Lecap Asset Management Ltd. Buys Shares of 2,556 Cable One, Inc. (NYSE:CABO)

Lecap Asset Management Ltd. purchased a new stake in Cable One, Inc. (NYSE:CABO) 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 (NYSE:CABO) last posted its quarterly earnings results on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.84%. The business had revenue of $394.46 million during the quarter, compared to analysts’ expectations of $400.64 million. During the same quarter in the previous year, the business posted $10.43 EPS. The company’s quarterly revenue was down 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that Cable One, Inc. will post 32.21 earnings per share for the current year.

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.

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.