New York State Common Retirement Fund lifted its stake in Cable One Inc (NYSE:CABO) by 53.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,254 shares of the company’s stock after purchasing an additional 5,654 shares during the period. New York State Common Retirement Fund owned 0.28% of Cable One worth $11,737,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Neuberger Berman Group LLC raised its stake in shares of Cable One by 5,057.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 68,743 shares of the company’s stock valued at $48,869,000 after purchasing an additional 67,410 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Cable One by 92.3% in the 2nd quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock valued at $97,535,000 after acquiring an additional 65,847 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Cable One in the 2nd quarter valued at about $33,648,000. Janus Henderson Group PLC bought a new position in Cable One during the second quarter worth about $12,019,000. Finally, Wells Fargo & Company MN grew its holdings in Cable One by 432.6% during the second quarter. Wells Fargo & Company MN now owns 17,130 shares of the company’s stock worth $12,178,000 after purchasing an additional 13,914 shares during the period. Institutional investors and hedge funds own 73.10% of the company’s stock.
Cable One Inc (NYSE CABO) traded up $12.24 during trading on Thursday, hitting $718.50. 25,670 shares of the stock were exchanged, compared to its average volume of 36,659. The company has a market cap of $4,120.00 and a P/E ratio of 35.08. Cable One Inc has a 1 year low of $566.10 and a 1 year high of $788.00. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 2.21.
Cable One (NYSE:CABO) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $5.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.20 by $0.28. The firm had revenue of $253.85 million during the quarter, compared to the consensus estimate of $255.68 million. Cable One had a net margin of 12.95% and a return on equity of 23.97%. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period last year, the firm earned $3.63 EPS. research analysts expect that Cable One Inc will post 22.14 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on CABO shares. Zacks Investment Research downgraded shares of Cable One from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Co reiterated a “market perform” rating and set a $741.00 price target (up from $700.00) on shares of Cable One in a report on Thursday, January 4th. JPMorgan Chase & Co. cut shares of Cable One from a “neutral” rating to an “underweight” rating in a research note on Monday, November 13th. SunTrust Banks reissued a “buy” rating and issued a $815.00 price objective on shares of Cable One in a research note on Friday, November 10th. Finally, BidaskClub cut shares of Cable One from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $789.50.
In other Cable One news, Chairman Thomas O. Might sold 2,793 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $676.44, for a total value of $1,889,296.92. Following the transaction, the chairman now owns 37,702 shares in the company, valued at $25,503,140.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas O. Might sold 6,288 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $681.20, for a total transaction of $4,283,385.60. Following the completion of the transaction, the insider now owns 37,702 shares in the company, valued at approximately $25,682,602.40. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
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Cable One Company 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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