WEITZ WALLACE R

CABO Director Weitz buys 7,000 shares in 2 transactions for $927.7K; stock down 69.1% YTD from $425.99 high.

Weitz Wallace R, a Cable One director, executed 2 separate purchases totaling 7,000 shares for $927,712.88 on 2025-06-13, raising his holdings from 10,140 to 17,140 shares (+69.0% increase in position size). The purchases occurred at an average of $132.53, just 50 basis points above the current price of $131.81 but significantly below the stock's 52-week high of $425.99 (stock is -69.1% from that peak and -18.1% over 30 days). A cluster pattern is present: 2 other insiders also bought within the past 14 days. However, Weitz's prior transaction history at CABO shows poor 90-day timing (0 of 3 buys were well-timed), with his most recent two March purchases each delivering -41.2% and -42.2% returns over 90 days respectively. The company faces headwinds with annual revenue growth of -5.9% and a P/E of 51.09 despite net income of only $2.6M on $380.6M in quarterly revenue, suggesting margin compression or operational challenges that warrant monitoring against the magnitude of this purchase.

Director Wallace Weitz buys 4,000 shares (4.0K) at avg $245.50, holdings up 87.3%; stock now -11.8% in 30 days, -39.0% in 90 days.

Wallace R. Weitz purchased 4,000 shares across 2 transactions on March 4–5, 2025 at a blended average price of $245.50, increasing his holdings from 4,584 to 8,584 shares (87.3% increase). The current price of $253.93 reflects a gain of $33.86 from the blended entry, but this follows steep recent declines: the stock is -11.8% over the past 30 days and -39.0% over the past 90 days, trading 45.7% below its 52-week high of $467.97. Weitz's prior purchase at Cable One on 2024-05-21 experienced a 30-day return of -3.6% and a 90-day return of -3.9%, indicating his past buys at this ticker have not anticipated subsequent gains. The company's fundamentals show weakening momentum, with annual revenue declining 5.9% year-over-year and a P/E ratio of 98.42, suggesting elevated valuation relative to current earnings power. The timing of this purchase during a prolonged downtrend, combined with the unfavorable pattern of his prior Cable One purchase, requires scrutiny into whether this reflects director-level conviction or data-driven rebalancing.