GAMMA Investing LLC Boosts Stock Position in Cable One, Inc. (NYSE:CABO)

GAMMA Investing LLC increased its stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 24,442.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,104 shares of the company's stock after buying an additional 47,908 shares during the quarter. GAMMA Investing LLC owned about 0.85% of Cable One worth $12,785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Burgundy Asset Management Ltd. grew its holdings in Cable One by 6.6% in the 4th quarter. Burgundy Asset Management Ltd. now owns 316,384 shares of the company's stock valued at $114,569,000 after buying an additional 19,545 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Cable One by 6.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock valued at $60,386,000 after purchasing an additional 10,211 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Cable One by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock valued at $31,423,000 after purchasing an additional 7,055 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Cable One in the 4th quarter valued at approximately $28,129,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Cable One by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company's stock valued at $26,439,000 after purchasing an additional 2,627 shares during the last quarter. Institutional investors own 89.92% of the company's stock.

Cable One Price Performance

Shares of CABO traded up $0.60 during trading hours on Friday, reaching $136.55. 189,888 shares of the company's stock traded hands, compared to its average volume of 130,733. The stock has a market cap of $768.50 million, a PE ratio of 3.16 and a beta of 0.82. 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 12 month low of $134.66 and a 12 month high of $437.00. The firm's 50 day simple moving average is $206.19 and its 200-day simple moving average is $284.03.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $12.32 earnings per share 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. Equities analysts expect that Cable One, Inc. will post 32.08 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.