Northern Trust Corp Raises Holdings in Cable One, Inc. (NYSE:CABO)

Northern Trust Corp boosted its holdings in shares of Cable One, Inc. (NYSE:CABO) by 18.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,507 shares of the company’s stock after buying an additional 10,493 shares during the quarter. Northern Trust Corp’s holdings in Cable One were worth $24,084,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Cable One during the fourth quarter valued at approximately $28,129,000. Charles Schwab Investment Management Inc. grew its holdings in Cable One by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company’s stock worth $31,423,000 after purchasing an additional 7,055 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in Cable One by 5.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company’s stock worth $8,568,000 after purchasing an additional 1,297 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Cable One in the fourth quarter worth $10,491,000. Finally, Bank of New York Mellon Corp grew its holdings in Cable One by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company’s stock worth $26,439,000 after purchasing an additional 2,627 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a report on Friday, February 28th. KeyCorp reaffirmed a “sector weight” rating on shares of Cable One in a report on Friday, May 2nd. Raymond James lowered shares of Cable One from an “outperform” rating to a “market perform” rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Cable One from $325.00 to $222.00 and set a “neutral” rating on the stock in a report on Tuesday, May 6th.

Insider Activity at Cable One

In other news, Director Wallace R. Weitz acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the transaction, the director now owns 5,584 shares in the company, valued at approximately $1,362,607.68. The trade was a 21.82% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by insiders.

Cable One Price Performance

Shares of CABO opened at $172.05 on Tuesday. The firm has a market capitalization of $968.30 million, a PE ratio of 3.98 and a beta of 1.00. The company’s fifty day moving average price is $248.18 and its 200-day moving average price is $313.26. Cable One, Inc. has a 1-year low of $150.00 and a 1-year high of $437.00. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.21 by $0.11. The company had revenue of $380.60 million during the quarter, compared to the consensus estimate of $386.61 million. Cable One had a net margin of 15.86% and a return on equity of 10.98%. On average, equities research analysts predict that Cable One, Inc. will post 32.08 EPS for the current year.

About Cable One

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.