Rhumbline Advisers Cuts Holdings in Cable One, Inc. (NYSE:CABO)

Rhumbline Advisers reduced its position in Cable One, Inc. (NYSE:CABO) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,006 shares of the company’s stock after selling 595 shares during the quarter. Rhumbline Advisers owned about 0.27% of Cable One worth $3,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CABO. AlphaQuest LLC purchased a new position in Cable One in the fourth quarter valued at about $49,000. Federated Hermes Inc. raised its position in 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 purchasing an additional 111 shares during the period. SRS Capital Advisors Inc. raised its position in Cable One by 79.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 314 shares of the company’s stock valued at $113,000 after purchasing an additional 139 shares during the period. Global Retirement Partners LLC raised its position in Cable One by 15.5% in the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock valued at $124,000 after purchasing an additional 46 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Cable One by 18.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock valued at $151,000 after purchasing an additional 65 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CABO shares. KeyCorp reaffirmed a “sector weight” rating on shares of Cable One in a research report on Friday, May 2nd. Wells Fargo & Company dropped their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research report on Friday, February 28th. Raymond James lowered Cable One from an “outperform” rating to a “market perform” rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Cable One from $325.00 to $222.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th.

Cable One Stock Up 1.4%

NYSE:CABO opened at $132.13 on Friday. The company has a market capitalization of $743.63 million, a price-to-earnings ratio of 3.06 and a beta of 0.82. Cable One, Inc. has a one year low of $130.08 and a one year high of $437.00. The stock has a 50-day simple moving average of $194.05 and a 200 day simple moving average of $274.45. 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) 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. The business had revenue of $380.60 million during the quarter, compared to the consensus estimate of $386.61 million. Cable One had a return on equity of 10.98% and a net margin of 15.86%. Sell-side analysts predict that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Wallace R. Weitz bought 7,000 shares of the firm’s stock in a transaction on Friday, June 13th. The stock was bought at an average cost of $132.53 per share, for a total transaction of $927,710.00. Following the completion of the purchase, the director now directly owns 17,140 shares in the company, valued at approximately $2,271,564.20. The trade was a 69.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary E. Meduski bought 250 shares of the firm’s stock in a transaction on Wednesday, June 11th. The stock was bought at an average price of $148.00 per share, with a total value of $37,000.00. Following the completion of the purchase, the director now owns 3,599 shares of the company’s stock, valued at $532,652. This trade represents a 7.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.90% of the company’s stock.

Cable One Company 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.