Cable One, Inc. (NYSE:CABO) Stake Lessened by Hutchinson Capital Management CA

Hutchinson Capital Management CA decreased its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,186 shares of the company's stock after selling 3,572 shares during the period. Cable One accounts for about 1.4% of Hutchinson Capital Management CA's investment portfolio, making the stock its 25th largest holding. Hutchinson Capital Management CA owned 0.20% of Cable One worth $6,226,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CABO. Chartwell Investment Partners LLC raised its position in shares of Cable One by 37.8% during the third quarter. Chartwell Investment Partners LLC now owns 4,324 shares of the company's stock worth $2,662,000 after purchasing an additional 1,187 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Cable One by 8.8% in the fourth quarter. DAVENPORT & Co LLC now owns 29,789 shares of the company's stock worth $16,680,000 after buying an additional 2,403 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of Cable One by 24.8% during the third quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company's stock valued at $95,484,000 after acquiring an additional 30,831 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Cable One by 4.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 240,869 shares of the company's stock valued at $148,289,000 after acquiring an additional 10,521 shares in the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in shares of Cable One by 12.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 65,140 shares of the company's stock valued at $40,103,000 after acquiring an additional 7,444 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cable One

In other Cable One news, insider Christopher D. Boone sold 204 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the completion of the transaction, the insider now owns 1,854 shares of the company's stock, valued at approximately $852,840. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Cable One Stock Performance

CABO stock traded up $1.42 during midday trading on Friday, hitting $393.75. 105,696 shares of the company traded hands, compared to its average volume of 106,845. The business has a 50 day simple moving average of $415.74 and a 200-day simple moving average of $494.13. The company has a quick ratio of 1.69, a current ratio of 1.86 and a debt-to-equity ratio of 1.86. Cable One, Inc. has a twelve month low of $369.13 and a twelve month high of $749.00. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 8.77 and a beta of 0.80.

Cable One (NYSE:CABO - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share for the quarter, missing the consensus estimate of $10.78 by ($2.67). Cable One had a net margin of 15.50% and a return on equity of 12.76%. The business had revenue of $404.30 million for the quarter, compared to the consensus estimate of $408.79 million. During the same quarter in the previous year, the company earned $9.62 EPS. Cable One's revenue for the quarter was down 4.2% compared to the same quarter last year. As a group, equities research analysts predict that Cable One, Inc. will post 43.36 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on CABO shares. Wells Fargo & Company decreased their target price on Cable One from $400.00 to $350.00 and set an "underweight" rating for the company in a research report on Friday, May 3rd. Moffett Nathanson upgraded Cable One from a "neutral" rating to a "buy" rating and set a $615.00 target price on the stock in a report on Tuesday, March 5th. KeyCorp dropped their price objective on shares of Cable One from $900.00 to $881.00 and set an "overweight" rating on the stock in a research note on Thursday, April 4th. Finally, TD Cowen reduced their price objective on Cable One from $650.00 to $456.00 and set a "hold" rating for the company in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $590.83.

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.

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