Rhumbline Advisers increased its holdings in shares of Cable One, Inc. (NYSE:CABO – Free Report) by 12.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,112 shares of the company’s stock after purchasing an additional 2,366 shares during the period. Rhumbline Advisers owned approximately 0.39% of Cable One worth $15,523,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Burgundy Asset Management Ltd. lifted its holdings in shares of Cable One by 6.6% during the 1st quarter. Burgundy Asset Management Ltd. now owns 117,113 shares of the company’s stock valued at $82,213,000 after purchasing an additional 7,293 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Cable One in the 1st quarter valued at approximately $140,000. Vanguard Personalized Indexing Management LLC raised its position in Cable One by 39.0% in the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 1,394 shares of the company’s stock valued at $979,000 after buying an additional 391 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in Cable One by 0.7% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 13,190 shares of the company’s stock valued at $9,259,000 after buying an additional 91 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Cable One by 17.5% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 443 shares of the company’s stock valued at $311,000 after buying an additional 66 shares during the last quarter. Institutional investors own 98.60% of the company’s stock.
Cable One Stock Down 1.6 %
NYSE:CABO opened at $650.57 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 37.98 and a beta of 0.87. Cable One, Inc. has a twelve month low of $602.70 and a twelve month high of $1,196.14. The stock’s 50 day moving average price is $671.88 and its two-hundred day moving average price is $678.14.
Cable One Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 29th will be issued a dividend of $2.95 per share. The ex-dividend date of this dividend is Monday, August 28th. This is a positive change from Cable One’s previous quarterly dividend of $2.85. This represents a $11.80 dividend on an annualized basis and a dividend yield of 1.81%. Cable One’s payout ratio is presently 68.89%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. KeyCorp dropped their target price on Cable One from $1,275.00 to $1,175.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Wells Fargo & Company dropped their target price on Cable One from $680.00 to $670.00 in a research report on Friday, May 5th. StockNews.com began coverage on Cable One in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Raymond James lowered their price target on Cable One from $900.00 to $825.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $881.00.
Get Our Latest Stock Report on CABO
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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