Westwood Holdings Group Inc. boosted its position in Cable One (NYSE:CABO) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,395 shares of the company’s stock after buying an additional 449 shares during the period. Westwood Holdings Group Inc. owned approximately 1.40% of Cable One worth $56,545,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CABO. Crossmark Global Holdings Inc. purchased a new stake in Cable One in the third quarter valued at approximately $502,000. Sei Investments Co. boosted its position in Cable One by 15.7% in the third quarter. Sei Investments Co. now owns 738 shares of the company’s stock valued at $533,000 after buying an additional 100 shares during the last quarter. New York State Common Retirement Fund boosted its position in Cable One by 53.3% in the third quarter. New York State Common Retirement Fund now owns 16,254 shares of the company’s stock valued at $11,737,000 after buying an additional 5,654 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in Cable One by 0.8% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,421 shares of the company’s stock valued at $6,803,000 after buying an additional 73 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Cable One by 12.1% in the third quarter. Rhumbline Advisers now owns 10,661 shares of the company’s stock valued at $7,699,000 after buying an additional 1,151 shares during the last quarter. Hedge funds and other institutional investors own 76.07% of the company’s stock.
In other Cable One news, Director Thomas O. Might sold 2,823 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 15,140 shares of the company’s stock, valued at $10,999,815.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
CABO has been the topic of a number of recent research reports. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $781.00 target price on the stock in a research report on Tuesday, March 6th. Wells Fargo reiterated a “market perform” rating and issued a $741.00 target price (up previously from $700.00) on shares of Cable One in a research report on Thursday, January 4th. Finally, ValuEngine upgraded Cable One from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $788.00.
NYSE:CABO traded down $8.16 during trading hours on Friday, reaching $682.69. The company had a trading volume of 21,635 shares, compared to its average volume of 38,966. Cable One has a 1-year low of $627.25 and a 1-year high of $788.00. The company has a market capitalization of $3,914.13, a PE ratio of 31.59, a PEG ratio of 8.23 and a beta of 0.23. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.73.
Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, March 1st. The company reported $5.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.87 by ($0.09). Cable One had a net margin of 24.63% and a return on equity of 23.21%. The company had revenue of $257.71 million during the quarter, compared to analyst estimates of $254.91 million. During the same period in the previous year, the firm posted $4.23 earnings per share. The company’s revenue was up 24.7% compared to the same quarter last year. equities research analysts predict that Cable One will post 27.64 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Tuesday, February 20th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, February 16th. Cable One’s payout ratio is presently 32.39%.
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About Cable One
Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.
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