Pacer Advisors Inc. grew its holdings in Cable One, Inc. (NYSE:CABO – Free Report) by 303.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,049 shares of the company’s stock after acquiring an additional 789 shares during the period. Pacer Advisors Inc.’s holdings in Cable One were worth $689,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearstead Advisors LLC purchased a new position in Cable One in the first quarter valued at about $33,000. 1832 Asset Management L.P. purchased a new stake in shares of Cable One during the 1st quarter valued at about $58,000. Meeder Asset Management Inc. lifted its position in Cable One by 8,850.0% during the 4th quarter. Meeder Asset Management Inc. now owns 179 shares of the company’s stock worth $127,000 after acquiring an additional 177 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Cable One in the 1st quarter worth approximately $140,000. Finally, Quadrant Capital Group LLC grew its position in Cable One by 91.1% in the fourth quarter. Quadrant Capital Group LLC now owns 235 shares of the company’s stock valued at $167,000 after acquiring an additional 112 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on CABO. KeyCorp reduced their target price on shares of 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. StockNews.com started coverage on shares of Cable One in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Raymond James dropped their target price 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 issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $881.00.
Cable One Stock Up 2.3 %
NYSE:CABO opened at $615.64 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 35.94 and a beta of 0.86. Cable One, Inc. has a one year low of $599.04 and a one year high of $905.17. The stock has a 50-day simple moving average of $655.98 and a 200 day simple moving average of $665.32.
Cable One (NYSE:CABO – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The company reported $10.43 EPS for the quarter, missing analysts’ consensus estimates of $13.27 by ($2.84). The business had revenue of $424.02 million during the quarter, compared to analyst estimates of $422.41 million. Cable One had a return on equity of 13.47% and a net margin of 6.25%. Sell-side analysts predict that Cable One, Inc. will post 49.24 EPS for the current fiscal year.
Cable One Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 29th were paid a dividend of $2.95 per share. This is a positive change from Cable One’s previous quarterly dividend of $2.85. The ex-dividend date was Monday, August 28th. This represents a $11.80 annualized dividend and a yield of 1.92%. Cable One’s dividend payout ratio is 68.89%.
About Cable One
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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