Nordea Investment Management AB Boosts Stock Holdings in Cable One, Inc. $CABO

Nordea Investment Management AB raised its holdings in Cable One, Inc. (NYSE:CABO) by 140.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,874 shares of the company’s stock after purchasing an additional 30,854 shares during the period. Nordea Investment Management AB’s holdings in Cable One were worth $7,024,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Burgundy Asset Management Ltd. boosted its position in shares of Cable One by 27.2% in the first quarter. Burgundy Asset Management Ltd. now owns 402,403 shares of the company’s stock valued at $106,947,000 after acquiring an additional 86,019 shares during the period. Clarkston Capital Partners LLC boosted its position in shares of Cable One by 34.2% in the first quarter. Clarkston Capital Partners LLC now owns 357,192 shares of the company’s stock valued at $94,931,000 after acquiring an additional 90,934 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Cable One by 57.0% in the first quarter. Canada Pension Plan Investment Board now owns 323,300 shares of the company’s stock valued at $85,923,000 after acquiring an additional 117,389 shares during the period. DAVENPORT & Co LLC boosted its position in shares of Cable One by 249.2% in the second quarter. DAVENPORT & Co LLC now owns 242,962 shares of the company’s stock valued at $32,997,000 after acquiring an additional 173,384 shares during the period. Finally, Private Management Group Inc. boosted its position in shares of Cable One by 34.3% in the first quarter. Private Management Group Inc. now owns 152,567 shares of the company’s stock valued at $40,548,000 after acquiring an additional 38,965 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Trading Up 2.0%

Shares of Cable One stock opened at $167.24 on Tuesday. Cable One, Inc. has a 1 year low of $117.54 and a 1 year high of $436.99. The firm has a market cap of $941.58 million, a PE ratio of -1.89 and a beta of 0.87. The company has a debt-to-equity ratio of 2.16, a current ratio of 0.37 and a quick ratio of 0.37. The company has a 50 day simple moving average of $163.53 and a two-hundred day simple moving average of $166.93.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, July 31st. The company reported $3.23 earnings per share for the quarter, missing analysts’ consensus estimates of $8.23 by ($5.00). The business had revenue of $381.07 million during the quarter, compared to the consensus estimate of $379.81 million. Cable One had a positive return on equity of 8.40% and a negative net margin of 32.18%.During the same quarter in the previous year, the firm posted $10.29 earnings per share. Analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Cable One from $210.00 to $120.00 and set an “underweight” rating for the company in a research report on Friday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Cable One has an average rating of “Reduce” and an average target price of $279.25.

Cable One 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.