Jefferies Group LLC raised its position in Cable One Inc (NYSE:CABO) by 56.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,753 shares of the company’s stock after purchasing an additional 995 shares during the period. Jefferies Group LLC’s holdings in Cable One were worth $1,936,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in CABO. Janus Henderson Group PLC lifted its holdings in Cable One by 312.7% in the 3rd quarter. Janus Henderson Group PLC now owns 69,774 shares of the company’s stock valued at $50,385,000 after purchasing an additional 52,867 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in Cable One by 23.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 95,851 shares of the company’s stock valued at $67,417,000 after purchasing an additional 17,972 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Cable One by 25.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 82,895 shares of the company’s stock worth $58,304,000 after acquiring an additional 16,680 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Cable One by 18.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 81,145 shares of the company’s stock worth $58,596,000 after acquiring an additional 12,402 shares during the period. Finally, Ruane Cunniff & Goldfarb Inc. purchased a new position in shares of Cable One during the 3rd quarter worth $7,221,000. Institutional investors own 76.12% of the company’s stock.
Several research firms have recently commented on CABO. Zacks Investment Research lowered Cable One from a “hold” rating to a “sell” rating in a report on Monday, January 15th. Wells Fargo & Co reiterated a “market perform” rating and set a $741.00 price target (up previously from $700.00) on shares of Cable One in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Cable One currently has an average rating of “Hold” and a consensus price target of $788.00.
Cable One Inc (CABO) opened at $714.14 on Wednesday. Cable One Inc has a fifty-two week low of $616.06 and a fifty-two week high of $788.00. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $4,166.51, a price-to-earnings ratio of 32.99, a PEG ratio of 8.77 and a beta of 0.23.
Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, March 1st. The company reported $5.78 EPS for the quarter, missing the consensus estimate of $5.87 by ($0.09). Cable One had a return on equity of 23.21% and a net margin of 24.63%. The company had revenue of $257.71 million for the quarter, compared to analysts’ expectations of $254.91 million. During the same quarter in the prior year, the firm earned $4.23 EPS. The firm’s revenue was up 24.7% on a year-over-year basis. research analysts expect that Cable One Inc will post 27.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Tuesday, February 20th were issued a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $7.00 annualized dividend and a dividend yield of 0.98%. Cable One’s dividend payout ratio is presently 17.02%.
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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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