Pacer Advisors Inc. Boosts Stock Holdings in Cable One, Inc. (NYSE:CABO)

Key Points

• Pacer Advisors Inc. significantly increased its position in Cable One, Inc. by 14,346.4% in the first quarter, now owning 59,808 shares valued at approximately $15.9 million.
• Cable One's stock has experienced a decline of 6.0%, with shares opening at $143.56 and a notable market capitalization of $808.26 million.
• Several institutional investors, including Farther Finance Advisors and Federated Hermes, have also increased their positions in Cable One, demonstrating growing interest in the stock.

Pacer Advisors Inc. raised its holdings in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 14,346.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 59,808 shares of the company's stock after purchasing an additional 59,394 shares during the period. Pacer Advisors Inc. owned 1.06% of Cable One worth $15,895,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Summit Investment Advisors Inc. increased its position in Cable One by 6.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 590 shares of the company's stock valued at $214,000 after purchasing an additional 37 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Cable One by 2.0% in the 1st quarter. SummerHaven Investment Management LLC now owns 2,392 shares of the company's stock valued at $636,000 after buying an additional 47 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Cable One by 21.3% in the 1st quarter. Spire Wealth Management now owns 382 shares of the company's stock valued at $102,000 after buying an additional 67 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Cable One by 201.8% in the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after buying an additional 111 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cable One by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,210 shares of the company's stock valued at $1,162,000 after buying an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Cable One Stock Performance

CABO stock traded up $0.03 during trading on Wednesday, reaching $138.60. The company had a trading volume of 29,804 shares, compared to its average volume of 187,540. The firm has a 50-day simple moving average of $137.77 and a 200-day simple moving average of $219.38. The company has a market cap of $780.32 million, a price-to-earnings ratio of -55.22 and a beta of 0.81. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.36 and a current ratio of 0.36. 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 earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping analysts' consensus estimates of $12.21 by $0.11. The company had revenue of $380.60 million during the quarter, compared to analysts' expectations of $386.61 million. Cable One had a negative net margin of 0.69% and a positive return on equity of 9.38%. As a group, sell-side analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BNP Paribas Exane upgraded shares of Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price target on the stock in a report on Monday, June 16th. BNP Paribas upgraded shares of Cable One from a "strong sell" rating to a "hold" rating in a report on Monday, June 16th. Raymond James Financial cut shares of Cable One from an "outperform" rating to a "market perform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered their price target on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th. Finally, KeyCorp restated 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 issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $309.25.

Insider Activity at Cable One

In other Cable One news, Director Wallace R. Weitz acquired 7,000 shares of the firm's stock in a transaction on Friday, June 13th. The stock was acquired at an average cost of $132.53 per share, for a total transaction of $927,710.00. Following the purchase, the director owned 17,140 shares in the company, valued at approximately $2,271,564.20. The trade was a 69.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary E. Meduski acquired 250 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were acquired at an average price 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 in the company, valued at approximately $532,652. This trade represents a 7.46% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 7,400 shares of company stock valued at $984,342. Company insiders own 0.90% of the company's stock.

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.