Cable One, Inc. $CABO Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Cable One, Inc. (NYSE:CABO) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 539,540 shares of the company’s stock after selling 34,380 shares during the quarter. Vanguard Group Inc. owned 9.59% of Cable One worth $143,394,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Bayforest Capital Ltd grew its stake in Cable One by 498.3% during the 1st quarter. Bayforest Capital Ltd now owns 1,442 shares of the company’s stock valued at $383,000 after purchasing an additional 1,201 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Cable One during the 1st quarter valued at approximately $30,000. Private Management Group Inc. grew its position in shares of Cable One by 34.3% in the 1st quarter. Private Management Group Inc. now owns 152,567 shares of the company’s stock worth $40,548,000 after acquiring an additional 38,965 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Cable One by 14,346.4% in the 1st quarter. Pacer Advisors Inc. now owns 59,808 shares of the company’s stock worth $15,895,000 after acquiring an additional 59,394 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of Cable One by 17.4% in the 1st quarter. Allianz Asset Management GmbH now owns 2,700 shares of the company’s stock worth $718,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Trading Down 2.4%

Shares of NYSE CABO opened at $156.2680 on Thursday. The company has a market cap of $879.79 million, a price-to-earnings ratio of -1.77 and a beta of 0.79. Cable One, Inc. has a 12-month low of $117.54 and a 12-month high of $436.99. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.16. The stock’s 50 day simple moving average is $136.65 and its 200 day simple moving average is $199.28.

Cable One (NYSE:CABO) last announced its earnings results on Thursday, July 31st. The company reported $3.23 earnings per share for the quarter, missing the consensus estimate of $8.23 by ($5.00). The business had revenue of $381.07 million for the quarter, compared to the consensus estimate of $379.81 million. Cable One had a negative net margin of 32.18% and a positive return on equity of 8.40%. During the same period in the previous year, the firm earned $10.29 EPS. Equities research analysts expect that Cable One, Inc. will post 32.08 EPS for the current year.

Wall Street Analysts Forecast Growth

CABO has been the subject of several research reports. KeyCorp reiterated a “sector weight” rating on shares of Cable One in a research report on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on Cable One from $325.00 to $222.00 and set a “neutral” rating for the company in a research report on Tuesday, May 6th. BNP Paribas upgraded Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, June 16th. Wells Fargo & Company decreased their target price on Cable One from $210.00 to $120.00 and set an “underweight” rating for the company in a research report on Friday, August 1st. Finally, Raymond James Financial lowered Cable One from an “outperform” rating to a “market perform” rating in a research report on Friday, May 2nd. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $279.25.

Insider Buying and Selling at Cable One

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

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.