Janus Henderson Group PLC Increases Stake in Cable One, Inc. (NYSE:CABO)

Janus Henderson Group PLC lifted its stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,090 shares of the company's stock after purchasing an additional 2,633 shares during the quarter. Janus Henderson Group PLC owned about 0.25% of Cable One worth $5,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CABO. Nisa Investment Advisors LLC grew its stake in shares of Cable One by 523.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock worth $95,000 after purchasing an additional 220 shares during the period. Rothschild & Co Wealth Management UK Ltd grew its stake in shares of Cable One by 1.5% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company's stock worth $106,608,000 after purchasing an additional 4,352 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Cable One during the 4th quarter worth $50,000. KBC Group NV grew its stake in shares of Cable One by 45.0% during the 4th quarter. KBC Group NV now owns 232 shares of the company's stock worth $84,000 after purchasing an additional 72 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of Cable One by 102.0% during the 4th quarter. Pacer Advisors Inc. now owns 414 shares of the company's stock worth $150,000 after purchasing an additional 209 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Raymond James cut shares of Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. KeyCorp reissued a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lowered their price objective on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th.

Cable One Price Performance

NYSE CABO traded up $4.53 during trading hours on Friday, reaching $152.30. The company's stock had a trading volume of 251,972 shares, compared to its average volume of 126,287. The stock has a market cap of $857.16 million, a PE ratio of 3.52 and a beta of 1.00. Cable One, Inc. has a fifty-two week low of $140.69 and a fifty-two week high of $437.00. The company's 50-day moving average is $229.67 and its two-hundred day moving average is $300.92. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

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

Insider Buying and Selling at Cable One

In other news, Director Wallace R. Weitz bought 1,000 shares of Cable One stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the acquisition, the director now owns 5,584 shares in the company, valued at approximately $1,362,607.68. This trade represents a 21.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.90% of the stock is owned by insiders.

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.