Cornerstone Capital Management Holdings LLC. lowered its position in shares of Cable One, Inc. (NYSE:CABO) by 33.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,643 shares of the company’s stock after selling 1,320 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Cable One were worth $1,877,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Cable One by 28.3% during the second quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock valued at $116,000 after acquiring an additional 36 shares during the period. US Bancorp DE raised its holdings in shares of Cable One by 16.2% during the first quarter. US Bancorp DE now owns 230 shares of the company’s stock valued at $144,000 after acquiring an additional 32 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of Cable One during the second quarter valued at approximately $209,000. Stonebridge Capital Management Inc. acquired a new stake in shares of Cable One during the second quarter valued at approximately $213,000. Finally, Usca Ria LLC acquired a new stake in shares of Cable One during the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 70.34% of the company’s stock.
In other Cable One news, CEO Julia M. Laulis sold 867 shares of Cable One stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $736.35, for a total value of $638,415.45. Following the transaction, the chief executive officer now owns 7,642 shares of the company’s stock, valued at $5,627,186.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Donald Graham purchased 8,187 shares of the business’s stock in a transaction on Friday, July 28th. The stock was bought at an average cost of $742.52 per share, for a total transaction of $6,079,011.24. Following the purchase, the insider now owns 279,733 shares of the company’s stock, valued at approximately $207,707,347.16. The disclosure for this purchase can be found here. Insiders have sold a total of 2,561 shares of company stock worth $1,893,119 in the last three months. 1.30% of the stock is owned by insiders.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub lowered shares of Cable One from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Finally, Raymond James Financial, Inc. boosted their price target on shares of Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Cable One presently has an average rating of “Hold” and an average target price of $693.75.
Cable One, Inc. (NYSE:CABO) opened at 732.54 on Friday. The firm has a 50-day moving average of $737.41 and a 200 day moving average of $715.82. Cable One, Inc. has a 1-year low of $559.83 and a 1-year high of $788.00. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 39.34 and a beta of 0.27.
Cable One (NYSE:CABO) last released its quarterly earnings data on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the consensus estimate of $5.10 by ($0.13). Cable One had a return on equity of 22.83% and a net margin of 12.44%. The firm had revenue of $241.00 million for the quarter, compared to the consensus estimate of $247.02 million. During the same period in the previous year, the business earned $4.62 EPS. The firm’s revenue was up 17.8% compared to the same quarter last year. Analysts expect that Cable One, Inc. will post $20.96 earnings per share for the current fiscal year.
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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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