Cable One, Inc. (NYSE:CABO) Holdings Raised by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its holdings in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 19.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,349 shares of the company's stock after buying an additional 4,689 shares during the period. Kingsview Wealth Management LLC owned about 0.50% of Cable One worth $7,534,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wedge Capital Management L L P NC bought a new position in shares of Cable One during the first quarter valued at approximately $1,745,000. Janus Henderson Group PLC lifted its position in Cable One by 23.0% during the fourth quarter. Janus Henderson Group PLC now owns 14,090 shares of the company's stock valued at $5,101,000 after acquiring an additional 2,633 shares during the last quarter. DAVENPORT & Co LLC lifted its position in Cable One by 16.8% during the first quarter. DAVENPORT & Co LLC now owns 69,578 shares of the company's stock valued at $18,631,000 after acquiring an additional 9,989 shares during the last quarter. Northern Trust Corp lifted its position in Cable One by 18.7% during the fourth quarter. Northern Trust Corp now owns 66,507 shares of the company's stock valued at $24,084,000 after acquiring an additional 10,493 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in Cable One by 51.3% during the fourth quarter. Quantinno Capital Management LP now owns 8,610 shares of the company's stock valued at $3,118,000 after acquiring an additional 2,918 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Transactions at Cable One

In other Cable One news, Director Mary E. Meduski purchased 250 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were 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 of the company's stock, valued at approximately $532,652. This represents a 7.46% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wallace R. Weitz bought 7,000 shares of Cable One stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average price of $132.53 per share, for a total transaction of $927,710.00. Following the acquisition, the director directly owned 17,140 shares in the company, valued at approximately $2,271,564.20. This represents a 69.03% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 7,400 shares of company stock worth $984,342. 0.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on CABO shares. BNP Paribas Exane raised shares of Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price objective on the stock in a report on Monday, June 16th. JPMorgan Chase & Co. dropped their price objective on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. BNP Paribas raised shares of Cable One from a "strong sell" rating to a "hold" rating in a report on Monday, June 16th. KeyCorp reaffirmed a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. Finally, Raymond James Financial downgraded shares of Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $309.25.

Cable One Stock Up 3.9%

CABO stock traded up $4.88 during midday trading on Friday, hitting $128.73. The company's stock had a trading volume of 340,344 shares, compared to its average volume of 140,921. The firm has a market capitalization of $724.75 million, a P/E ratio of -51.29 and a beta of 0.81. The firm has a 50-day simple moving average of $139.47 and a 200-day simple moving average of $230.22. Cable One, Inc. has a 52-week low of $117.54 and a 52-week high of $437.00. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.66.

Cable One (NYSE:CABO - Get Free Report) last posted its earnings results 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 firm had revenue of $380.60 million during the quarter, compared to analysts' expectations 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, equities analysts forecast that Cable One, Inc. will post 32.08 EPS for the current year.

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.