Wedge Capital Management L L P NC Takes $1.75 Million Position in Cable One, Inc. (NYSE:CABO)

Wedge Capital Management L L P NC purchased a new position in shares of Cable One, Inc. (NYSE:CABO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. AlphaQuest LLC purchased a new position in shares of Cable One in the fourth quarter valued at $49,000. Federated Hermes Inc. grew its stake in shares of Cable One by 201.8% in the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after purchasing an additional 111 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in Cable One by 79.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 314 shares of the company's stock valued at $113,000 after acquiring an additional 139 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Cable One by 15.5% during the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company's stock worth $124,000 after acquiring an additional 46 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Cable One by 18.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 418 shares of the company's stock valued at $151,000 after buying an additional 65 shares in the last quarter. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

CABO has been the topic of a number of recent research reports. 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. JPMorgan Chase & Co. decreased their target price on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Raymond James downgraded Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. Finally, KeyCorp reissued a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd.

Cable One Stock Up 1.4%

NYSE CABO traded up $1.85 on Friday, hitting $132.13. The stock had a trading volume of 254,144 shares, compared to its average volume of 133,871. The business's fifty day moving average price is $196.18 and its 200 day moving average price is $276.44. The stock has a market cap of $743.63 million, a price-to-earnings ratio of 3.06 and a beta of 0.82. Cable One, Inc. has a 52-week low of $127.04 and a 52-week high of $437.00. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93.

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

Insiders Place Their Bets

In other news, Director Mary E. Meduski acquired 250 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was bought at an average cost of $148.00 per share, for a total transaction of $37,000.00. Following the purchase, the director now owns 3,599 shares in the company, valued at approximately $532,652. This represents a 7.46% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.90% of the company's stock.

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.