Cable One, Inc. (NYSE:CABO) Holdings Lifted by Bokf Na

Bokf Na grew its holdings in shares of Cable One, Inc. (NYSE:CABO) by 28.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,124 shares of the company’s stock after buying an additional 465 shares during the period. Bokf Na’s holdings in Cable One were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in Cable One by 11.0% in the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after buying an additional 48,513 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Cable One by 11.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock valued at $149,447,000 after acquiring an additional 27,635 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of Cable One by 26.2% during the first quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company’s stock valued at $86,353,000 after acquiring an additional 42,376 shares during the period. Canada Pension Plan Investment Board raised its holdings in Cable One by 1,906.2% during the first quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock worth $67,911,000 after purchasing an additional 152,496 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Cable One by 16.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company’s stock worth $61,435,000 after purchasing an additional 15,907 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Wallace R. Weitz acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average cost of $369.98 per share, with a total value of $369,980.00. Following the completion of the transaction, the director now owns 4,565 shares of the company’s stock, valued at approximately $1,688,958.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CABO. KeyCorp cut their price target on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. TD Cowen reduced their target price on shares of Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Finally, Wells Fargo & Company dropped their price target on Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cable One has an average rating of “Hold” and an average target price of $590.83.

Cable One Trading Down 0.0 %

Shares of Cable One stock traded down $0.12 during trading on Monday, hitting $394.89. The stock had a trading volume of 9,144 shares, compared to its average volume of 111,576. Cable One, Inc. has a 1 year low of $318.68 and a 1 year high of $741.25. The stock has a 50 day simple moving average of $358.14 and a 200 day simple moving average of $418.64. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $2.22 billion, a PE ratio of 9.05 and a beta of 0.83.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $8.11 earnings per share for the quarter, missing the consensus estimate of $10.78 by ($2.67). The firm had revenue of $404.30 million for the quarter, compared to analysts’ expectations of $408.79 million. Cable One had a return on equity of 12.76% and a net margin of 15.50%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.62 earnings per share. On average, research analysts expect that Cable One, Inc. will post 32.21 EPS for the current fiscal year.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Friday, May 24th. Cable One’s payout ratio is 27.02%.

Cable One Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.