Xponance Inc. Sells 372 Shares of Cable One, Inc. (NYSE:CABO)

Posted by Defense World Staff on Oct 3rd, 2023

Xponance Inc. reduced its stake in Cable One, Inc. (NYSE:CABO – Free Report) by 36.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 648 shares of the company’s stock after selling 372 shares during the quarter. Xponance Inc.’s holdings in Cable One were worth $426,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. 1832 Asset Management L.P. bought a new stake in Cable One during the 1st quarter worth about $58,000. Clearstead Advisors LLC bought a new stake in Cable One during the 1st quarter worth about $33,000. Advisors Asset Management Inc. bought a new stake in Cable One during the 1st quarter worth about $186,000. XTX Topco Ltd bought a new stake in Cable One during the 1st quarter worth about $215,000. Finally, HighTower Advisors LLC bought a new stake in Cable One during the 1st quarter worth about $214,000. 98.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CABO shares. StockNews.com started coverage on shares of Cable One in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Raymond James dropped their target price on shares of Cable One from $900.00 to $825.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. Finally, KeyCorp dropped 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 report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cable One presently has an average rating of “Hold” and a consensus price target of $881.00.

Get Our Latest Report on Cable One

Cable One Stock Down 2.2 %

Shares of CABO opened at $602.34 on Tuesday. Cable One, Inc. has a 52 week low of $599.01 and a 52 week high of $905.17. The firm has a market cap of $3.39 billion, a P/E ratio of 35.16 and a beta of 0.86. The firm’s 50-day simple moving average is $653.35 and its 200 day simple moving average is $665.40. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.62 and a current ratio of 1.62.

Cable One (NYSE:CABO – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $10.43 EPS for the quarter, missing analysts’ consensus estimates of $13.27 by ($2.84). Cable One had a net margin of 6.25% and a return on equity of 13.47%. The company had revenue of $424.02 million during the quarter, compared to analyst estimates of $422.41 million. On average, analysts forecast that Cable One, Inc. will post 49.24 earnings per share for the current year.

Cable One Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 29th were paid a $2.95 dividend. The ex-dividend date of this dividend was Monday, August 28th. This represents a $11.80 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Cable One’s previous quarterly dividend of $2.85. Cable One’s dividend payout ratio is 68.89%.

About Cable One

(Free Report)

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.