Cerity Partners LLC Buys Shares of 651 Cable One, Inc. (NYSE:CABO)

Cerity Partners LLC bought a new stake in Cable One, Inc. (NYSE:CABO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 651 shares of the company’s stock, valued at approximately $362,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC grew its stake in Cable One by 8.8% in the fourth quarter. DAVENPORT & Co LLC now owns 29,789 shares of the company’s stock valued at $16,680,000 after purchasing an additional 2,403 shares during the last quarter. Pacer Advisors Inc. grew its stake in Cable One by 72.1% in the fourth quarter. Pacer Advisors Inc. now owns 673 shares of the company’s stock valued at $375,000 after purchasing an additional 282 shares during the last quarter. Raymond James & Associates grew its stake in shares of Cable One by 14.6% during the fourth quarter. Raymond James & Associates now owns 50,178 shares of the company’s stock worth $27,929,000 after acquiring an additional 6,380 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Cable One by 87.7% during the fourth quarter. Raymond James Trust N.A. now owns 1,006 shares of the company’s stock worth $560,000 after acquiring an additional 470 shares during the last quarter. Finally, Speece Thorson Capital Group Inc. grew its stake in shares of Cable One by 107.8% during the third quarter. Speece Thorson Capital Group Inc. now owns 13,876 shares of the company’s stock worth $8,543,000 after acquiring an additional 7,197 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In other Cable One news, insider Christopher D. Boone sold 204 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the completion of the transaction, the insider now directly owns 1,854 shares of the company’s stock, valued at $852,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CABO. KeyCorp dropped their price target on Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Moffett Nathanson upgraded Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price target on the stock in a research note on Tuesday, March 5th. Finally, Wells Fargo & Company dropped their price target on Cable One from $460.00 to $400.00 and set an “underweight” rating on the stock in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $627.80.

Cable One Trading Up 0.3 %

Cable One stock opened at $388.54 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94. Cable One, Inc. has a 52 week low of $373.37 and a 52 week high of $768.75. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 8.60 and a beta of 0.80. The stock has a 50-day moving average price of $429.81 and a 200 day moving average price of $511.34.

Cable One (NYSE:CABO) last released its earnings results on Thursday, February 22nd. The company reported $10.66 EPS for the quarter, missing analysts’ consensus estimates of $12.86 by ($2.20). Cable One had a return on equity of 13.65% and a net margin of 15.94%. The firm had revenue of $411.82 million for the quarter, compared to analyst estimates of $417.66 million. Sell-side analysts anticipate that Cable One, Inc. will post 43.36 EPS for the current year.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Friday, February 16th. Cable One’s dividend payout ratio (DPR) is 26.12%.

Cable One Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.