been no reported changes regarding the company's potential go-private deal with Digital Bridge and Crestview. Furthermore, the company anticipates providing clarity on 2025 projections in the next earnings call. These are some of the recent developments shaping WOW's strategic and financial landscape.
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