6,567 Shares in Cable One, Inc. (NYSE:CABO) Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC purchased a new position in shares of Cable One, Inc. (NYSE:CABO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,567 shares of the company's stock, valued at approximately $1,745,000. Wedge Capital Management L L P NC owned approximately 0.12% of Cable One as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CABO. Raymond James Financial Inc. purchased a new stake in Cable One during the 4th quarter worth approximately $28,129,000. GAMMA Investing LLC increased its holdings in shares of Cable One by 24,442.9% in the 1st quarter. GAMMA Investing LLC now owns 48,104 shares of the company's stock valued at $12,785,000 after acquiring an additional 47,908 shares during the last quarter. Norges Bank bought a new stake in shares of Cable One in the 4th quarter valued at approximately $11,993,000. Proficio Capital Partners LLC bought a new stake in shares of Cable One in the 4th quarter valued at approximately $10,491,000. Finally, Burgundy Asset Management Ltd. increased its holdings in shares of Cable One by 6.6% in the 4th quarter. Burgundy Asset Management Ltd. now owns 316,384 shares of the company's stock valued at $114,569,000 after acquiring an additional 19,545 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Cable One news, Director Wallace R. Weitz purchased 7,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average cost of $132.53 per share, with a total value of $927,710.00. Following the completion of the transaction, the director now owns 17,140 shares of the company's stock, valued at approximately $2,271,564.20. This represents a 69.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary E. Meduski purchased 250 shares of Cable One stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average price of $148.00 per share, with a total value of $37,000.00. Following the completion of the acquisition, the director now owns 3,599 shares in the company, valued at $532,652. The trade was a 7.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CABO shares. JPMorgan Chase & Co. lowered 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. KeyCorp reiterated a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. Wells Fargo & Company lowered their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research note on Friday, February 28th. Finally, Raymond James downgraded Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd.

Cable One Stock Performance

CABO stock traded up $1.85 during trading on Friday, reaching $132.13. 254,144 shares of the company's stock were exchanged, compared to its average volume of 134,511. 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, Inc. has a 1-year low of $130.08 and a 1-year high of $437.00. The company's fifty day moving average price is $194.05 and its 200-day moving average price is $273.45. The firm has a market cap of $743.63 million, a PE ratio of 3.06 and a beta of 0.82.

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

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.