Cable One, Inc. (NYSE:CABO) major shareholder Donald Graham acquired 24,561 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average cost of $742.52 per share, for a total transaction of $18,237,033.72. Following the acquisition, the insider now owns 271,546 shares of the company’s stock, valued at approximately $201,628,335.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Donald Graham also recently made the following trade(s):

  • On Friday, June 16th, Donald Graham sold 1,600 shares of Cable One stock. The stock was sold at an average price of $720.20, for a total transaction of $1,152,320.00.
  • On Tuesday, June 13th, Donald Graham sold 800 shares of Cable One stock. The stock was sold at an average price of $713.45, for a total transaction of $570,760.00.
  • On Monday, June 12th, Donald Graham sold 900 shares of Cable One stock. The stock was sold at an average price of $717.70, for a total transaction of $645,930.00.
  • On Wednesday, June 14th, Donald Graham sold 4,100 shares of Cable One stock. The stock was sold at an average price of $716.05, for a total transaction of $2,935,805.00.
  • On Friday, June 9th, Donald Graham sold 1,300 shares of Cable One stock. The stock was sold at an average price of $727.34, for a total transaction of $945,542.00.

Cable One, Inc. (CABO) traded down 0.56% during mid-day trading on Wednesday, reaching $745.69. 14,568 shares of the company were exchanged. The stock has a market capitalization of $4.27 billion, a P/E ratio of 40.77 and a beta of 0.28. The company’s 50 day moving average price is $724.63 and its 200-day moving average price is $665.38. Cable One, Inc. has a 12 month low of $506.42 and a 12 month high of $752.47.

Cable One (NYSE:CABO) last released its earnings results on Thursday, May 4th. The company reported $5.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.62 by $0.18. The firm had revenue of $207.43 million for the quarter, compared to analysts’ expectations of $205.97 million. Cable One had a net margin of 12.75% and a return on equity of 23.30%. Cable One’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $4.65 EPS. On average, equities analysts expect that Cable One, Inc. will post $18.42 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Insider Buying: Cable One, Inc. (NYSE:CABO) Major Shareholder Acquires 24,561 Shares of Stock” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/07/26/insider-buying-cable-one-inc-nysecabo-major-shareholder-acquires-24561-shares-of-stock.html.

A number of analysts recently commented on CABO shares. SunTrust Banks, Inc. started coverage on shares of Cable One in a report on Tuesday, April 18th. They set a “buy” rating and a $715.00 price objective on the stock. Zacks Investment Research downgraded shares of Cable One from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 4th. Raymond James Financial, Inc. started coverage on shares of Cable One in a report on Thursday, June 8th. They set an “outperform” rating and a $785.00 price objective on the stock. Finally, TheStreet raised shares of Cable One from a “c” rating to a “b-” rating in a report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Cable One currently has an average rating of “Hold” and a consensus price target of $655.75.

Institutional investors have recently added to or reduced their stakes in the stock. Breton Hill Capital Ltd. boosted its position in shares of Cable One by 292.9% in the first quarter. Breton Hill Capital Ltd. now owns 1,650 shares of the company’s stock valued at $1,030,000 after buying an additional 1,230 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Cable One by 45.2% in the first quarter. Russell Investments Group Ltd. now owns 4,383 shares of the company’s stock valued at $2,737,000 after buying an additional 1,364 shares in the last quarter. First Quadrant L P CA boosted its position in shares of Cable One by 56,800.0% in the first quarter. First Quadrant L P CA now owns 4,552 shares of the company’s stock valued at $2,843,000 after buying an additional 4,544 shares in the last quarter. First Manhattan Co. boosted its position in shares of Cable One by 17.1% in the first quarter. First Manhattan Co. now owns 2,318 shares of the company’s stock valued at $1,353,000 after buying an additional 339 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Cable One by 0.7% in the first quarter. Nationwide Fund Advisors now owns 7,831 shares of the company’s stock valued at $4,890,000 after buying an additional 51 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Company Profile

Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.

Insider Buying and Selling by Quarter for Cable One (NYSE:CABO)

Receive News & Ratings for Cable One Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cable One Inc. and related companies with MarketBeat.com's FREE daily email newsletter.