Charles Schwab Investment Management Inc. Has $25.09 Million Position in Cable One, Inc. $CABO

Key Points

• Charles Schwab Investment Management Inc. increased its ownership in Cable One by 8.8% by acquiring 7,635 shares, bringing its total stake to approximately 1.68%, valued at about $25 million.
• Analysts have varied opinions on Cable One's stock, with Wells Fargo reducing their price target significantly from $210 to $120, while BNP Paribas raised their rating to "neutral" with a target of $125.
• Insider trading activity includes significant purchases by directors, with one director's acquisition of 7,000 shares representing a 69% increase in their holdings.

Charles Schwab Investment Management Inc. increased its stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 8.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,411 shares of the company's stock after acquiring an additional 7,635 shares during the period. Charles Schwab Investment Management Inc. owned about 1.68% of Cable One worth $25,092,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CABO. Mariner LLC bought a new stake in Cable One during the fourth quarter worth about $224,000. Dimensional Fund Advisors LP raised its holdings in Cable One by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock worth $60,386,000 after acquiring an additional 10,211 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Cable One by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 3,448 shares of the company's stock worth $1,249,000 after acquiring an additional 189 shares in the last quarter. Nebula Research & Development LLC raised its holdings in Cable One by 391.7% during the fourth quarter. Nebula Research & Development LLC now owns 3,383 shares of the company's stock worth $1,225,000 after acquiring an additional 2,695 shares in the last quarter. Finally, Three Seasons Wealth LLC bought a new stake in Cable One during the fourth quarter worth about $447,000. Institutional investors own 89.92% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on CABO. KeyCorp restated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their price objective on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company dropped their price objective on Cable One from $210.00 to $120.00 and set an "underweight" rating on the stock in a research note on Friday, August 1st. BNP Paribas upgraded Cable One from a "strong sell" rating to a "hold" rating in a research note on Monday, June 16th. Finally, Raymond James Financial lowered Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Cable One currently has a consensus rating of "Reduce" and a consensus target price of $279.25.

Insider Activity at Cable One

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

Cable One Stock Performance

Shares of Cable One stock traded up $10.3440 on Friday, hitting $163.5640. The stock had a trading volume of 146,912 shares, compared to its average volume of 200,830. Cable One, Inc. has a twelve month low of $117.54 and a twelve month high of $436.99. The business's 50 day moving average is $137.74 and its two-hundred day moving average is $196.89. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.16. The stock has a market cap of $920.87 million, a price-to-earnings ratio of -1.85 and a beta of 0.79.

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

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.