Caxton Associates LP purchased a new position in shares of Cable One, Inc. (NYSE:CABO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 800 shares of the company’s stock, valued at approximately $500,000.
A number of other hedge funds have also recently modified their holdings of CABO. Russell Investments Group Ltd. purchased a new stake in shares of Cable One during the fourth quarter worth approximately $1,881,000. Comerica Bank boosted its stake in shares of Cable One by 6.0% in the fourth quarter. Comerica Bank now owns 3,506 shares of the company’s stock worth $2,030,000 after buying an additional 197 shares during the period. FMR LLC boosted its stake in shares of Cable One by 0.5% in the fourth quarter. FMR LLC now owns 4,098 shares of the company’s stock worth $2,548,000 after buying an additional 20 shares during the period. Elkfork Partners LLC purchased a new stake in shares of Cable One during the fourth quarter worth approximately $331,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Cable One by 323.7% in the fourth quarter. Renaissance Technologies LLC now owns 25,000 shares of the company’s stock worth $15,543,000 after buying an additional 19,100 shares during the period. 73.76% of the stock is currently owned by institutional investors and hedge funds.
Cable One, Inc. (CABO) traded down 2.05% on Thursday, hitting $715.98. 38,437 shares of the stock were exchanged. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 39.17 and a beta of 0.28. Cable One, Inc. has a 12 month low of $471.24 and a 12 month high of $734.35. The company has a 50-day moving average of $698.74 and a 200-day moving average of $646.93.
Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, May 4th. The company reported $5.80 earnings per share for the quarter, beating the consensus estimate of $5.62 by $0.18. Cable One had a net margin of 12.75% and a return on equity of 23.30%. The firm had revenue of $207.43 million during the quarter, compared to analysts’ expectations of $205.97 million. During the same period in the previous year, the company earned $4.65 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts predict that Cable One, Inc. will post $18.42 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Tuesday, May 16th were given a $1.50 dividend. The ex-dividend date of this dividend was Friday, May 12th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 0.84%. Cable One’s payout ratio is currently 32.82%.
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CABO has been the topic of several research reports. Zacks Investment Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 7th. SunTrust Banks, Inc. started coverage on shares of Cable One in a report on Tuesday, April 18th. They set a “buy” rating and a $715.00 price objective on the stock. Raymond James Financial, Inc. started coverage on shares of Cable One in a report on Thursday, June 8th. They issued an “outperform” rating and a $785.00 target price on the stock. Finally, TheStreet upgraded shares of Cable One from a “c” rating to a “b-” rating in a report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $655.75.
In related news, major shareholder Donald Graham sold 1,600 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $720.20, for a total transaction of $1,152,320.00. Following the sale, the insider now owns 246,985 shares of the company’s stock, valued at $177,878,597. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Eric Michael Lardy sold 322 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $725.00, for a total transaction of $233,450.00. Following the sale, the senior vice president now directly owns 2,542 shares in the company, valued at approximately $1,842,950. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,022 shares of company stock valued at $6,483,807. Company insiders own 1.30% of the company’s stock.
About Cable One
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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