BlackRock Group LTD boosted its stake in shares of Cable One, Inc. (NYSE:CABO) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,483 shares of the company’s stock after buying an additional 574 shares during the period. BlackRock Group LTD owned approximately 0.23% of Cable One worth $7,875,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE raised its position in Cable One by 2.6% in the third quarter. US Bancorp DE now owns 198 shares of the company’s stock valued at $116,000 after buying an additional 5 shares during the last quarter. LS Investment Advisors LLC raised its position in Cable One by 67.7% in the second quarter. LS Investment Advisors LLC now owns 265 shares of the company’s stock valued at $136,000 after buying an additional 107 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Cable One during the second quarter valued at about $169,000. Savant Capital LLC bought a new position in Cable One during the second quarter valued at about $215,000. Finally, Jefferies Group LLC bought a new position in Cable One during the second quarter valued at about $219,000. Hedge funds and other institutional investors own 69.76% of the company’s stock.

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

Cable One, Inc. (NYSE:CABO) traded up 1.12% during midday trading on Friday, reaching $580.48. The company’s stock had a trading volume of 1,949 shares. The company’s 50-day moving average is $606.01 and its 200 day moving average is $565.94. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 33.46 and a beta of 0.32. Cable One, Inc. has a 12-month low of $390.00 and a 12-month high of $635.85.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $3.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.69 by $1.06. Cable One had a net margin of 12.33% and a return on equity of 23.31%. The business earned $205.50 million during the quarter, compared to analysts’ expectations of $203.48 million. During the same quarter in the previous year, the firm earned $3.30 earnings per share. Cable One’s revenue was up 3.7% on a year-over-year basis. Equities analysts forecast that Cable One, Inc. will post $18.19 earnings per share for the current year.

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CABO has been the topic of several recent research reports. Zacks Investment Research lowered Cable One from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Moffett Nathanson lowered Cable One from a “neutral” rating to a “sell” rating and set a $408.00 price target on the stock. in a research report on Wednesday, January 4th.

Cable One Company Profile

Cable One, Inc is a provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It provides these broadband services to residential and business customers in approximately 40 cable systems covering over 400 cities and towns.

5 Day Chart for NYSE:CABO

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