Northern Trust Corp Boosts Stock Holdings in Cable One, Inc. (NYSE:CABO)

Northern Trust Corp boosted its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,507 shares of the company's stock after buying an additional 10,493 shares during the period. Northern Trust Corp owned approximately 1.18% of Cable One worth $24,084,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its holdings in shares of Cable One by 523.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock worth $95,000 after buying an additional 220 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd grew its position 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 acquiring an additional 4,352 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Cable One during the fourth quarter worth approximately $50,000. KBC Group NV raised its position in Cable One by 45.0% during the fourth quarter. KBC Group NV now owns 232 shares of the company's stock valued at $84,000 after purchasing an additional 72 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Cable One by 102.0% in the 4th quarter. Pacer Advisors Inc. now owns 414 shares of the company's stock valued at $150,000 after purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. KeyCorp reissued a "sector weight" rating on shares of Cable One in a research report on Friday, May 2nd. Raymond James cut shares of Cable One from an "outperform" rating to a "market perform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price target 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. Finally, Wells Fargo & Company cut their price target on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a report on Friday, February 28th.

Cable One Trading Down 3.8%

CABO stock traded down $6.32 during midday trading on Friday, reaching $158.38. The company's stock had a trading volume of 357,492 shares, compared to its average volume of 123,696. Cable One, Inc. has a 1 year low of $150.00 and a 1 year high of $437.00. The firm has a market capitalization of $891.38 million, a price-to-earnings ratio of 3.66 and a beta of 1.00. The stock has a fifty day simple moving average of $241.22 and a two-hundred day simple moving average of $309.94. 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 posted its quarterly 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. Cable One had a net margin of 15.86% and a return on equity of 10.98%. The firm had revenue of $380.60 million for the quarter, compared to analysts' expectations of $386.61 million. On average, equities research analysts predict that Cable One, Inc. will post 32.08 EPS for the current year.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz bought 1,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the acquisition, the director now owns 5,584 shares of the company's stock, valued at $1,362,607.68. This represents a 21.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company's stock.

About Cable One

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.