London Co. of Virginia Lowers Position in Cable One, Inc. (NYSE:CABO)

London Co. of Virginia trimmed its position in shares of Cable One, Inc. (NYSE:CABO) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,810 shares of the company’s stock after selling 3,352 shares during the quarter. London Co. of Virginia’s holdings in Cable One were worth $28,177,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CABO. Nisa Investment Advisors LLC grew its position in shares of Cable One by 523.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock valued at $95,000 after acquiring an additional 220 shares during the period. Rothschild & Co Wealth Management UK Ltd raised its stake in shares of Cable One by 1.5% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock worth $106,608,000 after buying an additional 4,352 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Cable One during the 4th quarter valued at approximately $50,000. KBC Group NV increased its holdings in Cable One by 45.0% in the 4th quarter. KBC Group NV now owns 232 shares of the company’s stock worth $84,000 after acquiring an additional 72 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Cable One by 102.0% in the 4th quarter. Pacer Advisors Inc. now owns 414 shares of the company’s stock worth $150,000 after acquiring an additional 209 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Price Performance

Shares of CABO stock opened at $165.85 on Monday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $933.40 million, a PE ratio of 3.84 and a beta of 1.00. The firm’s 50-day moving average is $249.81 and its two-hundred day moving average is $314.46. Cable One, Inc. has a 12 month low of $150.00 and a 12 month high of $437.00.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, beating the consensus estimate of $12.21 by $0.11. The business had revenue of $380.60 million for the quarter, compared to analyst estimates of $386.61 million. Cable One had a return on equity of 10.98% and a net margin of 15.86%. Analysts predict that Cable One, Inc. will post 32.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. KeyCorp reiterated a “sector weight” rating on shares of Cable One in a research report on Friday, May 2nd. JPMorgan Chase & Co. decreased their target price on Cable One from $325.00 to $222.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their target price on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th. Finally, Raymond James downgraded shares of Cable One from an “outperform” rating to a “market perform” rating in a research note on Friday, May 2nd.

Insider Transactions at Cable One

In other news, Director Wallace R. Weitz acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $244.02 per share, with a total value of $244,020.00. Following the completion of the purchase, the director now owns 5,584 shares of the company’s stock, valued at $1,362,607.68. This represents a 21.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.90% of the company’s stock.

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.