Private Management Group Inc. Boosts Stock Holdings in Cable One, Inc. $CABO

Private Management Group Inc. boosted its holdings in shares of Cable One, Inc. (NYSE:CABO) by 103.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 311,131 shares of the company’s stock after purchasing an additional 158,564 shares during the period. Cable One comprises approximately 1.4% of Private Management Group Inc.’s holdings, making the stock its 10th largest holding. Private Management Group Inc. owned about 0.06% of Cable One worth $42,255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey grew its position in shares of Cable One by 7.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 1,312 shares of the company’s stock worth $178,000 after buying an additional 96 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Cable One in the first quarter valued at $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cable One by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock valued at $893,000 after acquiring an additional 151 shares in the last quarter. Brooklyn Investment Group increased its position in Cable One by 5,233.3% during the 1st quarter. Brooklyn Investment Group now owns 160 shares of the company’s stock valued at $43,000 after purchasing an additional 157 shares during the period. Finally, Ancora Advisors LLC raised its holdings in Cable One by 26.9% in the 1st quarter. Ancora Advisors LLC now owns 825 shares of the company’s stock worth $219,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Stock Up 8.3%

Shares of Cable One stock opened at $108.75 on Friday. Cable One, Inc. has a 1 year low of $96.67 and a 1 year high of $436.99. The firm has a market cap of $613.33 million, a price-to-earnings ratio of -1.34 and a beta of 0.86. The company has a 50-day moving average of $151.28 and a 200 day moving average of $148.01. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.38 and a quick ratio of 0.38.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $5.17 EPS for the quarter, missing the consensus estimate of $9.25 by ($4.08). Cable One had a positive return on equity of 7.96% and a negative net margin of 29.78%.The business had revenue of $376.01 million for the quarter, compared to the consensus estimate of $378.96 million. As a group, sell-side analysts anticipate that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CABO shares. JPMorgan Chase & Co. cut their target price on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cable One in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their target price on Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research report on Friday, November 7th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $256.75.

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.