Cable One, Inc. $CABO Stock Holdings Increased by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its holdings in shares of Cable One, Inc. (NYSE:CABO) by 249.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 242,962 shares of the company’s stock after acquiring an additional 173,384 shares during the quarter. DAVENPORT & Co LLC owned about 4.32% of Cable One worth $32,997,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in Cable One in the first quarter worth about $30,000. Brooklyn Investment Group lifted its stake in shares of Cable One by 5,233.3% in the 1st quarter. Brooklyn Investment Group now owns 160 shares of the company’s stock worth $43,000 after acquiring an additional 157 shares during the period. Signaturefd LLC lifted its stake in shares of Cable One by 171.2% in the 2nd quarter. Signaturefd LLC now owns 320 shares of the company’s stock worth $43,000 after acquiring an additional 202 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Cable One by 1,435.7% in the first quarter. Farther Finance Advisors LLC now owns 215 shares of the company’s stock valued at $58,000 after acquiring an additional 201 shares in the last quarter. Finally, Spire Wealth Management increased its stake in shares of Cable One by 21.3% during the first quarter. Spire Wealth Management now owns 382 shares of the company’s stock valued at $102,000 after acquiring an additional 67 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Stock Up 4.9%

Shares of Cable One stock opened at $178.44 on Monday. Cable One, Inc. has a 12-month low of $117.54 and a 12-month high of $436.99. The firm has a market capitalization of $1.00 billion, a PE ratio of -2.02 and a beta of 0.87. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 2.16. The stock’s fifty day moving average is $157.56 and its 200-day moving average is $174.75.

Cable One (NYSE:CABO) last released its quarterly 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). The company had revenue of $381.07 million during the quarter, compared to analyst estimates of $379.81 million. Cable One had a negative net margin of 32.18% and a positive return on equity of 8.40%. During the same quarter last year, the business earned $10.29 EPS. Equities analysts anticipate that Cable One, Inc. will post 32.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

CABO has been the subject of a number of research analyst reports. BNP Paribas Exane upgraded Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 target price for the company in a research report on Monday, June 16th. BNP Paribas upgraded Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, June 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a report on Saturday, September 27th. Finally, Wells Fargo & Company dropped their price target on shares of Cable One from $210.00 to $120.00 and set an “underweight” rating on the stock in a research report on Friday, August 1st. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $279.25.

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.