Cable One, Inc. (NYSE:CABO) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in shares of Cable One, Inc. (NYSE:CABO) by 2.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 29,302 shares of the company’s stock after acquiring an additional 730 shares during the period. Principal Financial Group Inc. owned about 0.52% of Cable One worth $7,788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wedge Capital Management L L P NC bought a new stake in Cable One in the first quarter worth $1,745,000. Janus Henderson Group PLC raised its position in Cable One by 23.0% in the fourth quarter. Janus Henderson Group PLC now owns 14,090 shares of the company’s stock worth $5,101,000 after purchasing an additional 2,633 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in Cable One by 16.8% during the first quarter. DAVENPORT & Co LLC now owns 69,578 shares of the company’s stock valued at $18,631,000 after purchasing an additional 9,989 shares in the last quarter. Northern Trust Corp raised its stake in shares of Cable One by 18.7% in the fourth quarter. Northern Trust Corp now owns 66,507 shares of the company’s stock valued at $24,084,000 after acquiring an additional 10,493 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Cable One by 51.3% in the fourth quarter. Quantinno Capital Management LP now owns 8,610 shares of the company’s stock valued at $3,118,000 after acquiring an additional 2,918 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity at Cable One

In related news, Director Wallace R. Weitz purchased 7,000 shares of the business’s stock in a transaction dated Friday, June 13th. The stock was purchased at an average cost of $132.53 per share, with a total value of $927,710.00. Following the completion of the acquisition, the director directly owned 17,140 shares of the company’s stock, valued at approximately $2,271,564.20. The trade was a 69.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary E. Meduski acquired 250 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average price of $148.00 per share, for a total transaction of $37,000.00. Following the transaction, the director directly owned 3,599 shares of the company’s stock, valued at $532,652. This represents a 7.46% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 7,400 shares of company stock valued at $984,342. 0.90% of the stock is currently owned by corporate insiders.

Cable One Stock Down 3.9%

Shares of NYSE:CABO opened at $119.62 on Wednesday. The company has a market capitalization of $673.46 million, a price-to-earnings ratio of -47.66 and a beta of 0.81. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.36 and a quick ratio of 0.36. The business’s 50-day moving average is $142.31 and its 200-day moving average is $234.26. Cable One, Inc. has a 1 year low of $119.05 and a 1 year high of $437.00.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, beating analysts’ consensus estimates of $12.21 by $0.11. The business had revenue of $380.60 million during the quarter, compared to analyst estimates of $386.61 million. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. Equities research analysts predict that Cable One, Inc. will post 32.08 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on CABO. JPMorgan Chase & Co. lowered their target price on shares of Cable One from $325.00 to $222.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Raymond James Financial cut Cable One from an “outperform” rating to a “market perform” rating in a research report on Friday, May 2nd. BNP Paribas raised Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, June 16th. BNP Paribas Exane raised Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 price target for the company in a report on Monday, June 16th. Finally, KeyCorp restated a “sector weight” rating on shares of Cable One in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Cable One currently has an average rating of “Hold” and an average price target of $309.25.

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.