Principal Financial Group Inc. reduced its stake in shares of Cable One Inc (NYSE:CABO) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,854 shares of the company’s stock after selling 182 shares during the quarter. Principal Financial Group Inc. owned about 0.35% of Cable One worth $13,642,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Cable One by 1.8% during the 1st quarter. BlackRock Inc. now owns 394,093 shares of the company’s stock worth $270,785,000 after acquiring an additional 7,012 shares in the last quarter. Renaissance Technologies LLC raised its stake in Cable One by 2.4% during the 4th quarter. Renaissance Technologies LLC now owns 203,400 shares of the company’s stock worth $143,061,000 after acquiring an additional 4,714 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in Cable One by 23.1% during the 4th quarter. TimesSquare Capital Management LLC now owns 95,851 shares of the company’s stock worth $67,417,000 after acquiring an additional 17,972 shares in the last quarter. Macquarie Group Ltd. raised its stake in Cable One by 21.0% during the 4th quarter. Macquarie Group Ltd. now owns 92,419 shares of the company’s stock worth $65,003,000 after acquiring an additional 16,052 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in Cable One by 0.6% during the 4th quarter. Westwood Holdings Group Inc. now owns 80,395 shares of the company’s stock worth $56,545,000 after acquiring an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 77.22% of the company’s stock.
In other news, major shareholder Donald Graham sold 4,316 shares of the business’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $662.60, for a total transaction of $2,859,781.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Charles B. Mcdonald sold 327 shares of the business’s stock in a transaction dated Wednesday, May 30th. The stock was sold at an average price of $660.03, for a total transaction of $215,829.81. Following the transaction, the senior vice president now owns 2,023 shares in the company, valued at $1,335,240.69. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,444 shares of company stock worth $8,190,210. 1.10% of the stock is currently owned by company insiders.
NYSE CABO opened at $726.25 on Thursday. 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 firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 7.89 and a beta of 0.25. Cable One Inc has a one year low of $597.40 and a one year high of $788.00.
Cable One (NYSE:CABO) last posted its quarterly earnings data on Wednesday, May 9th. The company reported $7.08 EPS for the quarter, beating 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 net margin of 23.95% and a return on equity of 22.33%. Cable One’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the business posted $5.60 earnings per share. equities analysts anticipate that Cable One Inc will post 30.9 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Tuesday, May 22nd were paid a $1.75 dividend. The ex-dividend date of this dividend was Monday, May 21st. This represents a $7.00 dividend on an annualized basis and a yield of 0.96%. Cable One’s dividend payout ratio is presently 32.39%.
CABO has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “buy” rating and set a $781.00 price target on the stock in a research note on Tuesday, March 6th. ValuEngine upgraded shares of Cable One from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. KeyCorp began coverage on shares of Cable One in a research note on Wednesday, May 16th. They set an “equal weight” rating on the stock. Finally, B. Riley began coverage on shares of Cable One in a research note on Friday, June 22nd. They issued a “buy” rating and a $840.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $791.80.
Cable One Profile
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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