Insider Buying: Cable One, Inc. (NYSE:CABO) Director Buys 150 Shares of Stock

Cable One, Inc. (NYSE:CABO - Get Free Report) Director Katharine Weymouth acquired 150 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were acquired at an average price of $130.88 per share, with a total value of $19,632.00. Following the acquisition, the director now owns 2,294 shares in the company, valued at approximately $300,238.72. The trade was a 7.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Cable One Stock Performance

Shares of CABO stock traded down $1.92 during mid-day trading on Monday, reaching $129.89. The stock had a trading volume of 242,195 shares, compared to its average volume of 134,942. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. Cable One, Inc. has a 1-year low of $129.62 and a 1-year high of $437.00. The firm has a market cap of $731.00 million, a price-to-earnings ratio of 3.00 and a beta of 0.82. The business's fifty day moving average is $194.05 and its 200-day moving average is $272.42.

Cable One (NYSE:CABO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (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 analyst estimates of $386.61 million. Cable One had a net margin of 15.86% and a return on equity of 10.98%. On average, research analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wells Fargo & Company reduced their target price on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research report on Friday, February 28th. KeyCorp restated a "sector weight" rating on shares of Cable One in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Raymond James downgraded shares of Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. Finally, BNP Paribas Exane raised shares of Cable One from an "underperform" rating to a "neutral" rating and set a $125.00 price target for the company in a report on Monday. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, Cable One currently has a consensus rating of "Hold" and a consensus target price of $309.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board boosted its holdings in Cable One by 57.0% in the first quarter. Canada Pension Plan Investment Board now owns 323,300 shares of the company's stock valued at $85,923,000 after purchasing an additional 117,389 shares during the last quarter. Clarkston Capital Partners LLC lifted its holdings in shares of Cable One by 34.2% in the 1st quarter. Clarkston Capital Partners LLC now owns 357,192 shares of the company's stock valued at $94,931,000 after buying an additional 90,934 shares during the period. Burgundy Asset Management Ltd. boosted its stake in shares of Cable One by 27.2% in the first quarter. Burgundy Asset Management Ltd. now owns 402,403 shares of the company's stock worth $106,947,000 after buying an additional 86,019 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Cable One during the fourth quarter worth about $28,129,000. Finally, Pacer Advisors Inc. grew its holdings in Cable One by 14,346.4% during the first quarter. Pacer Advisors Inc. now owns 59,808 shares of the company's stock worth $15,895,000 after acquiring an additional 59,394 shares during the period. Hedge funds and other institutional investors own 89.92% of the company's stock.

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.

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