London Co. of Virginia Cuts Position in Cable One, Inc. (NYSE:CABO)

London Co. of Virginia lowered its position in Cable One, Inc. (NYSE:CABO - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,810 shares of the company's stock after selling 3,352 shares during the quarter. London Co. of Virginia owned approximately 1.38% of Cable One worth $28,177,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake 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 during the last quarter. Graham Capital Management L.P. purchased a new stake in Cable One in the fourth quarter valued at about $260,000. Cetera Investment Advisers acquired a new stake in Cable One in the 4th quarter worth approximately $236,000. Ancora Advisors LLC acquired a new position in Cable One during the 4th quarter valued at approximately $235,000. Finally, AXA S.A. purchased a new position in shares of Cable One in the fourth quarter worth $3,156,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cable One

In related news, Director Wallace R. Weitz acquired 1,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $244.02 per share, with a total value of $244,020.00. Following the completion of the purchase, the director now owns 5,584 shares of the company's stock, valued at approximately $1,362,607.68. This represents a 21.82% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% of the company's stock.

Cable One Price Performance

Shares of CABO traded up $3.78 during mid-day trading on Thursday, hitting $164.68. 206,467 shares of the company were exchanged, compared to its average volume of 122,761. The stock has a market cap of $926.82 million, a price-to-earnings ratio of 3.81 and a beta of 1.00. Cable One, Inc. has a 1-year low of $150.00 and a 1-year high of $437.00. The company has a 50 day moving average of $243.67 and a 200-day moving average of $311.18. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

Cable One (NYSE:CABO - Get Free Report) last issued 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 firm had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. Cable One had a return on equity of 10.98% and a net margin of 15.86%. Analysts expect that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on CABO shares. Wells Fargo & Company lowered their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on shares of Cable One from $325.00 to $222.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Raymond James cut Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. Finally, KeyCorp restated a "sector weight" rating on shares of Cable One in a research note on Friday, May 2nd.

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.