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

Brown Advisory Inc. grew its holdings in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 47.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,576 shares of the company's stock after purchasing an additional 42,606 shares during the period. Brown Advisory Inc. owned approximately 2.34% of Cable One worth $34,969,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its position in Cable One by 22.5% in the first quarter. Crossmark Global Holdings Inc. now owns 1,243 shares of the company's stock worth $330,000 after acquiring an additional 228 shares in the last quarter. Principal Financial Group Inc. raised its position in Cable One by 2.6% in the first quarter. Principal Financial Group Inc. now owns 29,302 shares of the company's stock worth $7,788,000 after acquiring an additional 730 shares in the last quarter. DAVENPORT & Co LLC raised its position in Cable One by 16.8% in the first quarter. DAVENPORT & Co LLC now owns 69,578 shares of the company's stock worth $18,631,000 after acquiring an additional 9,989 shares in the last quarter. Marathon Asset Management Ltd increased its stake in Cable One by 1.5% in the 1st quarter. Marathon Asset Management Ltd now owns 55,521 shares of the company's stock worth $14,756,000 after purchasing an additional 819 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in Cable One by 21.3% during the 1st quarter. Spire Wealth Management now owns 382 shares of the company's stock worth $102,000 after buying an additional 67 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Wallace R. Weitz bought 7,000 shares of the firm's stock in a transaction on Friday, June 13th. The stock was purchased at an average price of $132.53 per share, with a total value of $927,710.00. Following the completion of the transaction, the director directly owned 17,140 shares of the company's stock, valued at $2,271,564.20. This trade represents a 69.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary E. Meduski purchased 250 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were acquired 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 of the company's stock, valued at approximately $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 have acquired 7,400 shares of company stock valued at $984,342 in the last ninety days. Company insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

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

Cable One Stock Down 5.9%

NYSE:CABO traded down $7.87 on Friday, hitting $124.84. 157,772 shares of the company's stock traded hands, compared to its average volume of 139,386. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.66. Cable One, Inc. has a 1 year low of $121.37 and a 1 year high of $437.00. The firm has a 50-day moving average price of $144.60 and a 200-day moving average price of $236.79. The company has a market cap of $702.83 million, a PE ratio of -49.74 and a beta of 0.81.

Cable One (NYSE:CABO - Get Free Report) last announced its quarterly earnings results 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 positive return on equity of 9.38% and a negative net margin of 0.69%. Equities analysts anticipate that Cable One, Inc. will post 32.08 EPS 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.