Quantinno Capital Management LP grew its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 51.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,610 shares of the company's stock after purchasing an additional 2,918 shares during the period. Quantinno Capital Management LP owned about 0.15% of Cable One worth $3,118,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rothschild & Co Wealth Management UK Ltd increased its stake in Cable One by 1.5% in the fourth 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. Dimensional Fund Advisors LP increased its stake in shares of Cable One by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company's stock valued at $60,386,000 after buying an additional 10,211 shares during the period. Charles Schwab Investment Management Inc. increased 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 valued at $31,423,000 after buying an additional 7,055 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Cable One during the fourth quarter valued at $28,129,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Cable One by 3.7% during the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company's stock valued at $26,439,000 after buying an additional 2,627 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.
Insider Buying and Selling at Cable One
In related news, Director Wallace R. Weitz bought 1,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were 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 directly owns 5,584 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by insiders.
Cable One Price Performance
CABO opened at $152.50 on Tuesday. The business's 50-day moving average is $236.40 and its two-hundred day moving average is $306.82. Cable One, Inc. has a 1 year low of $149.58 and a 1 year high of $437.00. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $858.27 million, a PE ratio of 3.53 and a beta of 1.00.
Cable One (NYSE:CABO - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.21 by $0.11. Cable One had a return on equity of 10.98% and a net margin of 15.86%. The company had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. Research analysts anticipate that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
CABO has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on 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 restated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd. Raymond James lowered Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company cut their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th.
Check Out Our Latest Report on Cable One
About Cable One
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding CABO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cable One, Inc. (NYSE:CABO - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cable One, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cable One wasn't on the list.
While Cable One currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
