Brown Advisory Inc. Has $34.97 Million Holdings in Cable One, Inc. (NYSE:CABO)

Brown Advisory Inc. raised its position in Cable One, Inc. (NYSE:CABO - Free Report) by 47.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,576 shares of the company's stock after acquiring an additional 42,606 shares during the quarter. Brown Advisory Inc. owned 2.34% of Cable One worth $34,969,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CABO. AlphaQuest LLC acquired a new stake in Cable One in the fourth quarter valued at approximately $49,000. Farther Finance Advisors LLC increased its stake in shares of Cable One by 1,435.7% in the first quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock worth $58,000 after buying an additional 201 shares during the last quarter. Federated Hermes Inc. increased 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 buying an additional 111 shares during the last quarter. Spire Wealth Management increased its stake in shares of Cable One by 21.3% in the first quarter. Spire Wealth Management now owns 382 shares of the company's stock worth $102,000 after buying an additional 67 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Cable One by 18.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 418 shares of the company's stock worth $151,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Activity

In other news, Director Wallace R. Weitz purchased 7,000 shares of the stock in a transaction that occurred 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 purchase, the director owned 17,140 shares in the company, valued at $2,271,564.20. This represents a 69.03% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary E. Meduski bought 250 shares of Cable One stock in a transaction that occurred on Wednesday, June 11th. The stock was bought 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 owned 3,599 shares in the company, valued at approximately $532,652. The trade was a 7.46% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 7,400 shares of company stock worth $984,342. 0.90% of the stock is owned by company insiders.

Cable One Stock Performance

Shares of NYSE CABO traded down $6.54 during midday trading on Friday, reaching $126.17. 70,851 shares of the company traded hands, compared to its average volume of 138,940. Cable One, Inc. has a 52 week low of $121.37 and a 52 week high of $437.00. The stock has a 50-day moving average price of $145.14 and a 200 day moving average price of $240.32. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market cap of $710.34 million, a price-to-earnings ratio of -50.27 and a beta of 0.81.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. BNP Paribas upgraded shares of Cable One from a "strong sell" rating to a "hold" rating in a research note on Monday, June 16th. BNP Paribas Exane raised shares of Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price objective for the company in a report on Monday, June 16th. Raymond James Financial downgraded shares of Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Finally, KeyCorp reissued a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, Cable One currently has an average rating of "Hold" and a consensus price target of $309.25.

Cable One 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.