Lecap Asset Management Ltd. purchased a new stake in Cable One, Inc. (NYSE:CABO – Free Report) during the 2nd quarter, Holdings Channel reports. The firm purchased 2,556 shares of the company’s stock, valued at approximately $905,000.
A number of other hedge funds have also modified their holdings of the business. SummerHaven Investment Management LLC raised its stake in Cable One by 1.8% in the 4th quarter. SummerHaven Investment Management LLC now owns 1,127 shares of the company’s stock valued at $627,000 after purchasing an additional 20 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Cable One by 87.5% in the first quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock valued at $32,000 after buying an additional 35 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of Cable One by 24.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 190 shares of the company’s stock valued at $106,000 after buying an additional 37 shares during the last quarter. Bfsg LLC purchased a new position in shares of Cable One during the fourth quarter valued at approximately $28,000. Finally, Texas Permanent School Fund Corp boosted its position in Cable One by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 3,973 shares of the company’s stock worth $1,681,000 after acquiring an additional 51 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.
Cable One Trading Down 0.9 %
Shares of Cable One stock traded down $3.12 during trading hours on Wednesday, reaching $349.33. The stock had a trading volume of 75,203 shares, compared to its average volume of 110,873. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 7.98 and a beta of 0.83. Cable One, Inc. has a 1 year low of $318.68 and a 1 year high of $671.62. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.86. The firm has a 50 day simple moving average of $364.69 and a two-hundred day simple moving average of $399.88.
Cable One Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be issued a dividend of $2.95 per share. The ex-dividend date is Tuesday, August 27th. This represents a $11.80 annualized dividend and a dividend yield of 3.38%. Cable One’s payout ratio is 27.02%.
Wall Street Analysts Forecast Growth
CABO has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target on Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a research note on Friday, May 3rd. JPMorgan Chase & Co. upped their target price on Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, TD Cowen decreased their price target on Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $533.33.
View Our Latest Report on Cable One
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.
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