Cable One, Inc. (NYSE:CABO) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC raised its holdings in shares of Cable One, Inc. (NYSE:CABOGet Rating) by 36.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 382 shares of the company’s stock after buying an additional 103 shares during the period. Lazard Asset Management LLC’s holdings in Cable One were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Capital International Investors lifted its position in shares of Cable One by 74.9% during the first quarter. Capital International Investors now owns 204,285 shares of the company’s stock worth $300,489,000 after purchasing an additional 87,503 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd increased its stake in Cable One by 1.9% during the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 185,855 shares of the company’s stock valued at $239,627,000 after purchasing an additional 3,464 shares during the last quarter. Parnassus Investments LLC increased its stake in Cable One by 30.1% during the second quarter. Parnassus Investments LLC now owns 122,122 shares of the company’s stock valued at $157,454,000 after purchasing an additional 28,253 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Cable One by 16.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 119,162 shares of the company’s stock valued at $174,481,000 after purchasing an additional 17,004 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Cable One by 6.1% during the first quarter. Principal Financial Group Inc. now owns 116,194 shares of the company’s stock valued at $170,135,000 after purchasing an additional 6,639 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Cable One Stock Performance

Shares of NYSE:CABO opened at $683.35 on Friday. Cable One, Inc. has a twelve month low of $620.57 and a twelve month high of $1,869.42. The firm has a market cap of $3.97 billion, a PE ratio of 11.38 and a beta of 0.84. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.42 and a current ratio of 1.42. The business has a fifty day moving average of $833.61 and a 200-day moving average of $1,115.88.

Cable One (NYSE:CABOGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $11.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.61 by ($1.08). Cable One had a net margin of 21.96% and a return on equity of 20.32%. The firm had revenue of $424.72 million during the quarter, compared to the consensus estimate of $431.82 million. On average, equities research analysts predict that Cable One, Inc. will post 61.12 EPS for the current fiscal year.

Insider Activity

In other news, Director Thomas Sinnickson Gayner bought 500 shares of the company’s stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average price of $1,177.75 per share, with a total value of $588,875.00. Following the transaction, the director now owns 10,700 shares in the company, valued at $12,601,925. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Cable One news, Director Thomas Sinnickson Gayner bought 500 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were acquired at an average cost of $1,177.75 per share, with a total value of $588,875.00. Following the acquisition, the director now owns 10,700 shares of the company’s stock, valued at $12,601,925. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brad D. Brian bought 50 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The shares were acquired at an average cost of $951.11 per share, for a total transaction of $47,555.50. Following the completion of the acquisition, the director now directly owns 50 shares in the company, valued at approximately $47,555.50. The disclosure for this purchase can be found here. Insiders have acquired 11,100 shares of company stock worth $8,187,401 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Cowen upped their price objective on shares of Cable One to $1,550.00 in a report on Tuesday, August 9th. StockNews.com assumed coverage on Cable One in a report on Wednesday, October 12th. They set a “hold” rating on the stock. KeyCorp cut their price objective on Cable One from $1,725.00 to $1,300.00 and set an “overweight” rating on the stock in a report on Friday, November 4th. TheStreet downgraded Cable One from a “b-” rating to a “c+” rating in a report on Tuesday, September 20th. Finally, Wells Fargo & Company dropped their price objective on Cable One from $1,200.00 to $850.00 and set an “equal weight” rating on the stock in a report on Friday, November 4th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,420.00.

About Cable One

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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 residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive and electronic programming guide with parental controls.

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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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