Spire Wealth Management Has $113,000 Stock Holdings in Cable One, Inc. $CABO

Spire Wealth Management grew its position in Cable One, Inc. (NYSE:CABO) by 117.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 831 shares of the company’s stock after purchasing an additional 449 shares during the period. Spire Wealth Management’s holdings in Cable One were worth $113,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC increased its stake in Cable One by 19.8% in the 1st quarter. Kingsview Wealth Management LLC now owns 28,349 shares of the company’s stock valued at $7,534,000 after buying an additional 4,689 shares during the last quarter. Nordea Investment Management AB raised its stake in Cable One by 140.1% in the 2nd quarter. Nordea Investment Management AB now owns 52,874 shares of the company’s stock worth $7,024,000 after purchasing an additional 30,854 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Cable One by 47.9% in the 1st quarter. Brown Advisory Inc. now owns 131,576 shares of the company’s stock valued at $34,969,000 after buying an additional 42,606 shares in the last quarter. Pacer Advisors Inc. raised 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 valued at $15,895,000 after buying an additional 59,394 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Cable One by 294.0% during the 1st quarter. Public Sector Pension Investment Board now owns 45,164 shares of the company’s stock valued at $12,003,000 after purchasing an additional 33,702 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Price Performance

Shares of NYSE:CABO opened at $143.20 on Thursday. The company has a 50-day moving average price of $163.12 and a two-hundred day moving average price of $158.38. 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 twelve month low of $117.54 and a twelve month high of $436.99. The firm has a market capitalization of $806.07 million, a PE ratio of -1.62 and a beta of 0.86.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CABO shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on shares of 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 company. Based on data from MarketBeat.com, Cable One has an average rating of “Reduce” and an average price target 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.