ProShare Advisors LLC reduced its holdings in shares of Cable One, Inc. (NYSE:CABO) by 16.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346 shares of the company’s stock after selling 66 shares during the period. ProShare Advisors LLC’s holdings in Cable One were worth $246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Blair William & Co. IL lifted its position in Cable One by 0.3% during the 2nd quarter. Blair William & Co. IL now owns 1,036 shares of the company’s stock valued at $736,000 after acquiring an additional 3 shares during the period. Envestnet Asset Management Inc. lifted its position in Cable One by 2.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock valued at $192,000 after acquiring an additional 8 shares during the period. Liberty Mutual Group Asset Management Inc. lifted its position in Cable One by 0.4% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 2,116 shares of the company’s stock valued at $1,322,000 after acquiring an additional 8 shares during the period. World Asset Management Inc lifted its position in Cable One by 4.3% during the 2nd quarter. World Asset Management Inc now owns 338 shares of the company’s stock valued at $240,000 after acquiring an additional 14 shares during the period. Finally, Sei Investments Co. lifted its position in Cable One by 3.1% during the 2nd quarter. Sei Investments Co. now owns 638 shares of the company’s stock valued at $453,000 after acquiring an additional 19 shares during the period. 70.34% of the stock is owned by institutional investors.

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In related news, COO Michael E. Bowker sold 1,244 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $740.59, for a total value of $921,293.96. Following the completion of the transaction, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at approximately $5,261,151.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Donald Graham acquired 24,561 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average cost of $742.52 per share, with a total value of $18,237,033.72. Following the completion of the transaction, the insider now directly owns 271,546 shares in the company, valued at $201,628,335.92. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 2,561 shares of company stock valued at $1,893,119. Insiders own 1.30% of the company’s stock.

Cable One, Inc. (NYSE CABO) opened at 758.36 on Friday. Cable One, Inc. has a 12 month low of $559.83 and a 12 month high of $761.79. The stock has a market capitalization of $4.34 billion, a PE ratio of 40.72 and a beta of 0.27. The company’s 50-day moving average is $733.94 and its 200-day moving average is $733.94.

Cable One (NYSE:CABO) last released its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.10 by ($0.13). The firm had revenue of $241.00 million for the quarter, compared to analysts’ expectations of $247.02 million. Cable One had a net margin of 12.44% and a return on equity of 22.83%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.62 earnings per share. Equities research analysts forecast that Cable One, Inc. will post $20.60 EPS for the current year.

A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Cable One from a “hold” rating to a “buy” rating and set a $837.00 price target for the company in a research report on Thursday, August 10th. BidaskClub raised shares of Cable One from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Raymond James Financial, Inc. lifted their price target on shares of Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Cable One has a consensus rating of “Hold” and a consensus target price of $693.75.

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.

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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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