Brown Advisory Inc. Increases Stock Position in Cable One, Inc. (NYSE:CABO)

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

A number of other large investors also recently bought and sold shares of the business. AlphaQuest LLC purchased a new position in shares of Cable One in the 4th quarter worth approximately $49,000. Farther Finance Advisors LLC lifted its holdings in shares of Cable One by 1,435.7% during the 1st quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock valued at $58,000 after purchasing an additional 201 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Cable One by 201.8% in the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after purchasing an additional 111 shares in the last quarter. Spire Wealth Management boosted its position in shares of Cable One by 21.3% in the 1st quarter. Spire Wealth Management now owns 382 shares of the company's stock worth $102,000 after purchasing an additional 67 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in 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.

Insider Transactions at Cable One

In other Cable One news, Director Mary E. Meduski bought 250 shares of Cable One stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average cost of $148.00 per share, with a total value of $37,000.00. Following the purchase, the director directly owned 3,599 shares in the company, valued at $532,652. This represents a 7.46% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Wallace R. Weitz purchased 7,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average cost of $132.53 per share, with a total value of $927,710.00. Following the acquisition, 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 disclosure for this purchase can be found here. In the last quarter, insiders acquired 7,400 shares of company stock valued at $984,342. Insiders own 0.90% of the company's stock.

Analyst Ratings Changes

CABO has been the topic of a number of research analyst reports. BNP Paribas Exane upgraded Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price target on the stock in a research note on Monday, June 16th. KeyCorp reaffirmed a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. BNP Paribas raised shares of Cable One from a "strong sell" rating to a "hold" rating in a report on Monday, June 16th. Raymond James Financial lowered Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. dropped their price target 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. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, Cable One currently has a consensus rating of "Hold" and a consensus target price of $309.25.

Cable One Price Performance

Shares of CABO opened at $132.93 on Thursday. The business's 50-day moving average is $147.76 and its two-hundred day moving average is $241.94. The company has a market capitalization of $748.40 million, a P/E ratio of -52.96 and a beta of 0.81. Cable One, Inc. has a fifty-two week low of $121.37 and a fifty-two week high of $437.00. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.36 and a current ratio of 0.36.

Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping 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. Research analysts predict that Cable One, Inc. will post 32.08 earnings per share for the current 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.

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