Cwm LLC Grows Stock Position in Cable One, Inc. $CABO

Cwm LLC boosted its stake in shares of Cable One, Inc. (NYSE:CABO) by 960.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,279 shares of the company’s stock after purchasing an additional 2,064 shares during the quarter. Cwm LLC’s holdings in Cable One were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. DAVENPORT & Co LLC grew its position in shares of Cable One by 249.2% during the second quarter. DAVENPORT & Co LLC now owns 242,962 shares of the company’s stock worth $32,997,000 after buying an additional 173,384 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Cable One by 57.0% in the first quarter. Canada Pension Plan Investment Board now owns 323,300 shares of the company’s stock valued at $85,923,000 after acquiring an additional 117,389 shares in the last quarter. Clarkston Capital Partners LLC lifted its stake in Cable One by 34.2% in the first quarter. Clarkston Capital Partners LLC now owns 357,192 shares of the company’s stock worth $94,931,000 after acquiring an additional 90,934 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in Cable One by 27.2% in the first quarter. Burgundy Asset Management Ltd. now owns 402,403 shares of the company’s stock worth $106,947,000 after acquiring an additional 86,019 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Cable One by 14,346.4% during 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. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Stock Up 1.3%

Shares of NYSE CABO opened at $160.74 on Monday. The business has a 50-day moving average price of $164.44 and a 200 day moving average price of $164.46. The stock has a market cap of $904.97 million, a PE ratio of -1.82 and a beta of 0.87. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.16. Cable One, Inc. has a 52-week low of $117.54 and a 52-week high of $436.99.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Friday. Wells Fargo & Company dropped their target price on Cable One from $210.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday, August 1st. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $279.25.

About Cable One

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.