ING Groep NV purchased a new stake in Cable One, Inc. (NYSE:CABO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 571 shares of the company’s stock, valued at approximately $406,000.
A number of other hedge funds also recently bought and sold shares of CABO. US Bancorp DE raised its stake in shares of Cable One by 16.2% in the first quarter. US Bancorp DE now owns 230 shares of the company’s stock valued at $144,000 after buying an additional 32 shares during the period. Chicago Equity Partners LLC increased its position in shares of Cable One by 88.4% in the first quarter. Chicago Equity Partners LLC now owns 2,365 shares of the company’s stock valued at $1,477,000 after buying an additional 1,110 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of Cable One during the first quarter valued at about $736,000. Great West Life Assurance Co. Can increased its position in shares of Cable One by 4.9% in the first quarter. Great West Life Assurance Co. Can now owns 2,833 shares of the company’s stock valued at $1,767,000 after buying an additional 132 shares in the last quarter. Finally, Breton Hill Capital Ltd. increased its position in shares of Cable One by 292.9% in the first quarter. Breton Hill Capital Ltd. now owns 1,650 shares of the company’s stock valued at $1,030,000 after buying an additional 1,230 shares in the last quarter. Institutional investors own 75.66% of the company’s stock.
Shares of Cable One, Inc. (NYSE CABO) traded up 1.07% on Friday, reaching $740.00. 29,101 shares of the company were exchanged. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 39.74 and a beta of 0.30. Cable One, Inc. has a 12 month low of $527.75 and a 12 month high of $788.00. The company’s 50-day moving average price is $740.27 and its 200 day moving average price is $684.01.
Cable One (NYSE:CABO) last released its quarterly earnings data on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing the consensus estimate of $5.10 by $0.13. Cable One had a net margin of 12.44% and a return on equity of 22.83%. The business had revenue of $241 million for the quarter, compared to analysts’ expectations of $247.02 million. During the same period last year, the business earned $4.62 earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities research analysts expect that Cable One, Inc. will post $20.60 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $1.75 per share. The ex-dividend date is Friday, August 11th. This is a boost from Cable One’s previous quarterly dividend of $1.50. This represents a $7.00 annualized dividend and a dividend yield of 0.95%. Cable One’s dividend payout ratio (DPR) is 37.57%.
A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Cable One from a “buy” rating to a “sell” rating in a research note on Wednesday, May 10th. Raymond James Financial, Inc. assumed coverage on shares of Cable One in a research note on Thursday, June 8th. They issued an “outperform” rating and a $785.00 target price for the company. TheStreet raised shares of Cable One from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Finally, BidaskClub downgraded shares of Cable One from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $693.75.
In related news, SVP Eric Michael Lardy sold 322 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $725.00, for a total transaction of $233,450.00. Following the sale, the senior vice president now directly owns 2,542 shares of the company’s stock, valued at $1,842,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Donald Graham acquired 24,561 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average cost of $742.52 per share, for a total transaction of $18,237,033.72. Following the completion of the transaction, the insider now directly owns 271,546 shares of the company’s stock, valued at $201,628,335.92. The disclosure for this purchase can be found here. Insiders have sold 9,889 shares of company stock worth $7,122,222 over the last ninety days. 1.30% of the stock is currently owned by insiders.
Cable One Company Profile
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.
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