Rothschild & Co Wealth Management UK Ltd Sells 2,200 Shares of Cable One, Inc. (NYSE:CABO)

Key Points

• Rothschild & Co Wealth Management UK Ltd sold 2,200 shares of Cable One, reducing its holdings by 0.7%, leaving it with 292,200 shares, which represent 1.3% of its portfolio.
• Several institutional investors, including Farther Finance Advisors LLC and Federated Hermes Inc., have significantly increased their positions in Cable One, highlighting growing interest in the stock among large investors.
• Analysts have mixed views on Cable One, with a consensus rating of "Hold" and price targets ranging from $125.00 to $309.25, indicating uncertainty about the stock's future performance.

Rothschild & Co Wealth Management UK Ltd lessened its holdings in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 0.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 292,200 shares of the company's stock after selling 2,200 shares during the quarter. Cable One comprises approximately 1.3% of Rothschild & Co Wealth Management UK Ltd's holdings, making the stock its 13th largest position. Rothschild & Co Wealth Management UK Ltd owned approximately 5.19% of Cable One worth $77,658,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Cable One by 1,435.7% in the 1st quarter. Farther Finance Advisors LLC now owns 215 shares of the company's stock valued at $58,000 after buying an additional 201 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Cable One by 201.8% in the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company's stock valued at $60,000 after buying an additional 111 shares during the period. Spire Wealth Management lifted its holdings in shares of Cable One by 21.3% in the first quarter. Spire Wealth Management now owns 382 shares of the company's stock valued at $102,000 after buying an additional 67 shares during the period. Summit Investment Advisors Inc. lifted its holdings in shares of Cable One by 6.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 590 shares of the company's stock valued at $214,000 after buying an additional 37 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Cable One in the fourth quarter valued at $221,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Stock Down 3.6%

CABO stock traded down $5.11 during mid-day trading on Tuesday, hitting $137.44. The stock had a trading volume of 43,473 shares, compared to its average volume of 187,707. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.66. Cable One, Inc. has a 1-year low of $117.54 and a 1-year high of $436.99. The company has a fifty day moving average of $137.77 and a 200 day moving average of $219.38. The stock has a market capitalization of $773.79 million, a price-to-earnings ratio of -54.76 and a beta of 0.81.

Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $12.32 EPS for the quarter, beating analysts' consensus estimates of $12.21 by $0.11. The business had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. On average, equities analysts expect that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Insider Transactions at Cable One

In other Cable One news, Director Wallace R. Weitz bought 7,000 shares of the stock in a transaction on Friday, June 13th. The shares were purchased at an average price of $132.53 per share, with a total value of $927,710.00. Following the acquisition, the director directly owned 17,140 shares of the company's stock, valued at $2,271,564.20. This represents a 69.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Mary E. Meduski bought 250 shares of the stock in a transaction on Wednesday, June 11th. The stock was acquired at an average cost of $148.00 per share, for a total transaction of $37,000.00. Following the acquisition, the director directly owned 3,599 shares in the company, valued at approximately $532,652. The trade was a 7.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 7,400 shares of company stock worth $984,342. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CABO has been the subject of several research analyst reports. KeyCorp restated a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. BNP Paribas upgraded Cable One from a "strong sell" rating to a "hold" rating in a report on Monday, June 16th. BNP Paribas Exane upgraded Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price objective for the company in a report on Monday, June 16th. Raymond James Financial lowered Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their target price on Cable One from $325.00 to $222.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $309.25.

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.