Private Advisor Group LLC increased its holdings in shares of Cable One Inc (NYSE:CABO) by 13.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 913 shares of the company’s stock after buying an additional 110 shares during the period. Private Advisor Group LLC’s holdings in Cable One were worth $1,069,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Advisory Services Network LLC lifted its position in shares of Cable One by 450.0% in the 2nd quarter. Advisory Services Network LLC now owns 22 shares of the company’s stock worth $26,000 after purchasing an additional 18 shares during the period. Machina Capital S.A.S. acquired a new position in shares of Cable One in the 2nd quarter worth approximately $35,000. BNP Paribas Arbitrage SA lifted its position in shares of Cable One by 92.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 146 shares of the company’s stock worth $143,000 after purchasing an additional 70 shares during the period. NEXT Financial Group Inc acquired a new position in shares of Cable One in the 2nd quarter worth approximately $180,000. Finally, Hanseatic Management Services Inc. lifted its position in shares of Cable One by 6.3% in the 2nd quarter. Hanseatic Management Services Inc. now owns 169 shares of the company’s stock worth $198,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.
CABO has been the topic of a number of recent analyst reports. KeyCorp restated an “overweight” rating and issued a $1,482.00 price target (up previously from $1,316.00) on shares of Cable One in a research report on Wednesday, September 4th. Stephens initiated coverage on shares of Cable One in a research report on Wednesday, June 26th. They issued an “equal weight” rating and a $1,200.00 price target on the stock. Wolfe Research upgraded shares of Cable One from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 23rd. B. Riley set a $1,400.00 price target on shares of Cable One and gave the stock a “buy” rating in a research report on Thursday, August 29th. Finally, Zacks Investment Research downgraded shares of Cable One from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $1,282.20.
Cable One (NYSE:CABO) last released its earnings results on Wednesday, August 7th. The company reported $6.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $7.76 by ($1.41). Cable One had a net margin of 14.10% and a return on equity of 21.26%. The company had revenue of $285.70 million for the quarter, compared to analyst estimates of $283.61 million. During the same quarter in the previous year, the firm earned $7.65 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. Equities research analysts expect that Cable One Inc will post 29.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 20th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Monday, August 19th. This is an increase from Cable One’s previous quarterly dividend of $2.00. Cable One’s payout ratio is presently 31.28%.
In other Cable One news, COO Michael E. Bowker sold 300 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,246.80, for a total transaction of $374,040.00. Following the completion of the sale, the chief operating officer now owns 1,718 shares in the company, valued at approximately $2,142,002.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julia M. Laulis sold 662 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $1,255.32, for a total transaction of $831,021.84. Following the sale, the chief executive officer now owns 2,899 shares of the company’s stock, valued at approximately $3,639,172.68. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
About Cable One
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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