III Capital Management Purchases Shares of 4,000 Cable One, Inc. $CABO

III Capital Management acquired a new position in shares of Cable One, Inc. (NYSE:CABO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,000 shares of the company’s stock, valued at approximately $543,000. III Capital Management owned 0.07% of Cable One at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its holdings in Cable One by 249.2% during the second quarter. DAVENPORT & Co LLC now owns 242,962 shares of the company’s stock worth $32,997,000 after buying an additional 173,384 shares in the last quarter. Private Management Group Inc. increased its position in shares of Cable One by 103.9% in the second quarter. Private Management Group Inc. now owns 311,131 shares of the company’s stock valued at $42,255,000 after buying an additional 158,564 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Cable One by 57.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 323,300 shares of the company’s stock worth $85,923,000 after buying an additional 117,389 shares during the period. Clarkston Capital Partners LLC lifted its position in shares of Cable One by 34.2% during the 1st quarter. Clarkston Capital Partners LLC now owns 357,192 shares of the company’s stock valued at $94,931,000 after buying an additional 90,934 shares in the last quarter. Finally, Burgundy Asset Management Ltd. grew its stake in Cable One by 27.2% in the 1st 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. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Zacks Research cut shares of Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company lowered their price objective on Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a report on Friday, November 7th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Cable One presently has a consensus rating of “Reduce” and a consensus price target of $256.75.

Cable One Price Performance

Shares of NYSE CABO opened at $132.51 on Friday. The stock has a market capitalization of $747.36 million, a price-to-earnings ratio of -1.63 and a beta of 0.79. Cable One, Inc. has a 52 week low of $96.67 and a 52 week high of $384.11. The firm has a 50-day simple moving average of $136.74 and a 200-day simple moving average of $143.72. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.88.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, November 6th. The company reported $5.17 EPS for the quarter, missing analysts’ consensus estimates of $9.25 by ($4.08). Cable One had a negative net margin of 29.78% and a positive return on equity of 7.96%. The business had revenue of $376.01 million during the quarter, compared to analyst estimates of $378.96 million. On average, equities analysts predict that Cable One, Inc. will post 32.08 earnings per share for the current fiscal 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.