Timber Hill LLC boosted its position in Cable One Inc (NYSE:CABO) by 6.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 351 shares of the company’s stock after buying an additional 21 shares during the period. Timber Hill LLC’s holdings in Cable One were worth $219,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Fiduciary Management Inc. WI boosted its stake in shares of Cable One by 3.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 115,899 shares of the company’s stock worth $72,058,000 after buying an additional 3,851 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Cable One by 1.3% in the fourth quarter. William Blair Investment Management LLC now owns 71,180 shares of the company’s stock worth $44,255,000 after buying an additional 883 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Cable One by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 64,317 shares of the company’s stock worth $40,165,000 after buying an additional 2,036 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Cable One by 231.0% in the fourth quarter. Macquarie Group Ltd. now owns 63,698 shares of the company’s stock worth $39,603,000 after buying an additional 44,453 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Cable One during the fourth quarter worth about $27,365,000. Institutional investors and hedge funds own 69.17% of the company’s stock.
Shares of Cable One Inc (NYSE:CABO) traded up 0.93% on Friday, reaching $688.25. The company had a trading volume of 55,197 shares. The firm has a market cap of $3.94 billion, a P/E ratio of 37.65 and a beta of 0.32. Cable One Inc has a one year low of $471.24 and a one year high of $693.80. The company has a 50-day moving average price of $659.33 and a 200-day moving average price of $626.07.
Cable One (NYSE:CABO) last released its earnings results on Thursday, May 4th. The company reported $5.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.62 by $0.18. The company had revenue of $207.43 million during the quarter, compared to analysts’ expectations of $205.97 million. Cable One had a return on equity of 23.31% and a net margin of 12.33%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $4.65 EPS. On average, analysts expect that Cable One Inc will post $25.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Tuesday, May 16th will be paid a $1.50 dividend. The ex-dividend date is Friday, May 12th. This represents a $6.00 annualized dividend and a dividend yield of 0.87%. Cable One’s dividend payout ratio (DPR) is currently 34.60%.
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A number of equities analysts have issued reports on CABO shares. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $715.00 target price on the stock in a research report on Monday, March 13th. SunTrust Banks, Inc. began coverage on Cable One in a research note on Tuesday, April 18th. They set a “buy” rating and a $715.00 price objective for the company.
In other news, Director Katharine Weymouth sold 5,000 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $627.56, for a total value of $3,137,800.00. Following the sale, the director now directly owns 8,159 shares in the company, valued at $5,120,262.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin P. Coyle sold 497 shares of the business’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $633.94, for a total value of $315,068.18. Following the completion of the sale, the chief financial officer now owns 4,440 shares in the company, valued at $2,814,693.60. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
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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