Riverhead Capital Management LLC increased its position in Cable One (NYSE:CABO) by 18.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,571 shares of the company’s stock after buying an additional 250 shares during the quarter. Riverhead Capital Management LLC’s holdings in Cable One were worth $1,079,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in CABO. TimesSquare Capital Management LLC lifted its holdings in shares of Cable One by 23.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 95,851 shares of the company’s stock valued at $67,417,000 after buying an additional 17,972 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Cable One by 25.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 82,895 shares of the company’s stock valued at $58,304,000 after buying an additional 16,680 shares during the period. Copeland Capital Management LLC acquired a new stake in shares of Cable One in the first quarter valued at $11,310,000. Macquarie Group Ltd. lifted its holdings in shares of Cable One by 21.0% in the fourth quarter. Macquarie Group Ltd. now owns 92,419 shares of the company’s stock valued at $65,003,000 after buying an additional 16,052 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Cable One by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 203,400 shares of the company’s stock valued at $143,061,000 after buying an additional 4,714 shares during the period. Institutional investors and hedge funds own 77.20% of the company’s stock.
A number of brokerages have recently issued reports on CABO. KeyCorp began coverage on Cable One in a research report on Wednesday, May 16th. They set an “equal weight” rating on the stock. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $748.00 target price on the stock in a research report on Friday, May 11th. Finally, ValuEngine lowered Cable One from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $779.75.
Shares of Cable One opened at $661.00 on Tuesday, Marketbeat reports. The firm has a market cap of $3.77 billion, a PE ratio of 30.59, a P/E/G ratio of 7.10 and a beta of 0.24. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.65. Cable One has a 12-month low of $597.40 and a 12-month high of $788.00.
Cable One (NYSE:CABO) last announced its earnings results on Wednesday, May 9th. The company reported $7.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.68 by $0.40. The company had revenue of $265.76 million for the quarter, compared to analyst estimates of $258.47 million. Cable One had a return on equity of 22.33% and a net margin of 23.95%. Cable One’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.60 earnings per share. equities research analysts predict that Cable One will post 30.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Tuesday, May 22nd will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, May 21st. Cable One’s dividend payout ratio (DPR) is presently 32.39%.
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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