Wallace R. Weitz Purchases 7,000 Shares of Cable One, Inc. (NYSE:CABO) Stock

Cable One, Inc. (NYSE:CABO - Get Free Report) Director Wallace R. Weitz purchased 7,000 shares of the stock in a transaction on Friday, June 13th. The stock was acquired at an average price of $132.53 per share, with a total value of $927,710.00. Following the acquisition, the director now directly owns 17,140 shares in the company, valued at $2,271,564.20. This trade represents a 69.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Cable One Stock Performance

Shares of Cable One stock traded down $1.92 on Monday, reaching $129.89. 242,183 shares of the company were exchanged, compared to its average volume of 134,942. The firm has a market cap of $731.00 million, a price-to-earnings ratio of 3.00 and a beta of 0.82. Cable One, Inc. has a 1-year low of $129.62 and a 1-year high of $437.00. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The company's 50-day moving average is $194.05 and its two-hundred day moving average is $272.42.

Cable One (NYSE:CABO - Get Free Report) last posted its earnings results 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 company 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%. As a group, research analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wedge Capital Management L L P NC bought a new stake in shares of Cable One during the first quarter valued at approximately $1,745,000. Raymond James Financial Inc. bought a new stake in Cable One during the 4th quarter valued at $28,129,000. Charles Schwab Investment Management Inc. boosted its position in Cable One by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock worth $31,423,000 after acquiring an additional 7,055 shares during the period. Janus Henderson Group PLC grew its stake in shares of Cable One by 23.0% in the fourth quarter. Janus Henderson Group PLC now owns 14,090 shares of the company's stock worth $5,101,000 after purchasing an additional 2,633 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Cable One by 18.7% during the fourth quarter. Northern Trust Corp now owns 66,507 shares of the company's stock valued at $24,084,000 after purchasing an additional 10,493 shares during the period. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

CABO has been the topic of several recent analyst reports. BNP Paribas Exane raised shares of Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price target on the stock in a report on Monday. Wells Fargo & Company reduced their price target on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th. 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 research note on Tuesday, May 6th. Raymond James cut Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. Finally, KeyCorp reiterated a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $309.25.

About Cable One

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.