Cable One, Inc. (NYSE:CABO) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. lessened its stake in Cable One, Inc. (NYSE:CABO) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,970 shares of the company’s stock after selling 6,330 shares during the period. Brown Advisory Inc.’s holdings in Cable One were worth $32,218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CABO. Summit Investment Advisors Inc. increased its holdings in shares of Cable One by 6.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 590 shares of the company’s stock valued at $214,000 after purchasing an additional 37 shares during the period. Global Retirement Partners LLC grew its position in Cable One by 15.5% in the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock valued at $124,000 after buying an additional 46 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Cable One by 2.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock valued at $974,000 after buying an additional 61 shares during the period. PNC Financial Services Group Inc. raised its position in Cable One by 18.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock worth $151,000 after buying an additional 65 shares during the last quarter. Finally, KBC Group NV raised its position in Cable One by 45.0% during the 4th quarter. KBC Group NV now owns 232 shares of the company’s stock worth $84,000 after buying an additional 72 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Stock Up 15.1 %

CABO opened at $175.57 on Tuesday. The firm has a market cap of $988.11 million, a P/E ratio of 4.06 and a beta of 1.00. The business’s fifty day simple moving average is $256.32 and its 200 day simple moving average is $319.22. Cable One, Inc. has a 52 week low of $150.00 and a 52 week high of $437.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

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 net margin of 15.86% and a return on equity of 10.98%. As a group, equities research analysts anticipate that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CABO shares. Raymond James lowered shares of Cable One from an “outperform” rating to a “market perform” rating in a research note on Friday. KeyCorp reissued a “sector weight” rating on shares of Cable One in a report on Friday. Wells Fargo & Company dropped their price objective on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price target on Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd.

Insider Buying and Selling at Cable One

In related news, Director Wallace R. Weitz acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the acquisition, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

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.