Wells Fargo & Company MN lifted its stake in Cable One Inc (NYSE:CABO) by 11.9% in the 3rd quarter, Holdings Channel reports. The firm owned 15,445 shares of the company’s stock after buying an additional 1,639 shares during the quarter. Wells Fargo & Company MN’s holdings in Cable One were worth $13,647,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cable One by 44.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 226 shares of the company’s stock worth $166,000 after buying an additional 70 shares in the last quarter. Sterling Capital Management LLC bought a new stake in Cable One in the 2nd quarter worth about $202,000. Levin Capital Strategies L.P. bought a new stake in Cable One in the 2nd quarter worth about $220,000. Oakbrook Investments LLC bought a new stake in Cable One in the 3rd quarter worth about $221,000. Finally, Vident Investment Advisory LLC bought a new stake in Cable One in the 2nd quarter worth about $226,000. 78.52% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on CABO. Zacks Investment Research downgraded Cable One from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 15th. ValuEngine upgraded Cable One from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Wolfe Research began coverage on Cable One in a report on Friday. They issued an “underperform” rating for the company. B. Riley set a $860.00 price objective on Cable One and gave the stock a “buy” rating in a report on Monday, August 13th. Finally, Moffett Nathanson upgraded Cable One from a “sell” rating to a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Cable One currently has an average rating of “Hold” and an average price target of $845.67.
In other Cable One news, Director Thomas O. Might sold 4,417 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $882.47, for a total transaction of $3,897,869.99. Following the completion of the sale, the director now directly owns 21,292 shares in the company, valued at approximately $18,789,551.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven Scott Cochran purchased 300 shares of the business’s stock in a transaction on Friday, November 16th. The shares were purchased at an average price of $873.13 per share, with a total value of $261,939.00. Following the completion of the purchase, the chief financial officer now owns 1,219 shares in the company, valued at $1,064,345.47. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 570 shares of company stock valued at $495,116. Corporate insiders own 1.10% of the company’s stock.
NYSE CABO opened at $870.30 on Friday. Cable One Inc has a one year low of $597.40 and a one year high of $924.31. The stock has a market capitalization of $5.01 billion, a P/E ratio of 40.27 and a beta of 0.26. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.54.
Cable One (NYSE:CABO) last released its quarterly earnings data on Wednesday, November 7th. The company reported $6.70 EPS for the quarter, missing the consensus estimate of $7.84 by ($1.14). Cable One had a return on equity of 22.03% and a net margin of 25.08%. The business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $267.53 million. During the same quarter in the previous year, the business posted $5.48 earnings per share. Cable One’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts expect that Cable One Inc will post 29.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Tuesday, November 20th were issued a $2.00 dividend. The ex-dividend date was Monday, November 19th. This represents a $8.00 annualized dividend and a yield of 0.92%. Cable One’s payout ratio is 37.02%.
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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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