Landscape Capital Management L.L.C. Buys 12,315 Shares of Cable One, Inc. $CABO

Key Points

• Landscape Capital Management L.L.C. has significantly increased its holdings in Cable One, Inc. by 515.7% during the first quarter, now owning approximately 0.26% of the company worth around $3.9 million.
• Analysts have lowered price targets for Cable One, with Wells Fargo dropping it from $210.00 to $120.00, indicating an "underweight" rating, while the average target price is now at $279.25.
• In recent insider trading, Director Wallace R. Weitz bought 7,000 shares at an average price of $132.53, representing a 69.03% increase in his position.

Landscape Capital Management L.L.C. boosted its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 515.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,703 shares of the company's stock after acquiring an additional 12,315 shares during the period. Landscape Capital Management L.L.C. owned 0.26% of Cable One worth $3,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC acquired a new position in Cable One in the 1st quarter valued at $1,745,000. Janus Henderson Group PLC grew its holdings in shares of Cable One by 23.0% during the 4th quarter. Janus Henderson Group PLC now owns 14,090 shares of the company's stock worth $5,101,000 after purchasing an additional 2,633 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Cable One by 19.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 28,349 shares of the company's stock worth $7,534,000 after purchasing an additional 4,689 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Cable One by 16.8% during the 1st quarter. DAVENPORT & Co LLC now owns 69,578 shares of the company's stock worth $18,631,000 after purchasing an additional 9,989 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Cable One by 18.7% during the 4th quarter. Northern Trust Corp now owns 66,507 shares of the company's stock worth $24,084,000 after purchasing an additional 10,493 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cable One

In other news, Director Mary E. Meduski purchased 250 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average cost of $148.00 per share, with a total value of $37,000.00. Following the completion of the purchase, the director owned 3,599 shares of the company's stock, valued at $532,652. This trade represents a 7.46% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Wallace R. Weitz purchased 7,000 shares of the business's stock in a transaction dated 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 directly owned 17,140 shares of the company's stock, valued at approximately $2,271,564.20. This represents a 69.03% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 7,400 shares of company stock worth $984,342 over the last three months. Insiders own 0.90% of the company's stock.

Cable One Price Performance

NYSE:CABO traded up $4.29 during trading hours on Monday, hitting $162.18. The company's stock had a trading volume of 108,906 shares, compared to its average volume of 156,969. The stock has a fifty day simple moving average of $141.07 and a 200-day simple moving average of $192.07. The company has a market capitalization of $913.05 million, a P/E ratio of -1.84 and a beta of 0.81. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.37 and a quick ratio of 0.37. Cable One, Inc. has a twelve month low of $117.54 and a twelve month 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 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 business had revenue of $381.07 million during the quarter, compared to analyst estimates of $379.81 million. During the same period last year, the business earned $10.29 earnings per share. On average, analysts anticipate that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CABO. JPMorgan Chase & Co. reduced 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. 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. BNP Paribas raised Cable One from a "strong sell" rating to a "hold" rating in a report on Monday, June 16th. Finally, Wells Fargo & Company reduced 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. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $279.25.

Cable One 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.