DAVENPORT & Co LLC Has $18.63 Million Position in Cable One, Inc. (NYSE:CABO)

DAVENPORT & Co LLC raised its position in Cable One, Inc. (NYSE:CABO - Free Report) by 16.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,578 shares of the company's stock after purchasing an additional 9,989 shares during the quarter. DAVENPORT & Co LLC owned about 1.24% of Cable One worth $18,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. AlphaQuest LLC acquired a new stake in shares of Cable One in the fourth quarter valued at approximately $49,000. Farther Finance Advisors LLC raised its holdings in Cable One by 1,435.7% during the first quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock worth $58,000 after purchasing an additional 201 shares in the last quarter. Federated Hermes Inc. raised its holdings in Cable One by 201.8% during the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after purchasing an additional 111 shares in the last quarter. Spire Wealth Management raised its holdings in Cable One by 21.3% during the first quarter. Spire Wealth Management now owns 382 shares of the company's stock worth $102,000 after purchasing an additional 67 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in Cable One by 79.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 314 shares of the company's stock worth $113,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Price Performance

Cable One stock traded up $1.15 during mid-day trading on Friday, hitting $137.36. The company's stock had a trading volume of 117,831 shares, compared to its average volume of 137,880. 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 stock has a market capitalization of $773.06 million, a P/E ratio of -54.72 and a beta of 0.81. Cable One, Inc. has a twelve month low of $121.37 and a twelve month high of $437.00. The stock's fifty day moving average price is $156.06 and its two-hundred day moving average price is $245.90.

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

Insider Activity at Cable One

In other news, Director Mary E. Meduski acquired 250 shares of the stock in a transaction on Wednesday, June 11th. The shares were purchased at an average cost of $148.00 per share, for a total transaction of $37,000.00. Following the transaction, the director owned 3,599 shares in the company, valued at approximately $532,652. This trade represents a 7.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wallace R. Weitz bought 7,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were purchased at an average cost of $132.53 per share, for a total transaction 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 trade represents a 69.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 7,400 shares of company stock worth $984,342. 0.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CABO has been the topic of several recent analyst reports. BNP Paribas raised Cable One from a "strong sell" rating to a "hold" rating in a report on Monday, June 16th. BNP Paribas Exane raised Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 target price on the stock in a report on Monday, June 16th. JPMorgan Chase & Co. dropped their target price on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Raymond James Financial cut Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. Finally, KeyCorp reissued a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $309.25.

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.