State Board of Administration of Florida Retirement System Lowers Stock Holdings in Cable One, Inc. (NYSE:CABO)

State Board of Administration of Florida Retirement System trimmed its position in shares of Cable One, Inc. (NYSE:CABO – Get Rating) by 37.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,832 shares of the company’s stock after selling 2,917 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.08% of Cable One worth $3,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 1832 Asset Management L.P. purchased a new position in Cable One during the 1st quarter valued at about $58,000. Wipfli Financial Advisors LLC purchased a new position in Cable One during the 3rd quarter valued at about $38,000. Lam Group Inc. purchased a new position in Cable One during the 4th quarter valued at about $36,000. First Horizon Advisors Inc. boosted its holdings in Cable One by 218.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 51 shares of the company’s stock valued at $43,000 after acquiring an additional 35 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Cable One by 39.1% during the 4th quarter. Parallel Advisors LLC now owns 64 shares of the company’s stock valued at $46,000 after acquiring an additional 18 shares during the period. 90.08% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cable One news, SVP Eric Michael Lardy sold 321 shares of Cable One stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $673.85, for a total transaction of $216,305.85. Following the transaction, the senior vice president now owns 2,422 shares of the company’s stock, valued at $1,632,064.70. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Cable One news, SVP Eric Michael Lardy sold 321 shares of Cable One stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $673.85, for a total transaction of $216,305.85. Following the transaction, the senior vice president now owns 2,422 shares of the company’s stock, valued at $1,632,064.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher D. Boone sold 250 shares of Cable One stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $650.00, for a total value of $162,500.00. Following the completion of the transaction, the insider now owns 1,392 shares in the company, valued at $904,800. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com assumed coverage on Cable One in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Wells Fargo & Company reduced their price target on Cable One from $680.00 to $670.00 in a research report on Friday, May 5th. Cowen reduced their price target on Cable One from $1,050.00 to $950.00 and set a “market perform” rating on the stock in a research report on Friday, February 24th. Raymond James reduced their price target on Cable One from $1,200.00 to $900.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Finally, KeyCorp reduced their price target on Cable One from $1,300.00 to $1,275.00 and set an “overweight” rating on the stock in a research report on Friday, February 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1,104.29.

Cable One Price Performance

Shares of NYSE CABO opened at $673.10 on Friday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.42 and a current ratio of 1.75. Cable One, Inc. has a fifty-two week low of $609.85 and a fifty-two week high of $1,464.20. The firm has a market capitalization of $3.84 billion, a PE ratio of 35.65 and a beta of 0.83. The stock’s 50-day simple moving average is $681.04 and its 200-day simple moving average is $720.30.

Cable One (NYSE:CABO – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The company reported $9.62 EPS for the quarter, missing the consensus estimate of $14.40 by ($4.78). The firm had revenue of $421.90 million for the quarter, compared to analyst estimates of $420.66 million. Cable One had a return on equity of 13.99% and a net margin of 7.06%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $26.85 EPS. As a group, equities research analysts forecast that Cable One, Inc. will post 58.84 EPS for the current fiscal year.

Cable One Company Profile

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Cable One, Inc engages in the provision of data, video, and voice services to residential and business customers. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service under the brand name Sparklight.