Fox Run Management L.L.C. Purchases New Shares in Cable One, Inc. $CABO

Key Points

• Fox Run Management L.L.C. acquired 2,161 shares of Cable One, Inc. in Q1, valued at approximately $574,000.
• Major institutional investors have significantly increased their holdings in Cable One, with Pacer Advisors Inc. boosting its stake by 14,346.4%.
• The stock currently has an average rating of "Reduce" with a consensus price target of $279.25, after various analyst ratings changes.

Fox Run Management L.L.C. purchased a new stake in Cable One, Inc. (NYSE:CABO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,161 shares of the company's stock, valued at approximately $574,000.

A number of other hedge funds have also recently added to or reduced their stakes in CABO. Burgundy Asset Management Ltd. increased its stake in shares of Cable One by 6.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 316,384 shares of the company's stock worth $114,569,000 after purchasing an additional 19,545 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cable One by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock worth $60,386,000 after purchasing an additional 10,211 shares in the last quarter. Private Management Group Inc. boosted its holdings in Cable One by 34.3% in the first quarter. Private Management Group Inc. now owns 152,567 shares of the company's stock worth $40,548,000 after purchasing an additional 38,965 shares in the last quarter. Brown Advisory Inc. increased its position in Cable One by 47.9% during the first quarter. Brown Advisory Inc. now owns 131,576 shares of the company's stock worth $34,969,000 after buying an additional 42,606 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Cable One by 8.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 94,411 shares of the company's stock valued at $25,092,000 after buying an additional 7,635 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CABO. Wells Fargo & Company reduced their price target on Cable One from $210.00 to $120.00 and set an "underweight" rating for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. decreased their target price on Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. KeyCorp reissued a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. BNP Paribas upgraded shares of Cable One from a "strong sell" rating to a "hold" rating in a research note on Monday, June 16th. Finally, Raymond James Financial lowered shares of Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $279.25.

Cable One Stock Performance

Cable One stock traded up $9.4650 during mid-day trading on Friday, reaching $162.6850. The company had a trading volume of 78,754 shares, compared to its average volume of 188,801. 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 firm has a market cap of $915.75 million, a price-to-earnings ratio of -1.84 and a beta of 0.79. The company has a 50 day moving average of $137.11 and a 200-day moving average of $198.35. Cable One, Inc. has a 52 week low of $117.54 and a 52 week high of $436.99.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $3.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $379.81 million. During the same quarter in the prior year, the firm posted $10.29 earnings per share. On average, sell-side analysts expect 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 the business's stock in a transaction on Wednesday, June 11th. The stock was bought at an average cost of $148.00 per share, with a total value of $37,000.00. Following the completion of the acquisition, the director owned 3,599 shares in the company, valued at $532,652. The trade was a 7.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Wallace R. Weitz bought 7,000 shares of Cable One stock in a transaction dated Friday, June 13th. The stock was purchased at an average price of $132.53 per share, for a total transaction of $927,710.00. Following the purchase, the director directly owned 17,140 shares in the company, valued at $2,271,564.20. This represents a 69.03% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 7,400 shares of company stock valued at $984,342 over the last quarter. 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.