Axa S.A. Buys New Position in Cable One, Inc. (NYSE:CABO)

AXA S.A. bought a new stake in Cable One, Inc. (NYSE:CABO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,715 shares of the company's stock, valued at approximately $3,156,000. AXA S.A. owned about 0.16% of Cable One as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB grew its position in Cable One by 5.6% in the fourth quarter. Nordea Investment Management AB now owns 22,056 shares of the company's stock valued at $7,984,000 after purchasing an additional 1,179 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Cable One by 523.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock valued at $95,000 after acquiring an additional 220 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd raised its holdings in Cable One by 1.5% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company's stock worth $106,608,000 after acquiring an additional 4,352 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Cable One during the fourth quarter valued at approximately $50,000. Finally, KBC Group NV grew its stake in Cable One by 45.0% in the fourth quarter. KBC Group NV now owns 232 shares of the company's stock valued at $84,000 after purchasing an additional 72 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Trading Down 4.1 %

Shares of Cable One stock traded down $7.17 on Friday, hitting $165.85. The stock had a trading volume of 188,630 shares, compared to its average volume of 120,846. The firm has a market capitalization of $933.40 million, a P/E ratio of 3.84 and a beta of 1.00. The stock has a 50 day moving average of $249.81 and a 200 day moving average of $314.67. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. Cable One, Inc. has a twelve month low of $150.00 and a twelve month high of $437.00.

Cable One (NYSE:CABO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share for the quarter, beating analysts' consensus estimates of $12.21 by $0.11. The business had revenue of $380.60 million during the quarter, compared to the consensus estimate of $386.61 million. Cable One had a net margin of 15.86% and a return on equity of 10.98%. Sell-side analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CABO. Raymond James cut shares of Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. KeyCorp restated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company reduced their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a report on Friday, February 28th.

Insider Buying and Selling at Cable One

In related news, Director Wallace R. Weitz acquired 1,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the purchase, the director now directly owns 5,584 shares of the company's stock, valued at $1,362,607.68. The trade was a 21.82 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.90% of the company's stock.

Cable One Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.