Cable One, Inc. (NYSE:CABO) Director Mary E. Meduski Purchases 250 Shares

Cable One, Inc. (NYSE:CABO - Get Free Report) Director Mary E. Meduski acquired 250 shares of the stock in a transaction dated Wednesday, June 11th. The shares were bought at an average cost of $148.00 per share, with a total value of $37,000.00. Following the transaction, the director now directly owns 3,599 shares of the company's stock, valued at $532,652. This represents a 7.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Cable One Stock Performance

Shares of CABO traded up $1.85 during mid-day trading on Friday, hitting $132.13. 254,144 shares of the company's stock were exchanged, compared to its average volume of 134,511. Cable One, Inc. has a 52 week low of $130.08 and a 52 week high of $437.00. The stock's 50-day simple moving average is $194.05 and its 200-day simple moving average is $273.45. The firm has a market cap of $743.63 million, a price-to-earnings ratio of 3.06 and a beta of 0.82. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One (NYSE:CABO - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping the consensus estimate of $12.21 by $0.11. Cable One had a net margin of 15.86% and a return on equity of 10.98%. The company had revenue of $380.60 million for the quarter, compared to analysts' expectations of $386.61 million. On average, equities research analysts expect that Cable One, Inc. will post 32.08 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on CABO shares. Wells Fargo & Company cut their price objective on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th. Raymond James downgraded shares of Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. KeyCorp restated a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CABO. Canada Pension Plan Investment Board increased its stake in Cable One by 57.0% in the first quarter. Canada Pension Plan Investment Board now owns 323,300 shares of the company's stock valued at $85,923,000 after acquiring an additional 117,389 shares during the last quarter. Clarkston Capital Partners LLC increased its stake in Cable One by 34.2% in the first quarter. Clarkston Capital Partners LLC now owns 357,192 shares of the company's stock valued at $94,931,000 after acquiring an additional 90,934 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Cable One by 27.2% in the first quarter. Burgundy Asset Management Ltd. now owns 402,403 shares of the company's stock valued at $106,947,000 after acquiring an additional 86,019 shares during the last quarter. Raymond James Financial Inc. bought a new position in Cable One in the fourth quarter valued at approximately $28,129,000. Finally, Pacer Advisors Inc. increased its stake in Cable One by 14,346.4% in the first quarter. Pacer Advisors Inc. now owns 59,808 shares of the company's stock valued at $15,895,000 after acquiring an additional 59,394 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Cable One Company 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.