Chicago Equity Partners LLC Acquires New Holdings in Cable One, Inc. (CABO)

Chicago Equity Partners LLC acquired a new position in Cable One, Inc. (NYSE:CABO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,056 shares of the company’s stock, valued at approximately $1,485,000.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of Cable One by 13.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 72,838 shares of the company’s stock worth $51,780,000 after acquiring an additional 8,521 shares during the last quarter. BB&T Corp lifted its holdings in Cable One by 23.8% during the 3rd quarter. BB&T Corp now owns 15,452 shares of the company’s stock worth $11,158,000 after buying an additional 2,970 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in Cable One during the 2nd quarter worth approximately $1,905,000. Prudential Financial Inc. lifted its holdings in Cable One by 20.7% during the 2nd quarter. Prudential Financial Inc. now owns 13,134 shares of the company’s stock worth $9,337,000 after buying an additional 2,249 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Cable One by 16.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,314 shares of the company’s stock worth $13,020,000 after buying an additional 2,523 shares in the last quarter. Hedge funds and other institutional investors own 70.35% of the company’s stock.

In related news, COO Michael E. Bowker sold 1,244 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $740.59, for a total value of $921,293.96. Following the transaction, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at approximately $5,261,151.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin P. Coyle sold 450 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $740.91, for a total transaction of $333,409.50. Following the completion of the transaction, the chief financial officer now directly owns 4,440 shares in the company, valued at $3,289,640.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,561 shares of company stock worth $1,893,119. Insiders own 1.30% of the company’s stock.

Shares of Cable One, Inc. (NYSE CABO) opened at $670.36 on Tuesday. Cable One, Inc. has a 52-week low of $564.26 and a 52-week high of $788.00. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $3,918.78, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 10.27 and a beta of 0.24.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 EPS for the quarter, beating the Zacks’ consensus estimate of $5.20 by $0.28. Cable One had a net margin of 12.95% and a return on equity of 23.97%. The company had revenue of $253.85 million for the quarter, compared to the consensus estimate of $255.68 million. During the same period in the prior year, the firm posted $3.63 EPS. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. equities research analysts anticipate that Cable One, Inc. will post 22.2 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 21st will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Monday, November 20th. Cable One’s dividend payout ratio is presently 34.18%.

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A number of research firms have issued reports on CABO. Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “strong-buy” rating and set a $787.00 target price on the stock in a report on Monday. Wells Fargo & Company reiterated a “market perform” rating and set a $700.00 target price (down from $761.00) on shares of Cable One in a report on Monday. J P Morgan Chase & Co lowered shares of Cable One from a “neutral” rating to an “underweight” rating in a report on Monday. SunTrust Banks, Inc. reiterated a “buy” rating and set a $815.00 target price on shares of Cable One in a report on Friday. Finally, BidaskClub lowered shares of Cable One from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Cable One presently has a consensus rating of “Hold” and a consensus target price of $705.00.

About Cable One

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.

Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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