Burgundy Asset Management Ltd. Purchases 72,327 Shares of Cable One, Inc. $CABO

Burgundy Asset Management Ltd. increased its holdings in shares of Cable One, Inc. (NYSE:CABO) by 18.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 474,730 shares of the company’s stock after buying an additional 72,327 shares during the period. Burgundy Asset Management Ltd. owned about 8.43% of Cable One worth $64,473,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CABO. Police & Firemen s Retirement System of New Jersey raised its position in Cable One by 7.9% during 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 purchasing an additional 96 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cable One by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,361 shares of the company’s stock worth $893,000 after acquiring an additional 151 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of Cable One by 5,233.3% in the first quarter. Brooklyn Investment Group now owns 160 shares of the company’s stock worth $43,000 after acquiring an additional 157 shares during the period. Ancora Advisors LLC lifted its stake in shares of Cable One by 26.9% in the first quarter. Ancora Advisors LLC now owns 825 shares of the company’s stock worth $219,000 after acquiring an additional 175 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in Cable One by 7.3% in the second quarter. State of Alaska Department of Revenue now owns 2,743 shares of the company’s stock valued at $371,000 after acquiring an additional 187 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Cable One Price Performance

Shares of NYSE:CABO opened at $127.16 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 1.88. The stock’s fifty day simple moving average is $141.31 and its two-hundred day simple moving average is $144.43. Cable One, Inc. has a 1-year low of $96.67 and a 1-year high of $428.14. The stock has a market cap of $717.15 million, a PE ratio of -1.56 and a beta of 0.79.

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 negative net margin of 29.78% and a positive return on equity of 7.96%. The firm had revenue of $376.01 million during the quarter, compared to analysts’ expectations of $378.96 million. As a group, analysts forecast that Cable One, Inc. will post 32.08 EPS for the current fiscal year.

Analyst Ratings Changes

CABO has been the topic of several recent analyst reports. Zacks Research lowered Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 25th. Wells Fargo & Company dropped their target price on shares of Cable One from $120.00 to $107.00 and set an “underweight” rating on the stock in a research report on Friday, November 7th. 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. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $256.75.

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.