California Public Employees Retirement System boosted its position in Cable One Inc (NYSE:CABO) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,805 shares of the company’s stock after acquiring an additional 205 shares during the period. California Public Employees Retirement System owned 0.12% of Cable One worth $4,914,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Cable One by 2.1% in the second quarter. Vanguard Group Inc. now owns 382,886 shares of the company’s stock valued at $272,194,000 after acquiring an additional 7,843 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Cable One by 92.3% in the second 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 during the last quarter. State Street Corp boosted its holdings in Cable One by 1.3% in the second quarter. State Street Corp now owns 128,000 shares of the company’s stock valued at $90,989,000 after acquiring an additional 1,696 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Cable One by 6.0% in the third quarter. Macquarie Group Ltd. now owns 76,367 shares of the company’s stock valued at $55,146,000 after acquiring an additional 4,341 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Cable One by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 73,558 shares of the company’s stock valued at $53,118,000 after acquiring an additional 720 shares during the last quarter. Institutional investors and hedge funds own 72.90% of the company’s stock.
In other news, Chairman Thomas O. Might sold 2,793 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $676.44, for a total transaction of $1,889,296.92. Following the sale, the chairman now owns 37,702 shares of the company’s stock, valued at $25,503,140.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas O. Might sold 2,823 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $726.54, for a total value of $2,051,022.42. Following the sale, the director now directly owns 15,140 shares in the company, valued at approximately $10,999,815.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,904 shares of company stock worth $8,223,705. 1.30% of the stock is currently owned by insiders.
Several research firms recently issued reports on CABO. Zacks Investment Research cut Cable One from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Wells Fargo & Co restated a “market perform” rating and set a $741.00 target price (up previously from $700.00) on shares of Cable One in a report on Thursday, January 4th. BidaskClub cut Cable One from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. SunTrust Banks restated a “buy” rating and set a $815.00 target price on shares of Cable One in a report on Friday, November 10th. Finally, JPMorgan Chase & Co. cut Cable One from a “neutral” rating to an “underweight” rating in a report on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $789.50.
Shares of Cable One Inc (CABO) traded down $4.00 on Wednesday, reaching $706.03. The company’s stock had a trading volume of 18,739 shares, compared to its average volume of 30,673. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.34 and a current ratio of 1.34. Cable One Inc has a 12-month low of $615.98 and a 12-month high of $788.00. The company has a market capitalization of $4,048.50, a PE ratio of 34.70, a P/E/G ratio of 9.56 and a beta of 0.20.
Cable One (NYSE:CABO) last issued its earnings results on Wednesday, November 8th. The company reported $5.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.20 by $0.28. The firm had revenue of $253.85 million for the quarter, compared to analysts’ expectations of $255.68 million. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.63 earnings per share. equities analysts expect that Cable One Inc will post 22.14 earnings per share for the current fiscal year.
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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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