Public Employees Retirement System of Ohio cut its holdings in shares of Cable One Inc (NYSE:CABO) by 13.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,807 shares of the company’s stock after selling 288 shares during the period. Public Employees Retirement System of Ohio’s holdings in Cable One were worth $1,325,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Cable One by 6,904.6% in the 2nd quarter. FMR LLC now owns 35,093 shares of the company’s stock valued at $25,733,000 after acquiring an additional 34,592 shares during the last quarter. Dalton Greiner Hartman Maher & Co. bought a new position in shares of Cable One in the 2nd quarter valued at $17,596,000. Dimensional Fund Advisors LP lifted its stake in shares of Cable One by 43.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 72,131 shares of the company’s stock valued at $49,562,000 after acquiring an additional 21,905 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Cable One by 4,106.2% in the 1st quarter. Millennium Management LLC now owns 22,419 shares of the company’s stock valued at $15,404,000 after acquiring an additional 21,886 shares during the last quarter. Finally, American Century Companies Inc. bought a new position in shares of Cable One in the 2nd quarter valued at $14,683,000. Hedge funds and other institutional investors own 78.40% of the company’s stock.
NYSE CABO opened at $835.66 on Friday. The firm has a market capitalization of $5.04 billion, a P/E ratio of 38.67 and a beta of 0.29. Cable One Inc has a twelve month low of $597.40 and a twelve month high of $899.54. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.03 and a quick ratio of 2.03.
Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, August 9th. The company reported $7.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $7.97 by ($0.32). The company had revenue of $268.40 million during the quarter, compared to analyst estimates of $265.76 million. Cable One had a net margin of 24.78% and a return on equity of 22.84%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.97 earnings per share. On average, sell-side analysts anticipate that Cable One Inc will post 30.85 EPS for the current fiscal year.
In related news, Director Katharine Weymouth sold 254 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $834.30, for a total value of $211,912.20. Following the completion of the sale, the director now directly owns 255 shares in the company, valued at $212,746.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.
A number of analysts recently weighed in on the company. ValuEngine upgraded Cable One from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. B. Riley assumed coverage on Cable One in a report on Friday, June 22nd. They issued a “buy” rating and a $840.00 price objective for the company. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $868.00 price objective for the company in a report on Monday, August 13th. Finally, Raymond James downgraded Cable One from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $821.00.
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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