Cable One, Inc. (NYSE:CABO) Shares Sold by Markel Group Inc.

Markel Group Inc. decreased its stake in Cable One, Inc. (NYSE:CABO) by 76.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,900 shares of the company’s stock after selling 39,000 shares during the period. Markel Group Inc.’s holdings in Cable One were worth $3,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CABO. AlphaQuest LLC acquired a new stake in shares of Cable One in the fourth quarter valued at about $49,000. Farther Finance Advisors LLC lifted its stake in shares of Cable One by 1,435.7% in the first quarter. Farther Finance Advisors LLC now owns 215 shares of the company’s stock valued at $58,000 after purchasing an additional 201 shares during the period. Federated Hermes Inc. raised its position in Cable One by 201.8% during the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock worth $60,000 after acquiring an additional 111 shares during the last quarter. Spire Wealth Management raised its position in Cable One by 21.3% during the first quarter. Spire Wealth Management now owns 382 shares of the company’s stock worth $102,000 after acquiring an additional 67 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Cable One by 18.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock worth $151,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insider Buying and Selling

In related news, Director Mary E. Meduski bought 250 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average cost of $148.00 per share, for a total transaction of $37,000.00. Following the completion of the acquisition, the director owned 3,599 shares in the company, valued at $532,652. This trade represents a 7.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wallace R. Weitz bought 7,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was bought at an average price of $132.53 per share, with a total value of $927,710.00. Following the completion of the acquisition, the director owned 17,140 shares of the company’s stock, valued at $2,271,564.20. This trade represents a 69.03% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 7,400 shares of company stock valued at $984,342. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CABO has been the subject of a number of research reports. BNP Paribas Exane upgraded shares of Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 target price for the company in a research report on Monday, June 16th. BNP Paribas upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, June 16th. Raymond James Financial cut shares of Cable One from an “outperform” rating to a “market perform” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. cut their target price on shares of Cable One from $325.00 to $222.00 and set a “neutral” rating for the company in a research report on Tuesday, May 6th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Cable One in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $309.25.

Cable One Stock Performance

Shares of NYSE CABO opened at $124.08 on Friday. The company has a market cap of $698.55 million, a PE ratio of -49.43 and a beta of 0.81. Cable One, Inc. has a 12 month low of $117.54 and a 12 month high of $437.00. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.36 and a quick ratio of 0.36. The company has a 50-day simple moving average of $140.21 and a 200-day simple moving average of $231.83.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, May 1st. The company reported $12.32 EPS for the quarter, topping analysts’ consensus estimates of $12.21 by $0.11. The business had revenue of $380.60 million during the quarter, compared to the consensus estimate of $386.61 million. Cable One had a negative net margin of 0.69% and a positive return on equity of 9.38%. On average, equities analysts anticipate that Cable One, Inc. will post 32.08 earnings per share for the current year.

Cable One Company Profile

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.