Mariner LLC Acquires Shares of 618 Cable One, Inc. (NYSE:CABO)

Mariner LLC bought a new position in shares of Cable One, Inc. (NYSE:CABO) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 618 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. lifted its holdings in Cable One by 6.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 590 shares of the company’s stock valued at $214,000 after purchasing an additional 37 shares in the last quarter. LSV Asset Management boosted its holdings in Cable One by 2,535.7% in the 4th quarter. LSV Asset Management now owns 7,380 shares of the company’s stock worth $2,672,000 after buying an additional 7,100 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Cable One during the 4th quarter worth approximately $28,129,000. Polymer Capital Management US LLC acquired a new position in shares of Cable One during the fourth quarter valued at approximately $264,000. Finally, Federated Hermes Inc. lifted its position in shares of Cable One by 201.8% in the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock valued at $60,000 after acquiring an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analysts Set New Price Targets

CABO has been the subject of several recent research reports. KeyCorp reissued a “sector weight” rating on shares of Cable One in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped 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 note on Tuesday. Wells Fargo & Company decreased their target price on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th. Finally, Raymond James cut Cable One from an “outperform” rating to a “market perform” rating in a report on Friday, May 2nd.

Cable One Stock Up 4.3 %

Shares of CABO opened at $182.72 on Wednesday. The company’s 50-day simple moving average is $254.64 and its 200-day simple moving average is $318.27. 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, Inc. has a 1 year low of $150.00 and a 1 year high of $437.00. The stock has a market capitalization of $1.03 billion, a PE ratio of 4.23 and a beta of 1.00.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, beating the consensus estimate of $12.21 by $0.11. Cable One had a net margin of 15.86% and a return on equity of 10.98%. The company had revenue of $380.60 million during the quarter, compared to analysts’ expectations of $386.61 million. Analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz bought 1,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the purchase, the director now owns 5,584 shares in the company, valued at approximately $1,362,607.68. This trade represents a 21.82 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is owned by company insiders.

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.