Vanguard Group Inc. Has $143.39 Million Holdings in Cable One, Inc. $CABO

Key Points

• Vanguard Group Inc. reduced its holdings in Cable One, Inc. by 6.0%, selling 34,380 shares and owning 539,540 shares worth approximately $143.39 million at the end of the quarter.
• Cable One's latest earnings report showed a loss of $5.00 EPS from the expected earnings, with a revenue of $381.07 million which slightly exceeded estimates.
• Several analysts have revised their target prices for Cable One, with JPMorgan downgraded their target from $325.00 to $222.00, while Wells Fargo set a new target at $120.00.

Vanguard Group Inc. decreased its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 539,540 shares of the company's stock after selling 34,380 shares during the period. Vanguard Group Inc. owned about 9.59% of Cable One worth $143,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of Cable One by 14,346.4% in the first quarter. Pacer Advisors Inc. now owns 59,808 shares of the company's stock worth $15,895,000 after acquiring an additional 59,394 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Cable One by 24,442.9% in the first quarter. GAMMA Investing LLC now owns 48,104 shares of the company's stock worth $12,785,000 after acquiring an additional 47,908 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Cable One by 47.9% in the first quarter. Brown Advisory Inc. now owns 131,576 shares of the company's stock worth $34,969,000 after acquiring an additional 42,606 shares during the last quarter. Private Management Group Inc. raised its stake in shares of Cable One by 34.3% in the first quarter. Private Management Group Inc. now owns 152,567 shares of the company's stock worth $40,548,000 after acquiring an additional 38,965 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its stake in shares of Cable One by 6.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 316,384 shares of the company's stock worth $114,569,000 after acquiring an additional 19,545 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CABO. BNP Paribas Exane raised shares of Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 target price for the company in a research note on Monday, June 16th. Wells Fargo & Company dropped their target price on shares of Cable One from $210.00 to $120.00 and set an "underweight" rating for the company in a research note on Friday, August 1st. BNP Paribas raised shares of Cable One from a "strong sell" rating to a "hold" rating in a research note on Monday, June 16th. Raymond James Financial downgraded shares of 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 shares of Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $279.25.

Cable One Trading Up 6.8%

Shares of CABO traded up $10.3440 on Friday, reaching $163.5640. 146,912 shares of the company's stock were exchanged, compared to its average volume of 200,830. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $920.87 million, a P/E ratio of -1.85 and a beta of 0.79. The business has a 50 day moving average price of $137.74 and a two-hundred day moving average price of $196.89. Cable One, Inc. has a 12 month low of $117.54 and a 12 month high of $436.99.

Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $3.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.23 by ($5.00). The firm had revenue of $381.07 million for the quarter, compared to analyst estimates of $379.81 million. Cable One had a negative net margin of 32.18% and a positive return on equity of 8.40%. During the same quarter in the prior year, the firm posted $10.29 EPS. Research analysts anticipate that Cable One, Inc. will post 32.08 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Mary E. Meduski acquired 250 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average price of $148.00 per share, for a total transaction of $37,000.00. Following the completion of the acquisition, the director owned 3,599 shares in the company, valued at $532,652. This trade represents a 7.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Wallace R. Weitz acquired 7,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average price of $132.53 per share, with a total value of $927,710.00. Following the acquisition, the director owned 17,140 shares of the company's stock, valued at approximately $2,271,564.20. This trade represents a 69.03% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 7,400 shares of company stock valued at $984,342. Corporate insiders own 0.90% of the company's stock.

Cable One Company 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.