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

GAMMA Investing LLC lifted its holdings 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 disclosure with the Securities & Exchange Commission. The institutional investor owned 48,104 shares of the company's stock after acquiring an additional 47,908 shares during the quarter. GAMMA Investing LLC owned approximately 0.85% of Cable One worth $12,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. KBC Group NV raised its holdings in Cable One by 45.0% in the 4th quarter. KBC Group NV now owns 232 shares of the company's stock worth $84,000 after purchasing an additional 72 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Cable One by 5.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company's stock valued at $8,568,000 after buying an additional 1,297 shares during the period. Empowered Funds LLC purchased a new position in shares of Cable One during the fourth quarter valued at about $215,000. Principal Financial Group Inc. raised its stake in Cable One by 4.9% in the fourth quarter. Principal Financial Group Inc. now owns 28,572 shares of the company's stock worth $10,346,000 after buying an additional 1,332 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in Cable One by 10.6% in the fourth quarter. Sanctuary Advisors LLC now owns 1,598 shares of the company's stock worth $579,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analyst Weigh In

CABO has been the topic of several research reports. KeyCorp reaffirmed a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price 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. Raymond James lowered Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company decreased their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a report on Friday, February 28th.

Cable One Stock Up 7.7%

NYSE:CABO traded up $10.46 during mid-day trading on Tuesday, hitting $146.33. 201,221 shares of the company's stock were exchanged, compared to its average volume of 132,019. The company has a market cap of $823.55 million, a PE ratio of 3.38 and a beta of 0.82. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. Cable One, Inc. has a one year low of $134.66 and a one year high of $437.00. The business has a fifty day moving average price of $200.99 and a 200 day moving average price of $279.47.

Cable One (NYSE:CABO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.21 by $0.11. The firm had revenue of $380.60 million during the quarter, compared to analyst estimates of $386.61 million. Cable One had a net margin of 15.86% and a return on equity of 10.98%. Equities analysts predict that Cable One, Inc. will post 32.08 EPS for the current year.

Cable One 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.