Wells Fargo & Company MN boosted its holdings in Cable One Inc (NYSE:CABO) by 11.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,445 shares of the company’s stock after acquiring an additional 1,639 shares during the period. Wells Fargo & Company MN owned about 0.27% of Cable One worth $13,647,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of CABO. Bank of Montreal Can grew its holdings in shares of Cable One by 17.2% in the second quarter. Bank of Montreal Can now owns 1,290 shares of the company’s stock worth $946,000 after purchasing an additional 189 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Cable One by 95.2% in the second quarter. BNP Paribas Arbitrage SA now owns 406 shares of the company’s stock worth $298,000 after purchasing an additional 198 shares during the last quarter. TD Asset Management Inc. grew its holdings in shares of Cable One by 5.2% in the second quarter. TD Asset Management Inc. now owns 4,072 shares of the company’s stock worth $2,986,000 after purchasing an additional 200 shares during the last quarter. Comerica Bank grew its holdings in shares of Cable One by 107.5% in the second quarter. Comerica Bank now owns 7,708 shares of the company’s stock worth $5,779,000 after purchasing an additional 3,993 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Cable One by 5.9% in the second quarter. First Trust Advisors LP now owns 7,870 shares of the company’s stock worth $5,771,000 after purchasing an additional 436 shares during the last quarter. 78.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CABO stock opened at $870.30 on Friday. Cable One Inc has a 52 week low of $597.40 and a 52 week high of $924.31. The firm has a market capitalization of $5.01 billion, a P/E ratio of 40.27 and a beta of 0.26. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.54.
Cable One (NYSE:CABO) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $6.70 EPS for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.14). Cable One had a return on equity of 22.03% and a net margin of 25.08%. The business had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $267.53 million. During the same period in the previous year, the business earned $5.48 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Cable One Inc will post 29.33 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Tuesday, November 20th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Monday, November 19th. Cable One’s payout ratio is 37.02%.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Cable One from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 15th. ValuEngine raised Cable One from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Wolfe Research assumed coverage on Cable One in a research note on Friday. They issued an “underperform” rating for the company. B. Riley set a $860.00 price target on Cable One and gave the stock a “buy” rating in a research note on Monday, August 13th. Finally, Moffett Nathanson raised Cable One from a “sell” rating to a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $845.67.
In other news, Director Deborah J. Kissire acquired 100 shares of the stock in a transaction on Thursday, November 15th. The stock was acquired at an average price of $863.24 per share, with a total value of $86,324.00. Following the completion of the transaction, the director now owns 1,219 shares of the company’s stock, valued at approximately $1,052,289.56. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas O. Might sold 4,417 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $882.47, for a total value of $3,897,869.99. Following the transaction, the director now directly owns 21,292 shares of the company’s stock, valued at approximately $18,789,551.24. The disclosure for this sale can be found here. Insiders purchased 570 shares of company stock valued at $495,116 in the last ninety days. 1.10% of the stock is currently owned by insiders.
Cable One Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.
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