Forum Financial Management LP Makes New $630,000 Investment in Cable One, Inc. (NYSE:CABO)

Forum Financial Management LP bought a new stake in Cable One, Inc. (NYSE:CABO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,740 shares of the company's stock, valued at approximately $630,000.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Cable One during the 4th quarter worth $28,129,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Cable One by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock worth $31,423,000 after purchasing an additional 7,055 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Cable One by 23.0% in the fourth quarter. Janus Henderson Group PLC now owns 14,090 shares of the company's stock worth $5,101,000 after acquiring an additional 2,633 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Cable One by 18.7% in the fourth quarter. Northern Trust Corp now owns 66,507 shares of the company's stock worth $24,084,000 after acquiring an additional 10,493 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in 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 in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Buying and Selling

In other news, Director Wallace R. Weitz bought 1,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the purchase, the director now owns 5,584 shares of the company's stock, valued at approximately $1,362,607.68. The trade was a 21.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

Cable One Stock Performance

CABO stock traded down $0.91 during trading on Thursday, reaching $147.77. 181,615 shares of the stock were exchanged, compared to its average volume of 127,240. Cable One, Inc. has a twelve month low of $140.69 and a twelve month high of $437.00. The company has a market capitalization of $831.65 million, a P/E ratio of 3.42 and a beta of 1.00. The stock has a 50 day simple moving average of $223.63 and a 200-day simple moving average of $296.57. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84.

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

Wall Street Analysts Forecast Growth

CABO has been the topic of several research reports. Raymond James cut Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. Wells Fargo & Company cut their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th. KeyCorp restated a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their target price on Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th.

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.