SCHEDULE: LB Partners Cuts WOW! Stake Below 5%

LB Partners and its affiliated funds have reduced their beneficial ownership in WideOpenWest, Inc. to below 5% through recent share sales.

Summary

• The reporting persons, including LB Partners, LLC, LB M3 Partners LP, LB Rule One Partners LP, LB Day Zero Partners LP, and Charles P. Cocke Jr., ceased to be beneficial owners of more than 5% of WideOpenWest, Inc. common stock as of August 12, 2025.
• Their aggregate beneficial ownership in WideOpenWest, Inc. is now 4,199,033 shares, representing 4.9% of the outstanding common stock.
• This percentage is calculated based on 85,767,970 shares of common stock outstanding as of August 5, 2025, as reported by WideOpenWest, Inc. in its Quarterly Report on Form 10-Q.
• LB M3 Partners LP sold 1,500 shares on July 14, 2025, at a weighted-average price of $3.9400.
• LB M3 Partners LP sold an additional 709,500 shares on August 12, 2025, at a weighted-average price of $5.0462.
• LB Day Zero Partners LP purchased 59,904 shares on August 8, 2025, at $3.1885.
• LB Day Zero Partners LP purchased 38,658 shares on August 11, 2025, at $3.3075.
• LB Day Zero Partners LP sold 1,900,000 shares on August 12, 2025, at a weighted-average price of $5.0429.

Sentiment

Score: 4

Explanation: The reduction of a significant institutional stake below the 5% threshold could be perceived negatively by the market, signaling a decrease in conviction from a major holder. However, the sales occurred at higher prices than recent purchases, suggesting profit-taking.

Negatives

• The reduction of a significant institutional stake below the 5% threshold could be perceived negatively by the market, signaling a decrease in conviction from a major holder.

Future Outlook

NA

Industry Context

This Schedule 13D amendment primarily details a change in beneficial ownership by an institutional investor group in WideOpenWest, Inc., a company operating in the competitive broadband and telecommunications industry. The filing does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: May interpret the reduction in a significant institutional stake as a negative signal, potentially impacting stock price.

Key Dates

Recommendation

The filing indicates a significant institutional investor has reduced its stake in WideOpenWest, Inc. below the 5% threshold. While this suggests a decrease in conviction from this specific holder, the sales were executed at prices higher than recent purchases, indicating profit-taking rather than a fundamental negative outlook on the company. Without additional information on the company's operational performance or strategic direction, this event alone does not warrant a strong buy or sell recommendation. Investors should hold and monitor future developments and the company's financial performance.

Keywords

WideOpenWest, WOW, LB Partners, Schedule 13D, beneficial ownership, stock sales, institutional investor, telecommunications, broadband