Chicago Equity Partners LLC grew its stake in shares of Cable One (NYSE:CABO) by 7.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,640 shares of the company’s stock after acquiring an additional 190 shares during the period. Chicago Equity Partners LLC’s holdings in Cable One were worth $1,814,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Cable One by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 38,778 shares of the company’s stock worth $27,274,000 after buying an additional 1,108 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Cable One in the fourth quarter worth $536,000. Tower Research Capital LLC TRC raised its position in shares of Cable One by 236.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 451 shares of the company’s stock worth $317,000 after buying an additional 317 shares in the last quarter. Swiss National Bank raised its position in shares of Cable One by 2.7% in the fourth quarter. Swiss National Bank now owns 7,477 shares of the company’s stock worth $5,259,000 after buying an additional 200 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Cable One by 4.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 26,236 shares of the company’s stock worth $18,454,000 after buying an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 75.57% of the company’s stock.
Cable One opened at $660.01 on Friday, according to Marketbeat. Cable One has a twelve month low of $680.87 and a twelve month high of $690.76. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.65. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 7.24 and a beta of 0.24.
Cable One (NYSE:CABO) last released its quarterly earnings results on Wednesday, May 9th. The company reported $7.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $6.68 by $0.40. Cable One had a return on equity of 22.33% and a net margin of 23.95%. The business had revenue of $265.76 million for the quarter, compared to the consensus estimate of $258.47 million. During the same quarter last year, the business posted $5.60 earnings per share. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. analysts predict that Cable One will post 31.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Tuesday, May 22nd will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Monday, May 21st. This represents a $7.00 dividend on an annualized basis and a yield of 1.06%. Cable One’s payout ratio is 32.39%.
A number of equities research analysts recently issued reports on CABO shares. Zacks Investment Research downgraded Cable One from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 7th. KeyCorp started coverage on Cable One in a research report on Wednesday. They issued an “equal weight” rating on the stock. Finally, ValuEngine upgraded Cable One from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $779.75.
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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