DekaBank Deutsche Girozentrale lifted its stake in shares of Cable One, Inc. (NYSE:CABO) by 18.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,650 shares of the company’s stock after buying an additional 1,050 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.12% of Cable One worth $4,921,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of CABO. Neuberger Berman Group LLC raised its position in shares of Cable One by 5,057.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 68,743 shares of the company’s stock valued at $48,869,000 after buying an additional 67,410 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Cable One by 92.3% in the 2nd quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock valued at $97,535,000 after buying an additional 65,847 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Cable One in the 2nd quarter valued at approximately $33,648,000. Janus Henderson Group PLC acquired a new position in shares of Cable One in the 2nd quarter valued at approximately $12,019,000. Finally, Wells Fargo & Company MN raised its position in shares of Cable One by 432.6% in the 2nd quarter. Wells Fargo & Company MN now owns 17,130 shares of the company’s stock valued at $12,178,000 after buying an additional 13,914 shares in the last quarter. Institutional investors own 71.85% of the company’s stock.
Several brokerages have recently commented on CABO. Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “buy” rating and set a $837.00 target price for the company in a research report on Thursday, August 10th. BidaskClub lowered shares of Cable One from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $815.00 price target on shares of Cable One in a report on Friday, November 10th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $700.00 price target (down from $761.00) on shares of Cable One in a report on Monday, November 13th. Finally, J P Morgan Chase & Co lowered shares of Cable One from a “neutral” rating to an “underweight” rating in a report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $705.00.
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In other news, CFO Kevin P. Coyle sold 450 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $740.91, for a total value of $333,409.50. Following the completion of the sale, the chief financial officer now owns 4,440 shares in the company, valued at approximately $3,289,640.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael E. Bowker sold 1,244 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total transaction of $921,293.96. Following the completion of the sale, the chief operating officer now owns 7,104 shares of the company’s stock, valued at approximately $5,261,151.36. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Shares of Cable One, Inc. (NYSE:CABO) opened at $667.18 on Monday. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.34 and a quick ratio of 1.34. Cable One, Inc. has a 12 month low of $564.26 and a 12 month high of $788.00. The company has a market cap of $3,822.53, a price-to-earnings ratio of 32.58, a PEG ratio of 10.04 and a beta of 0.24.
Cable One (NYSE:CABO) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 EPS for the quarter, beating the Zacks’ consensus estimate of $5.20 by $0.28. Cable One had a net margin of 12.95% and a return on equity of 23.97%. The company had revenue of $253.85 million for the quarter, compared to analyst estimates of $255.68 million. During the same period in the prior year, the firm posted $3.63 EPS. The company’s quarterly revenue was up 23.5% on a year-over-year basis. sell-side analysts anticipate that Cable One, Inc. will post 22.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 21st will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.05%. Cable One’s payout ratio is presently 34.18%.
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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