Connor Clark & Lunn Investment Management Ltd. Boosts Stake in Cable One, Inc. $CABO

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Cable One, Inc. (NYSE:CABO) by 278.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,617 shares of the company’s stock after acquiring an additional 22,519 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Cable One were worth $4,158,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CABO. Kingsview Wealth Management LLC increased its holdings in Cable One by 19.8% during the 1st quarter. Kingsview Wealth Management LLC now owns 28,349 shares of the company’s stock worth $7,534,000 after purchasing an additional 4,689 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Cable One by 140.1% during the second quarter. Nordea Investment Management AB now owns 52,874 shares of the company’s stock worth $7,024,000 after buying an additional 30,854 shares in the last quarter. Hussman Strategic Advisors Inc. increased its stake in shares of Cable One by 150.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 10,500 shares of the company’s stock worth $1,426,000 after buying an additional 6,300 shares during the last quarter. Pacer Advisors Inc. raised its holdings 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 acquiring an additional 59,394 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Cable One by 294.0% in the first 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 in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analysts Set New Price Targets

CABO has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Cable One from $175.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday. Wells Fargo & Company decreased their price target on Cable One from $120.00 to $107.00 and set an “underweight” rating for the company in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cable One in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $256.75.

Cable One Stock Down 5.5%

Cable One stock opened at $107.86 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.37 and a current ratio of 0.38. Cable One, Inc. has a one year low of $106.19 and a one year high of $436.99. The company has a 50-day simple moving average of $158.66 and a 200-day simple moving average of $153.38. The firm has a market capitalization of $608.30 million, a P/E ratio of -1.32 and a beta of 0.86.

Cable One (NYSE:CABO) last announced its quarterly earnings results 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 analyst estimates of $378.96 million. As a group, equities analysts expect that Cable One, Inc. will post 32.08 earnings per share for the current year.

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.