Cable One, Inc. (NYSE:CABO) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. lowered its stake in shares of Cable One, Inc. (NYSE:CABO) by 10.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,680 shares of the company’s stock after selling 450 shares during the quarter. Lee Danner & Bass Inc. owned approximately 0.07% of Cable One worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CABO. AlphaQuest LLC acquired a new position in shares of Cable One in the 4th quarter worth approximately $49,000. Farther Finance Advisors LLC boosted its holdings in Cable One by 1,435.7% in the first quarter. Farther Finance Advisors LLC now owns 215 shares of the company’s stock worth $58,000 after purchasing an additional 201 shares during the period. Federated Hermes Inc. boosted its holdings in Cable One by 201.8% in the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock worth $60,000 after purchasing an additional 111 shares during the period. Spire Wealth Management boosted its holdings in Cable One by 21.3% in the first quarter. Spire Wealth Management now owns 382 shares of the company’s stock worth $102,000 after purchasing an additional 67 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Cable One by 18.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock worth $151,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

CABO has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target on shares of Cable One from $325.00 to $222.00 and set a “neutral” rating for the company in a report on Tuesday, May 6th. 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 note on Monday, June 16th. Raymond James Financial lowered Cable One from an “outperform” rating to a “market perform” rating in a research report on Friday, May 2nd. KeyCorp restated a “sector weight” rating on shares of Cable One in a research report on Friday, May 2nd. Finally, BNP Paribas upgraded Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, June 16th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $309.25.

Cable One Trading Up 0.8%

Cable One stock opened at $137.36 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.66. The firm has a 50-day moving average price of $156.06 and a two-hundred day moving average price of $245.90. The firm has a market capitalization of $773.06 million, a price-to-earnings ratio of -54.72 and a beta of 0.81. Cable One, Inc. has a 52-week low of $121.37 and a 52-week high of $437.00.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.21 by $0.11. Cable One had a positive return on equity of 9.38% and a negative net margin of 0.69%. The business had revenue of $380.60 million during the quarter, compared to the consensus estimate of $386.61 million. Sell-side analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current year.

Insider Activity

In related news, Director Mary E. Meduski purchased 250 shares of Cable One stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost of $148.00 per share, with a total value of $37,000.00. Following the purchase, the director owned 3,599 shares in the company, valued at approximately $532,652. The trade was a 7.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wallace R. Weitz bought 7,000 shares of the business’s stock in a transaction on Friday, June 13th. The stock was purchased at an average price of $132.53 per share, with a total value of $927,710.00. Following the completion of the transaction, the director directly owned 17,140 shares of the company’s stock, valued at $2,271,564.20. This trade represents a 69.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 7,400 shares of company stock valued at $984,342 in the last ninety days. Corporate insiders own 0.90% of the company’s stock.

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.