OppenheimerFunds Inc. increased its position in shares of Cable One Inc (NYSE:CABO) by 50.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,611 shares of the company’s stock after acquiring an additional 11,643 shares during the period. OppenheimerFunds Inc. owned about 0.61% of Cable One worth $33,967,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Loeb Partners Corp acquired a new position in Cable One during the fourth quarter worth $39,000. Quadrant Capital Group LLC increased its position in Cable One by 683.3% during the first quarter. Quadrant Capital Group LLC now owns 94 shares of the company’s stock worth $91,000 after buying an additional 82 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Cable One by 92.1% during the first quarter. BNP Paribas Arbitrage SA now owns 146 shares of the company’s stock worth $143,000 after buying an additional 70 shares during the last quarter. Advisor Group Inc. increased its position in Cable One by 26.6% during the fourth quarter. Advisor Group Inc. now owns 176 shares of the company’s stock worth $145,000 after buying an additional 37 shares during the last quarter. Finally, Hanseatic Management Services Inc. increased its position in Cable One by 23.3% during the first quarter. Hanseatic Management Services Inc. now owns 159 shares of the company’s stock worth $156,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 80.23% of the company’s stock.
Several equities analysts have commented on CABO shares. KeyCorp reissued an “overweight” rating and set a $1,115.00 target price (up from $1,025.00) on shares of Cable One in a research report on Thursday, February 28th. They noted that the move was a valuation call. SunTrust Banks reissued a “hold” rating and set a $905.00 target price on shares of Cable One in a research report on Thursday, February 28th. They noted that the move was a valuation call. Raymond James reissued a “hold” rating on shares of Cable One in a research report on Thursday, February 28th. B. Riley increased their target price on shares of Cable One from $990.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research downgraded shares of Cable One from a “buy” rating to a “hold” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $1,138.50.
Shares of NYSE:CABO traded down $6.60 during midday trading on Wednesday, hitting $1,157.40. The company’s stock had a trading volume of 866 shares, compared to its average volume of 51,778. The company has a market cap of $6.74 billion, a P/E ratio of 40.29 and a beta of 0.42. Cable One Inc has a fifty-two week low of $682.46 and a fifty-two week high of $1,192.79. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.72 and a current ratio of 1.72.
Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, May 9th. The company reported $6.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.10 by ($1.32). The business had revenue of $278.61 million during the quarter, compared to analyst estimates of $279.23 million. Cable One had a net margin of 15.01% and a return on equity of 22.57%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $7.08 earnings per share. As a group, equities analysts predict that Cable One Inc will post 30.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, May 24th. Cable One’s dividend payout ratio is currently 27.81%.
Cable One Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.
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