Cable One, Inc. $CABO Shares Purchased by Inspire Investing LLC

Inspire Investing LLC boosted its position in Cable One, Inc. (NYSE:CABO) by 125.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,924 shares of the company’s stock after purchasing an additional 1,627 shares during the period. Inspire Investing LLC owned about 0.05% of Cable One worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC lifted its position in Cable One by 19.8% in the first quarter. Kingsview Wealth Management LLC now owns 28,349 shares of the company’s stock valued at $7,534,000 after purchasing an additional 4,689 shares during the period. DAVENPORT & Co LLC lifted its position in Cable One by 16.8% in the first quarter. DAVENPORT & Co LLC now owns 69,578 shares of the company’s stock valued at $18,631,000 after purchasing an additional 9,989 shares during the period. Brown Advisory Inc. lifted its position in Cable One by 47.9% in the first quarter. Brown Advisory Inc. now owns 131,576 shares of the company’s stock valued at $34,969,000 after purchasing an additional 42,606 shares during the period. Pacer Advisors Inc. lifted its position in Cable One by 14,346.4% in the first quarter. Pacer Advisors Inc. now owns 59,808 shares of the company’s stock valued at $15,895,000 after purchasing an additional 59,394 shares during the period. Finally, Public Sector Pension Investment Board lifted its position in shares of Cable One by 294.0% during the 1st quarter. Public Sector Pension Investment Board now owns 45,164 shares of the company’s stock valued at $12,003,000 after acquiring an additional 33,702 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Price Performance

CABO stock opened at $152.72 on Tuesday. Cable One, Inc. has a 1 year low of $117.54 and a 1 year high of $436.99. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.37 and a current ratio of 0.37. The stock’s 50 day moving average price is $160.93 and its 200 day moving average price is $170.56. The firm has a market cap of $859.84 million, a P/E ratio of -1.73 and a beta of 0.87.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, July 31st. The company reported $3.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.23 by ($5.00). Cable One had a negative net margin of 32.18% and a positive return on equity of 8.40%. The company had revenue of $381.07 million during the quarter, compared to analysts’ expectations of $379.81 million. During the same period in the previous year, the company posted $10.29 EPS. On average, sell-side analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CABO. BNP Paribas raised Cable One from a “strong sell” rating to a “hold” rating in a research note on Monday, June 16th. BNP Paribas Exane raised Cable One from an “underperform” rating to a “neutral” rating and set a $125.00 price target on the stock in a research note on Monday, June 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price target on Cable One from $210.00 to $120.00 and set an “underweight” rating on the stock in a research note on Friday, August 1st. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price 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.