Bank of America Corp DE lowered its position in shares of Cable One, Inc. (NYSE:CABO) by 13.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,263 shares of the company’s stock after selling 2,722 shares during the period. Bank of America Corp DE owned 0.30% of Cable One worth $10,780,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Cable One by 6,855.3% in the first quarter. BlackRock Inc. now owns 439,785 shares of the company’s stock worth $274,634,000 after buying an additional 433,462 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Cable One by 6.0% in the first quarter. Vanguard Group Inc. now owns 375,043 shares of the company’s stock worth $234,203,000 after buying an additional 21,111 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in shares of Cable One by 4.8% in the first quarter. TimesSquare Capital Management LLC now owns 113,674 shares of the company’s stock worth $70,986,000 after buying an additional 5,208 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Cable One by 6.5% in the first quarter. William Blair Investment Management LLC now owns 75,837 shares of the company’s stock worth $47,358,000 after buying an additional 4,657 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Cable One by 185.4% in the first quarter. Renaissance Technologies LLC now owns 71,353 shares of the company’s stock worth $44,558,000 after buying an additional 46,353 shares during the last quarter. 73.73% of the stock is owned by institutional investors.
Shares of Cable One, Inc. (NYSE CABO) opened at 736.06 on Thursday. Cable One, Inc. has a 12 month low of $506.42 and a 12 month high of $742.13. The stock has a market capitalization of $4.21 billion, a P/E ratio of 40.26 and a beta of 0.28. The company’s 50 day moving average price is $723.38 and its 200-day moving average price is $662.38.
Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, May 4th. The company reported $5.80 EPS for the quarter, beating the Zacks’ consensus estimate of $5.62 by $0.18. Cable One had a net margin of 12.75% and a return on equity of 23.30%. The firm had revenue of $207.43 million during the quarter, compared to the consensus estimate of $205.97 million. During the same quarter last year, the firm earned $4.65 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts predict that Cable One, Inc. will post $18.42 earnings per share for the current year.
CABO has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Cable One from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 4th. SunTrust Banks, Inc. initiated coverage on Cable One in a research report on Tuesday, April 18th. They set a “buy” rating and a $715.00 price target for the company. TheStreet raised Cable One from a “c” rating to a “b-” rating in a research report on Monday, June 12th. Finally, Raymond James Financial, Inc. initiated coverage on Cable One in a research report on Thursday, June 8th. They set an “outperform” rating and a $785.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Cable One has a consensus rating of “Hold” and a consensus target price of $655.75.
In related news, SVP Eric Michael Lardy sold 322 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $725.00, for a total value of $233,450.00. Following the sale, the senior vice president now directly owns 2,542 shares of the company’s stock, valued at approximately $1,842,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Donald Graham sold 4,100 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $716.05, for a total transaction of $2,935,805.00. Following the completion of the sale, the insider now directly owns 246,985 shares in the company, valued at $176,853,609.25. The disclosure for this sale can be found here. Insiders sold a total of 9,022 shares of company stock worth $6,483,807 over the last three months. 1.30% of the stock is currently owned by corporate insiders.
Cable One Company Profile
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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