Cable One, Inc. (CABO) CEO Sells $638,415.45 in Stock
Cable One, Inc. (NYSE:CABO) CEO Julia M. Laulis sold 867 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $736.35, for a total value of $638,415.45. Following the completion of the sale, the chief executive officer now directly owns 7,642 shares of the company’s stock, valued at approximately $5,627,186.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Cable One, Inc. (CABO) traded up 0.10% during mid-day trading on Wednesday, reaching $739.95. The company’s stock had a trading volume of 27,013 shares. The stock has a market capitalization of $4.24 billion, a P/E ratio of 39.73 and a beta of 0.30. Cable One, Inc. has a 12-month low of $527.75 and a 12-month high of $788.00. The company’s 50-day moving average price is $737.98 and its 200-day moving average price is $682.49.
Cable One (NYSE:CABO) last released its quarterly earnings data on Tuesday, August 8th. The company reported $4.97 earnings per share (EPS) for the quarter, missing the Zacks’ 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 million during the quarter, compared to the consensus estimate of $247.02 million. During the same period in the previous year, the firm earned $4.62 EPS. The business’s revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts forecast that Cable One, Inc. will post $20.60 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a $1.75 dividend. This is an increase from Cable One’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, August 11th. This represents a $7.00 dividend on an annualized basis and a yield of 0.95%. Cable One’s payout ratio is presently 37.57%.
Several brokerages have issued reports on CABO. BidaskClub lowered Cable One from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $837.00 target price for the company in a research note on Thursday, August 10th. Raymond James Financial, Inc. upped their target price on Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. TheStreet raised Cable One from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Finally, SunTrust Banks, Inc. began coverage on Cable One in a research note on Tuesday, April 18th. They issued a “buy” rating and a $715.00 target price for the company. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Cable One currently has a consensus rating of “Buy” and a consensus price target of $693.75.
A number of hedge funds have recently added to or reduced their stakes in CABO. BlackRock Inc. increased its position in Cable One by 6,855.3% in the first quarter. BlackRock Inc. now owns 439,785 shares of the company’s stock valued at $274,634,000 after buying an additional 433,462 shares in the last quarter. Neuberger Berman Group LLC increased its position in Cable One by 5,057.0% in the second 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 increased its position in Cable One by 92.3% in the second 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 bought a new position in Cable One during the second quarter valued at $33,648,000. Finally, Vaughan Nelson Investment Management L.P. increased its position in Cable One by 138.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 60,645 shares of the company’s stock valued at $43,112,000 after buying an additional 35,230 shares in the last quarter. 75.66% of the stock is currently owned by institutional investors and hedge funds.
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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