121 Shares in Cable One, Inc. (NYSE:CABO) Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC acquired a new position in Cable One, Inc. (NYSE:CABOGet Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 121 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CABO. Wells Fargo & Company MN lifted its stake in Cable One by 12.9% in the 2nd quarter. Wells Fargo & Company MN now owns 640 shares of the company’s stock worth $1,224,000 after purchasing an additional 73 shares in the last quarter. Morgan Stanley lifted its stake in Cable One by 7.7% in the 2nd quarter. Morgan Stanley now owns 16,161 shares of the company’s stock worth $30,914,000 after purchasing an additional 1,150 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Cable One by 19.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 604 shares of the company’s stock worth $1,095,000 after purchasing an additional 100 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in Cable One by 15.8% in the 3rd quarter. Advisor Group Holdings Inc. now owns 1,272 shares of the company’s stock worth $2,304,000 after purchasing an additional 174 shares in the last quarter. Finally, Barclays PLC lifted its stake in Cable One by 0.3% in the 3rd quarter. Barclays PLC now owns 7,278 shares of the company’s stock worth $13,196,000 after purchasing an additional 25 shares in the last quarter. 89.51% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Cable One from $2,000.00 to $1,400.00 in a research report on Friday, May 6th. Zacks Investment Research lowered shares of Cable One from a “buy” rating to a “hold” rating in a research report on Tuesday. KeyCorp reduced their price target on shares of Cable One from $2,326.00 to $1,896.00 in a research report on Friday, May 6th. Cowen reduced their price target on shares of Cable One from $2,000.00 to $1,800.00 in a research report on Friday, February 25th. Finally, StockNews.com assumed coverage on shares of Cable One in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $1,751.14.

Cable One stock traded up $55.54 during trading on Thursday, hitting $1,123.10. The company had a trading volume of 63,734 shares, compared to its average volume of 44,562. Cable One, Inc. has a 1-year low of $1,049.81 and a 1-year high of $2,136.14. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.12. The company’s 50 day simple moving average is $1,390.67 and its 200-day simple moving average is $1,567.15. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 17.11 and a beta of 0.74.

Cable One (NYSE:CABOGet Rating) last posted its earnings results on Thursday, May 5th. The company reported $26.85 earnings per share for the quarter, beating the consensus estimate of $12.03 by $14.82. Cable One had a net margin of 23.34% and a return on equity of 22.75%. The firm had revenue of $426.70 million during the quarter, compared to the consensus estimate of $427.97 million. During the same quarter last year, the firm earned $11.19 EPS. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. As a group, analysts forecast that Cable One, Inc. will post 50.95 earnings per share for the current fiscal year.

Cable One Company Profile (Get Rating)

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 residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive and electronic programming guide with parental controls.

See Also

Want to see what other hedge funds are holding CABO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cable One, Inc. (NYSE:CABOGet Rating).

Institutional Ownership by Quarter for Cable One (NYSE:CABO)

Receive News & Ratings for Cable One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cable One and related companies with MarketBeat.com's FREE daily email newsletter.