Cable One, Inc. (NYSE:CABO) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. grew its position in Cable One, Inc. (NYSE:CABOFree Report) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 89,658 shares of the company’s stock after purchasing an additional 4,124 shares during the period. Brown Advisory Inc.’s holdings in Cable One were worth $49,903,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Cable One by 11.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock valued at $149,447,000 after purchasing an additional 27,635 shares during the period. Burgundy Asset Management Ltd. boosted its stake in shares of Cable One by 24.8% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company’s stock valued at $95,484,000 after buying an additional 30,831 shares during the period. River Road Asset Management LLC increased its stake in shares of Cable One by 20.4% in the third quarter. River Road Asset Management LLC now owns 111,388 shares of the company’s stock worth $68,575,000 after acquiring an additional 18,896 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Cable One by 16.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company’s stock worth $61,435,000 after acquiring an additional 15,907 shares in the last quarter. Finally, London Co. of Virginia boosted its position in Cable One by 33.4% during the third quarter. London Co. of Virginia now owns 69,619 shares of the company’s stock valued at $42,860,000 after purchasing an additional 17,420 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Activity at Cable One

In other Cable One news, insider Christopher D. Boone sold 204 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the transaction, the insider now owns 1,854 shares of the company’s stock, valued at approximately $852,840. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Moffett Nathanson raised Cable One from a “neutral” rating to a “buy” rating and set a $615.00 target price for the company in a research report on Tuesday, March 5th. TD Cowen lowered their price target on Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Wells Fargo & Company cut their price objective on Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research report on Friday, May 3rd. Finally, KeyCorp dropped their price target on Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $590.83.

Get Our Latest Analysis on CABO

Cable One Stock Performance

Shares of NYSE CABO traded down $7.92 during trading hours on Friday, reaching $387.44. The stock had a trading volume of 103,330 shares, compared to its average volume of 155,141. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 8.87 and a beta of 0.80. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.86 and a quick ratio of 1.86. The business’s fifty day moving average is $409.41 and its two-hundred day moving average is $486.06. Cable One, Inc. has a twelve month low of $369.13 and a twelve month high of $749.00.

Cable One (NYSE:CABOGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $8.11 EPS for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). The firm had revenue of $404.30 million during the quarter, compared to analyst estimates of $408.79 million. Cable One had a net margin of 15.50% and a return on equity of 12.76%. Cable One’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $9.62 earnings per share. As a group, research analysts expect that Cable One, Inc. will post 32.41 EPS for the current year.

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th will be issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, May 24th. Cable One’s payout ratio is presently 27.02%.

Cable One Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CABO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cable One, Inc. (NYSE:CABOFree Report).

Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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