Schroder Investment Management Group reduced its position in shares of Cable One, Inc. (NYSE:CABO) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,906 shares of the company’s stock after selling 558 shares during the quarter. Schroder Investment Management Group owned about 0.43% of Cable One worth $17,723,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CABO. Legal & General Group Plc increased its holdings in shares of Cable One by 13.6% in the 3rd quarter. Legal & General Group Plc now owns 4,208 shares of the company’s stock valued at $3,038,000 after acquiring an additional 503 shares during the period. Haverford Financial Services Inc. purchased a new position in shares of Cable One in the 3rd quarter valued at $423,000. TD Asset Management Inc. increased its holdings in shares of Cable One by 23.1% in the 3rd quarter. TD Asset Management Inc. now owns 2,772 shares of the company’s stock valued at $2,002,000 after acquiring an additional 520 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Cable One by 13.7% in the 3rd quarter. Pacer Advisors Inc. now owns 622 shares of the company’s stock valued at $449,000 after acquiring an additional 75 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in shares of Cable One by 6.0% in the 3rd quarter. Macquarie Group Ltd. now owns 76,367 shares of the company’s stock valued at $55,146,000 after acquiring an additional 4,341 shares during the period. Institutional investors own 73.14% of the company’s stock.
In related news, COO Michael E. Bowker sold 1,244 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total transaction of $921,293.96. Following the transaction, the chief operating officer now directly owns 7,104 shares in the company, valued at approximately $5,261,151.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Kevin P. Coyle sold 450 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $740.91, for a total value of $333,409.50. Following the transaction, the chief financial officer now owns 4,440 shares in the company, valued at $3,289,640.40. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Cable One, Inc. (CABO) opened at $687.20 on Wednesday. Cable One, Inc. has a one year low of $564.26 and a one year high of $788.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $4,018.87, a price-to-earnings ratio of 34.25, a P/E/G ratio of 10.56 and a beta of 0.19.
Cable One (NYSE:CABO) last announced its earnings results on Wednesday, November 8th. The company reported $5.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.20 by $0.28. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The firm had revenue of $253.85 million for the quarter, compared to the consensus estimate of $255.68 million. During the same period in the previous year, the business earned $3.63 EPS. The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. analysts predict that Cable One, Inc. will post 22.15 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 21st will be paid a dividend of $1.75 per share. The ex-dividend date is Monday, November 20th. This represents a $7.00 annualized dividend and a yield of 1.02%. Cable One’s dividend payout ratio (DPR) is 34.18%.
A number of research analysts have recently issued reports on CABO shares. Raymond James Financial lifted their price target on Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $837.00 price target on the stock in a report on Thursday, August 10th. BidaskClub downgraded Cable One from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. SunTrust Banks reiterated a “buy” rating and issued a $815.00 price target on shares of Cable One in a report on Friday, November 10th. Finally, J P Morgan Chase & Co downgraded Cable One from a “neutral” rating to an “underweight” rating in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $705.00.
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Cable One 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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