Capital Bank & Trust Co boosted its stake in Cable One Inc (NYSE:CABO) by 168.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,211 shares of the company’s stock after purchasing an additional 15,178 shares during the period. Capital Bank & Trust Co’s holdings in Cable One were worth $28,190,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CABO. BlackRock Inc. grew its holdings in Cable One by 0.4% during the 2nd quarter. BlackRock Inc. now owns 431,907 shares of the company’s stock worth $505,760,000 after acquiring an additional 1,900 shares during the period. Renaissance Technologies LLC grew its holdings in Cable One by 8.4% during the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the company’s stock worth $326,238,000 after acquiring an additional 21,700 shares during the period. William Blair Investment Management LLC grew its holdings in Cable One by 39.7% during the 2nd quarter. William Blair Investment Management LLC now owns 132,761 shares of the company’s stock worth $155,462,000 after acquiring an additional 37,728 shares during the period. Invesco Ltd. grew its holdings in Cable One by 1,218.6% during the 2nd quarter. Invesco Ltd. now owns 105,303 shares of the company’s stock worth $123,309,000 after acquiring an additional 97,317 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Cable One by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 78,327 shares of the company’s stock worth $64,236,000 after acquiring an additional 989 shares during the period. Institutional investors and hedge funds own 77.90% of the company’s stock.
In other Cable One news, CEO Julia M. Laulis sold 662 shares of Cable One stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $1,255.32, for a total transaction of $831,021.84. Following the transaction, the chief executive officer now owns 2,899 shares of the company’s stock, valued at approximately $3,639,172.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Michael E. Bowker sold 300 shares of Cable One stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,246.80, for a total transaction of $374,040.00. Following the transaction, the chief operating officer now directly owns 1,718 shares in the company, valued at approximately $2,142,002.40. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
Shares of CABO stock traded down $2.20 on Wednesday, reaching $1,252.10. 326 shares of the company were exchanged, compared to its average volume of 40,890. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 43.78 and a beta of 0.40. The company has a 50-day moving average of $1,257.54 and a 200-day moving average of $1,128.45. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.09 and a quick ratio of 1.09. Cable One Inc has a one year low of $767.15 and a one year high of $1,321.49.
Cable One (NYSE:CABO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $6.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $7.76 by ($1.41). The company had revenue of $285.70 million for the quarter, compared to the consensus estimate of $283.61 million. Cable One had a return on equity of 21.26% and a net margin of 14.10%. Cable One’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $7.65 EPS. As a group, sell-side analysts predict that Cable One Inc will post 29.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, August 20th were given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Monday, August 19th. This is a boost from Cable One’s previous quarterly dividend of $2.00. Cable One’s dividend payout ratio is 31.28%.
CABO has been the subject of a number of recent analyst reports. KeyCorp reiterated an “overweight” rating and set a $1,482.00 price target (up from $1,316.00) on shares of Cable One in a report on Wednesday, September 4th. Stephens initiated coverage on Cable One in a report on Wednesday, June 26th. They set an “equal weight” rating and a $1,200.00 price target for the company. B. Riley set a $1,400.00 price target on Cable One and gave the stock a “buy” rating in a report on Thursday, August 29th. Wolfe Research upgraded Cable One from an “underperform” rating to a “peer perform” rating in a report on Tuesday, July 23rd. Finally, Zacks Investment Research downgraded Cable One from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $1,282.20.
Cable One Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.
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