Cable One, Inc. (NYSE:CABO) Position Lessened by Markel Group Inc.

Markel Group Inc. lowered its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 76.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,900 shares of the company's stock after selling 39,000 shares during the period. Markel Group Inc. owned about 0.21% of Cable One worth $3,163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AlphaQuest LLC acquired a new stake in Cable One during the fourth quarter valued at approximately $49,000. Federated Hermes Inc. raised its position in shares of Cable One by 201.8% during the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after purchasing an additional 111 shares during the period. Farther Finance Advisors LLC raised its position in shares of Cable One by 1,435.7% during the 1st quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock worth $58,000 after purchasing an additional 201 shares during the period. Spire Wealth Management raised its position in shares of Cable One by 21.3% during the 1st quarter. Spire Wealth Management now owns 382 shares of the company's stock worth $102,000 after purchasing an additional 67 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Cable One by 18.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 418 shares of the company's stock worth $151,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

CABO has been the topic of a number of research reports. KeyCorp reiterated 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 on the stock in a research report on Tuesday, May 6th. Raymond James Financial cut Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. BNP Paribas upgraded Cable One from a "strong sell" rating to a "hold" rating in a research report on Monday, June 16th. Finally, BNP Paribas Exane upgraded Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 target price on the stock in a research report on Monday, June 16th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $309.25.

Cable One Price Performance

NYSE CABO traded up $4.88 on Friday, reaching $128.73. 340,344 shares of the stock traded hands, compared to its average volume of 140,921. The firm's fifty day simple moving average is $139.47 and its 200 day simple moving average is $230.22. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.66. The company has a market cap of $724.75 million, a price-to-earnings ratio of -51.29 and a beta of 0.81. Cable One, Inc. has a 12 month low of $117.54 and a 12 month high of $437.00.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $12.32 earnings per share for the quarter, topping the consensus estimate of $12.21 by $0.11. The business had revenue of $380.60 million during the quarter, compared to analyst estimates of $386.61 million. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. As a group, research analysts predict that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Insider Buying and Selling at Cable One

In related news, Director Mary E. Meduski acquired 250 shares of Cable One stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average cost of $148.00 per share, with a total value of $37,000.00. Following the purchase, the director directly owned 3,599 shares in the company, valued at $532,652. The trade was a 7.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Wallace R. Weitz acquired 7,000 shares of Cable One stock in a transaction dated Friday, June 13th. The shares were bought at an average cost of $132.53 per share, with a total value of $927,710.00. Following the completion of the purchase, the director owned 17,140 shares in the company, valued at approximately $2,271,564.20. This represents a 69.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 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.