Arizona State Retirement System grew its holdings in shares of Cable One Inc (NYSE:CABO) by 8.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,523 shares of the company’s stock after acquiring an additional 263 shares during the quarter. Arizona State Retirement System owned about 0.06% of Cable One worth $3,113,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in Cable One by 3.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 1,825 shares of the company’s stock valued at $1,338,000 after buying an additional 65 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Cable One by 44.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 226 shares of the company’s stock valued at $166,000 after purchasing an additional 70 shares during the period. Mercer Capital Advisers Inc. boosted its stake in Cable One by 8.6% during the 2nd quarter. Mercer Capital Advisers Inc. now owns 976 shares of the company’s stock valued at $716,000 after purchasing an additional 77 shares during the period. Texas Permanent School Fund boosted its stake in Cable One by 3.0% during the 3rd quarter. Texas Permanent School Fund now owns 3,122 shares of the company’s stock valued at $2,759,000 after purchasing an additional 91 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in Cable One by 8.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 1,300 shares of the company’s stock valued at $953,000 after purchasing an additional 100 shares during the period. Institutional investors own 78.67% of the company’s stock.
A number of analysts have commented on CABO shares. Raymond James downgraded Cable One from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 19th. ValuEngine raised Cable One from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. SunTrust Banks lowered Cable One from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $936.00 price objective on the stock in a research report on Monday, October 15th. Finally, B. Riley set a $860.00 price target on Cable One and gave the stock a “buy” rating in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Cable One has an average rating of “Hold” and a consensus target price of $845.67.
Shares of NYSE CABO opened at $863.77 on Friday. Cable One Inc has a twelve month low of $597.40 and a twelve month high of $924.31. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 39.97 and a beta of 0.26. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.03 and a current ratio of 2.03.
Cable One (NYSE:CABO) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $6.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.84 by ($1.14). The company had revenue of $268.30 million during the quarter, compared to the consensus estimate of $267.53 million. Cable One had a net margin of 25.08% and a return on equity of 22.42%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $5.48 earnings per share. On average, analysts anticipate that Cable One Inc will post 30.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $2.00 per share. The ex-dividend date is Monday, November 19th. This represents a $8.00 annualized dividend and a dividend yield of 0.93%. Cable One’s dividend payout ratio (DPR) is presently 37.02%.
In other news, Director Katharine Weymouth sold 254 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $834.30, for a total transaction of $211,912.20. Following the completion of the transaction, the director now directly owns 255 shares in the company, valued at $212,746.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.
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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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