Burgundy Asset Management Ltd. Acquires 19,545 Shares of Cable One, Inc. (NYSE:CABO)

Burgundy Asset Management Ltd. boosted its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 316,384 shares of the company's stock after buying an additional 19,545 shares during the period. Burgundy Asset Management Ltd. owned approximately 5.63% of Cable One worth $114,569,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rothschild & Co Wealth Management UK Ltd grew its holdings in shares of Cable One by 1.5% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company's stock worth $106,608,000 after purchasing an additional 4,352 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Cable One by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock worth $60,386,000 after purchasing an additional 10,211 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Cable One by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock worth $31,423,000 after buying an additional 7,055 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Cable One in the 4th quarter valued at $28,129,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Cable One by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company's stock valued at $26,439,000 after buying an additional 2,627 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CABO. Raymond James lowered shares of Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. KeyCorp reaffirmed a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. JPMorgan Chase & Co. dropped their target price on Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Finally, Wells Fargo & Company cut their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th.

Insider Transactions at Cable One

In other news, Director Wallace R. Weitz bought 1,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the transaction, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. The trade was a 21.82% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.90% of the company's stock.

Cable One Price Performance

CABO stock traded down $1.64 during trading on Wednesday, hitting $156.42. 49,938 shares of the stock traded hands, compared to its average volume of 171,823. The stock has a market cap of $880.30 million, a price-to-earnings ratio of 3.62 and a beta of 1.00. Cable One, Inc. has a one year low of $140.69 and a one year high of $436.99. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The company has a 50 day simple moving average of $225.77 and a 200 day simple moving average of $297.59.

Cable One (NYSE:CABO - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.21 by $0.11. The company 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 analysts expect 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.