Cwm LLC bought a new stake in Cable One Inc (NYSE:CABO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 200 shares of the company’s stock, valued at approximately $251,000.
Several other institutional investors have also recently bought and sold shares of CABO. Advisory Services Network LLC increased its position in Cable One by 450.0% in the 2nd quarter. Advisory Services Network LLC now owns 22 shares of the company’s stock valued at $26,000 after acquiring an additional 18 shares during the period. Machina Capital S.A.S. acquired a new position in Cable One in the 2nd quarter valued at about $35,000. NEXT Financial Group Inc acquired a new position in Cable One in the 2nd quarter valued at about $180,000. Ladenburg Thalmann Financial Services Inc. increased its position in Cable One by 7.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 168 shares of the company’s stock valued at $197,000 after acquiring an additional 11 shares during the period. Finally, Hanseatic Management Services Inc. increased its position in Cable One by 6.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 169 shares of the company’s stock valued at $198,000 after acquiring an additional 10 shares during the period. 80.83% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on CABO. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $1,414.00 price target on the stock in a research report on Tuesday, October 8th. ValuEngine cut Cable One from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. KeyCorp restated an “overweight” rating and issued a $1,482.00 price target (up previously from $1,316.00) on shares of Cable One in a research report on Wednesday, September 4th. Wolfe Research upgraded Cable One from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 23rd. Finally, B. Riley set a $1,400.00 price target on Cable One and gave the company a “buy” rating in a research report on Thursday, August 29th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Cable One presently has an average rating of “Hold” and a consensus target price of $1,303.20.
NYSE CABO opened at $1,313.75 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.68. The business’s 50 day moving average is $1,271.88 and its two-hundred day moving average is $1,192.60. Cable One Inc has a 12-month low of $767.15 and a 12-month high of $1,332.24. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 45.66 and a beta of 0.40.
Cable One (NYSE:CABO) last released its earnings results on Wednesday, August 7th. The company reported $6.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $7.76 by ($1.41). Cable One had a return on equity of 21.26% and a net margin of 14.10%. The business had revenue of $285.70 million for the quarter, compared to analyst estimates of $283.61 million. During the same quarter in the previous year, the firm posted $7.65 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts forecast that Cable One Inc will post 30.03 earnings per share for the current fiscal year.
In related news, COO Michael E. Bowker sold 300 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,246.80, for a total value of $374,040.00. Following the sale, the chief operating officer now owns 1,718 shares in the company, valued at approximately $2,142,002.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Julia M. Laulis sold 668 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,279.79, for a total value of $854,899.72. Following the completion of the sale, the chief executive officer now owns 2,896 shares in the company, valued at approximately $3,706,271.84. The disclosure for this sale can be found here. Insiders have sold a total of 1,630 shares of company stock worth $2,059,962 in the last quarter. 1.10% of the stock is currently owned by insiders.
Cable One Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.
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