Bank of New York Mellon Corp Has $13.91 Million Holdings in Cable One, Inc. (NYSE:CABO)

Bank of New York Mellon Corp decreased its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 28.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,349 shares of the company's stock after selling 20,664 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.93% of Cable One worth $13,913,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Wedge Capital Management L L P NC acquired a new position in Cable One in the 1st quarter worth about $1,745,000. Janus Henderson Group PLC raised its holdings in Cable One by 23.0% in the 4th 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 during the period. DAVENPORT & Co LLC raised its holdings in shares of Cable One by 16.8% during the first quarter. DAVENPORT & Co LLC now owns 69,578 shares of the company's stock valued at $18,631,000 after acquiring an additional 9,989 shares during the last quarter. Northern Trust Corp raised 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 acquiring an additional 10,493 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Cable One by 51.3% during the fourth quarter. Quantinno Capital Management LP now owns 8,610 shares of the company's stock valued at $3,118,000 after acquiring an additional 2,918 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Transactions at Cable One

In other Cable One news, Director Wallace R. Weitz purchased 7,000 shares of Cable One stock in a transaction that occurred on Friday, June 13th. The stock was acquired at an average price of $132.53 per share, for a total transaction of $927,710.00. Following the completion of the acquisition, the director owned 17,140 shares of the company's stock, valued at approximately $2,271,564.20. This trade represents a 69.03% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary E. Meduski acquired 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 acquisition, the director owned 3,599 shares of the company's stock, valued at approximately $532,652. This trade represents a 7.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 7,400 shares of company stock valued at $984,342 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on CABO shares. KeyCorp restated a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. Raymond James Financial lowered Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. 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 research report on Tuesday, May 6th. BNP Paribas upgraded Cable One from a "strong sell" rating to a "hold" rating in a research report on Monday, June 16th. Finally, BNP Paribas Exane upgraded Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price target for the company in a research report on Monday, June 16th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $309.25.

Cable One Trading Up 5.9%

NYSE:CABO traded up $8.80 during trading hours on Wednesday, hitting $158.80. 256,714 shares of the stock were exchanged, compared to its average volume of 142,734. The company's 50 day moving average is $138.52 and its two-hundred day moving average is $226.19. Cable One, Inc. has a twelve month low of $117.54 and a twelve month high of $437.00. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $894.02 million, a P/E ratio of -63.26 and a beta of 0.81.

Cable One (NYSE:CABO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $12.32 earnings per share for the quarter, topping analysts' consensus estimates of $12.21 by $0.11. The business had revenue of $380.60 million during the quarter, compared to the consensus estimate of $386.61 million. Cable One had a negative net margin of 0.69% and a positive return on equity of 9.38%. On average, sell-side analysts anticipate that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

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.