Quantinno Capital Management LP purchased a new stake in Cable One, Inc. (NYSE:CABO – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,154 shares of the company’s stock, valued at approximately $810,000.
A number of other institutional investors have also made changes to their positions in CABO. 1832 Asset Management L.P. bought a new stake in shares of Cable One in the 1st quarter valued at about $58,000. Parallel Advisors LLC boosted its position in Cable One by 39.1% during the 4th quarter. Parallel Advisors LLC now owns 64 shares of the company’s stock worth $46,000 after acquiring an additional 18 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Cable One by 41.2% during the 4th quarter. First Horizon Advisors Inc. now owns 72 shares of the company’s stock worth $51,000 after acquiring an additional 21 shares during the last quarter. Fifth Third Bancorp boosted its position in Cable One by 48.3% during the 4th quarter. Fifth Third Bancorp now owns 86 shares of the company’s stock worth $61,000 after acquiring an additional 28 shares during the last quarter. Finally, Advisors Asset Management Inc. acquired a new position in Cable One during the 1st quarter worth approximately $186,000. 98.77% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
CABO has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price target on Cable One from $680.00 to $670.00 in a research report on Friday, May 5th. StockNews.com initiated coverage on Cable One in a research report on Thursday, May 18th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $1,021.67.
Cable One Trading Down 1.7 %
Cable One (NYSE:CABO – Get Free Report) last posted its quarterly earnings results on Thursday, May 4th. The company reported $9.62 earnings per share for the quarter, missing analysts’ consensus estimates of $14.40 by ($4.78). Cable One had a net margin of 7.06% and a return on equity of 13.99%. The business had revenue of $421.90 million during the quarter, compared to the consensus estimate of $420.66 million. During the same quarter last year, the company posted $26.85 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. On average, equities research analysts anticipate that Cable One, Inc. will post 50.51 EPS for the current fiscal year.
Cable One Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Tuesday, May 30th were paid a $2.85 dividend. This represents a $11.40 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, May 26th. Cable One’s dividend payout ratio (DPR) is presently 60.38%.
Insider Activity at Cable One
In other Cable One news, SVP Eric Michael Lardy sold 321 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $673.85, for a total value of $216,305.85. Following the transaction, the senior vice president now directly owns 2,422 shares of the company’s stock, valued at $1,632,064.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by insiders.
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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