BlackRock Inc. decreased its holdings in Cable One, Inc. (NYSE:CABO) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 698,380 shares of the company’s stock after selling 11,375 shares during the quarter. BlackRock Inc. owned 0.12% of Cable One worth $1,266,254,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. NEXT Financial Group Inc lifted its position in Cable One by 600.0% in the 3rd quarter. NEXT Financial Group Inc now owns 14 shares of the company’s stock valued at $25,000 after acquiring an additional 12 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Cable One by 40.0% during the 3rd quarter. Fifth Third Bancorp now owns 21 shares of the company’s stock worth $38,000 after buying an additional 6 shares in the last quarter. RE Advisers Corp lifted its position in shares of Cable One by 60.0% during the 3rd quarter. RE Advisers Corp now owns 32 shares of the company’s stock worth $58,000 after buying an additional 12 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Cable One by 357.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 32 shares of the company’s stock worth $61,000 after buying an additional 25 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Cable One during the 2nd quarter worth approximately $77,000. 86.35% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on CABO. Raymond James dropped their target price on shares of Cable One from $2,236.00 to $2,000.00 and set an “outperform” rating on the stock in a research report on Monday, October 11th. KeyCorp dropped their target price on shares of Cable One from $2,671.00 to $2,480.00 and set an “overweight” rating on the stock in a research report on Friday, November 5th. Zacks Investment Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 5th. Finally, Wells Fargo & Company cut shares of Cable One from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $2,400.00 to $2,100.00 in a report on Friday, October 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cable One presently has an average rating of “Buy” and a consensus price target of $2,149.57.
Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, November 4th. The company reported $8.33 EPS for the quarter, missing analysts’ consensus estimates of $12.60 by ($4.27). Cable One had a return on equity of 17.60% and a net margin of 22.07%. The company had revenue of $430.24 million during the quarter, compared to the consensus estimate of $424.87 million. During the same period last year, the firm posted $10.96 EPS. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. Research analysts predict that Cable One, Inc. will post 48.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 17th. Investors of record on Tuesday, November 30th were paid a $2.75 dividend. The ex-dividend date was Monday, November 29th. This represents a $11.00 dividend on an annualized basis and a yield of 0.71%. Cable One’s dividend payout ratio is 20.47%.
In other news, insider Christopher D. Boone sold 158 shares of the business’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $1,830.00, for a total transaction of $289,140.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James A. Obermeyer sold 71 shares of the business’s stock in a transaction on Tuesday, November 16th. The shares were sold at an average price of $1,843.98, for a total transaction of $130,922.58. The disclosure for this sale can be found here. Insiders sold a total of 631 shares of company stock valued at $1,139,642 over the last quarter. 1.10% of the stock is owned by company insiders.
Cable One Company Profile
Cable ONE, Inc is a cable and broadband communications provider. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service under the brand name Sparklight. The company was founded in 1986 and is headquartered in Phoenix, AZ.
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