Clarkston Capital Partners LLC Cuts Stock Position in Cable One, Inc. (NYSE:CABO)

Clarkston Capital Partners LLC reduced its stake in Cable One, Inc. (NYSE:CABO) by 0.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,887 shares of the company’s stock after selling 68 shares during the period. Cable One makes up about 1.8% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 19th biggest holding. Clarkston Capital Partners LLC owned approximately 4.89% of Cable One worth $96,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its holdings in Cable One by 50.0% in the first quarter. Janney Montgomery Scott LLC now owns 759 shares of the company’s stock worth $321,000 after purchasing an additional 253 shares during the period. Vanguard Group Inc. raised its stake in Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after acquiring an additional 48,513 shares during the period. Covestor Ltd lifted its holdings in Cable One by 142.5% in the first quarter. Covestor Ltd now owns 291 shares of the company’s stock worth $123,000 after acquiring an additional 171 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in Cable One by 26.2% in the first quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company’s stock valued at $86,353,000 after acquiring an additional 42,376 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Cable One by 3.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 3,490 shares of the company’s stock valued at $1,472,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $531.67.

Cable One Trading Down 2.5 %

Cable One stock opened at $397.64 on Monday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 9.20 and a beta of 0.84. Cable One, Inc. has a one year low of $311.28 and a one year high of $574.76. The company’s fifty day moving average price is $352.88 and its two-hundred day moving average price is $362.48. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 1.81.

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.