Charles Schwab Investment Management Inc. Buys 7,635 Shares of Cable One, Inc. $CABO

Charles Schwab Investment Management Inc. grew its stake in Cable One, Inc. (NYSE:CABO) by 8.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,411 shares of the company’s stock after purchasing an additional 7,635 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.68% of Cable One worth $25,092,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. SummerHaven Investment Management LLC lifted its stake in shares of Cable One by 2.0% in the 1st quarter. SummerHaven Investment Management LLC now owns 2,392 shares of the company’s stock valued at $636,000 after purchasing an additional 47 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Cable One by 21.3% in the 1st quarter. Spire Wealth Management now owns 382 shares of the company’s stock valued at $102,000 after purchasing an additional 67 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Cable One in the 1st quarter valued at approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cable One by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,210 shares of the company’s stock valued at $1,162,000 after purchasing an additional 129 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Cable One by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 3,448 shares of the company’s stock valued at $1,249,000 after purchasing an additional 189 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on CABO. KeyCorp reaffirmed a “sector weight” rating on shares of Cable One in a research note on Friday, May 2nd. Wells Fargo & Company lowered their price objective on Cable One from $210.00 to $120.00 and set an “underweight” rating for the company in a research note on Friday, August 1st. BNP Paribas Exane raised Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 price objective for the company in a research note on Monday, June 16th. BNP Paribas raised Cable One from a “strong sell” rating to a “hold” rating in a research note on Monday, June 16th. Finally, Raymond James Financial downgraded Cable One from an “outperform” rating to a “market perform” rating in a report on Friday, May 2nd. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cable One has a consensus rating of “Reduce” and an average target price of $279.25.

Insider Buying and Selling at Cable One

In other news, Director Mary E. Meduski acquired 250 shares of Cable One stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost of $148.00 per share, for a total transaction of $37,000.00. Following the acquisition, the director directly owned 3,599 shares of the company’s stock, valued at $532,652. This trade represents a 7.46% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Wallace R. Weitz acquired 7,000 shares of Cable One stock in a transaction on 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 acquisition, the director directly owned 17,140 shares in the company, valued at $2,271,564.20. This trade represents a 69.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,400 shares of company stock worth $984,342 over the last 90 days. 0.90% of the stock is currently owned by company insiders.

Cable One Trading Down 2.4%

Shares of NYSE CABO opened at $156.2680 on Thursday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.37 and a current ratio of 0.37. The business’s 50 day moving average price is $136.65 and its 200-day moving average price is $199.28. Cable One, Inc. has a fifty-two week low of $117.54 and a fifty-two week high of $436.99. 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 (NYSE:CABO) last issued its quarterly 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). Cable One had a positive return on equity of 8.40% and a negative net margin of 32.18%.The business had revenue of $381.07 million during the quarter, compared to analysts’ expectations of $379.81 million. During the same quarter in the previous year, the company posted $10.29 earnings per share. On average, sell-side analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current year.

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.