Burgundy Asset Management Ltd. raised its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 316,384 shares of the company's stock after buying an additional 19,545 shares during the quarter. Burgundy Asset Management Ltd. owned about 5.63% of Cable One worth $114,569,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC purchased a new position in shares of Cable One in the fourth quarter worth about $49,000. Sound Income Strategies LLC purchased a new position in shares of Cable One in the fourth quarter worth about $50,000. Federated Hermes Inc. raised 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 purchasing an additional 111 shares during the last quarter. KBC Group NV raised its stake in shares of Cable One by 45.0% in the fourth quarter. KBC Group NV now owns 232 shares of the company's stock worth $84,000 after purchasing an additional 72 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Cable One by 523.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock worth $95,000 after purchasing an additional 220 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CABO has been the subject of several research analyst reports. Raymond James cut Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. KeyCorp reiterated a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced 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. Finally, Wells Fargo & Company reduced their price target 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.
Read Our Latest Stock Report on Cable One
Cable One Price Performance
CABO traded up $6.54 during trading on Tuesday, hitting $158.23. The company's stock had a trading volume of 214,007 shares, compared to its average volume of 126,638. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One, Inc. has a twelve month low of $140.69 and a twelve month high of $437.00. The business's fifty day simple moving average is $227.71 and its 200 day simple moving average is $298.57. The firm has a market capitalization of $890.52 million, a price-to-earnings ratio of 3.66 and a beta of 1.00.
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, beating the consensus estimate of $12.21 by $0.11. Cable One had a return on equity of 10.98% and a net margin of 15.86%. The company had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. On average, equities research analysts forecast that Cable One, Inc. will post 32.08 EPS for the current fiscal year.
Insider Buying and Selling at Cable One
In other news, Director Wallace R. Weitz purchased 1,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average cost of $244.02 per share, with a total value of $244,020.00. Following the completion of the purchase, the director now directly owns 5,584 shares of the company's stock, valued at approximately $1,362,607.68. The trade was a 21.82% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.90% of the stock is owned by corporate insiders.
About Cable One
(
Free Report)
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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