Truist Financial Corp Decreases Holdings in Cable One, Inc. (NYSE:CABO)

Truist Financial Corp trimmed its stake in Cable One, Inc. (NYSE:CABO) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,528 shares of the company’s stock after selling 175 shares during the quarter. Truist Financial Corp owned approximately 0.12% of Cable One worth $3,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James & Associates lifted its stake in Cable One by 5.5% in the third quarter. Raymond James & Associates now owns 43,798 shares of the company’s stock valued at $26,964,000 after purchasing an additional 2,288 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Cable One during the 3rd quarter worth approximately $419,000. Inspire Investing LLC lifted its stake in Cable One by 5.0% in the 3rd quarter. Inspire Investing LLC now owns 502 shares of the company’s stock worth $309,000 after purchasing an additional 24 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its holdings in Cable One by 8.5% in the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 14,383 shares of the company’s stock valued at $8,855,000 after purchasing an additional 1,124 shares during the period. Finally, Autumn Glory Partners LLC grew its position in shares of Cable One by 27.7% during the 3rd quarter. Autumn Glory Partners LLC now owns 530 shares of the company’s stock valued at $326,000 after purchasing an additional 115 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Insider Activity at Cable One

In other Cable One news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the transaction, the insider now directly owns 1,854 shares of the company’s stock, valued at approximately $852,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

Cable One Stock Up 6.2 %

Shares of NYSE CABO opened at $401.89 on Tuesday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 9.20 and a beta of 0.80. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.86 and a quick ratio of 1.69. Cable One, Inc. has a one year low of $369.13 and a one year high of $749.00. The firm’s 50 day simple moving average is $419.05 and its two-hundred day simple moving average is $497.13.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share for the quarter, missing the consensus estimate of $10.78 by ($2.67). Cable One had a return on equity of 12.76% and a net margin of 15.50%. The business had revenue of $404.30 million during the quarter, compared to the consensus estimate of $408.79 million. During the same period in the prior year, the firm earned $9.62 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, analysts expect that Cable One, Inc. will post 43.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on CABO. KeyCorp dropped their price objective on Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. TD Cowen cut their price objective on Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a report on Friday. Wells Fargo & Company lowered their target price on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Moffett Nathanson raised shares of Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price target for the company in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Cable One has a consensus rating of “Hold” and a consensus price target of $590.83.

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.