Mraz Amerine & Associates Inc. Has $1.12 Million Position in Cable One, Inc. $CABO

Mraz Amerine & Associates Inc. grew its stake in shares of Cable One, Inc. (NYSE:CABO) by 31.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,212 shares of the company’s stock after acquiring an additional 1,958 shares during the period. Mraz Amerine & Associates Inc. owned 0.15% of Cable One worth $1,115,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wedge Capital Management L L P NC acquired a new stake in Cable One during the first quarter valued at $1,745,000. Kingsview Wealth Management LLC lifted its holdings in shares of Cable One by 19.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 28,349 shares of the company’s stock valued at $7,534,000 after buying an additional 4,689 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Cable One by 16.8% during the 1st quarter. DAVENPORT & Co LLC now owns 69,578 shares of the company’s stock valued at $18,631,000 after buying an additional 9,989 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Cable One by 47.9% in the 1st quarter. Brown Advisory Inc. now owns 131,576 shares of the company’s stock valued at $34,969,000 after buying an additional 42,606 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Cable One by 14,346.4% in the first quarter. Pacer Advisors Inc. now owns 59,808 shares of the company’s stock worth $15,895,000 after buying an additional 59,394 shares during the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CABO. 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 note on Monday, June 16th. Wells Fargo & Company cut their price target on shares of Cable One from $210.00 to $120.00 and set an “underweight” rating on the stock in a report on Friday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cable One in a report on Saturday, September 27th. Finally, BNP Paribas upgraded Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, June 16th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $279.25.

Cable One Price Performance

NYSE CABO opened at $174.74 on Tuesday. Cable One, Inc. has a 1 year low of $117.54 and a 1 year high of $436.99. The company has a fifty day simple moving average of $158.21 and a 200 day simple moving average of $174.18. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 2.16. The company has a market cap of $983.81 million, a P/E ratio of -1.98 and a beta of 0.87.

Cable One (NYSE:CABO) last released its earnings results 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). Cable One had a positive return on equity of 8.40% and a negative net margin of 32.18%.The firm had revenue of $381.07 million for the quarter, compared to analyst estimates of $379.81 million. During the same period in the prior year, the firm earned $10.29 EPS. On average, sell-side analysts predict that Cable One, Inc. will post 32.08 EPS for the current year.

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.