Brown Advisory Inc. lowered its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,970 shares of the company's stock after selling 6,330 shares during the quarter. Brown Advisory Inc. owned about 1.58% of Cable One worth $32,218,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of CABO. Ancora Advisors LLC acquired a new position in shares of Cable One during the fourth quarter valued at about $235,000. AXA S.A. bought a new stake in Cable One during the 4th quarter worth approximately $3,156,000. Northern Trust Corp increased its holdings in Cable One by 18.7% during the 4th quarter. Northern Trust Corp now owns 66,507 shares of the company's stock worth $24,084,000 after purchasing an additional 10,493 shares in the last quarter. Three Seasons Wealth LLC purchased a new stake in shares of Cable One in the fourth quarter worth approximately $447,000. Finally, Nebula Research & Development LLC lifted its holdings in shares of Cable One by 391.7% in the fourth quarter. Nebula Research & Development LLC now owns 3,383 shares of the company's stock valued at $1,225,000 after purchasing an additional 2,695 shares in the last quarter. Institutional investors own 89.92% of the company's stock.
Insider Activity at Cable One
In related news, Director Wallace R. Weitz purchased 1,000 shares of Cable One stock in a transaction dated Tuesday, March 4th. The stock was bought at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the transaction, the director now owns 5,584 shares in the company, valued at $1,362,607.68. This trade represents a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on CABO shares. JPMorgan Chase & Co. decreased their price target on Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Raymond James cut shares of Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. KeyCorp reiterated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. Finally, Wells Fargo & Company cut their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th.
View Our Latest Analysis on CABO
Cable One Stock Performance
Shares of CABO stock traded down $7.17 during trading hours on Friday, hitting $165.85. 188,630 shares of the company were exchanged, compared to its average volume of 120,846. Cable One, Inc. has a 52-week low of $150.00 and a 52-week high of $437.00. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm has a fifty day simple moving average of $249.81 and a 200 day simple moving average of $314.67. The stock has a market capitalization of $933.40 million, a price-to-earnings ratio of 3.84 and a beta of 1.00.
Cable One (NYSE:CABO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.21 by $0.11. The business had revenue of $380.60 million for the quarter, compared to analysts' expectations of $386.61 million. Cable One had a return on equity of 10.98% and a net margin of 15.86%. Research analysts predict that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.
About Cable One
(
Free Report)
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.
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