Ensign Peak Advisors Inc raised its stake in shares of Cable One Inc (NYSE:CABO) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,391 shares of the company’s stock after buying an additional 540 shares during the period. Ensign Peak Advisors Inc owned about 0.09% of Cable One worth $9,568,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Strs Ohio boosted its stake in shares of Cable One by 40.5% during the 2nd quarter. Strs Ohio now owns 715 shares of the company’s stock valued at $1,269,000 after buying an additional 206 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Cable One by 44.1% during the 1st quarter. Guggenheim Capital LLC now owns 2,877 shares of the company’s stock valued at $4,730,000 after buying an additional 880 shares during the period. Advisor Group Holdings Inc. acquired a new stake in shares of Cable One during the 1st quarter valued at $1,092,000. State of Michigan Retirement System boosted its stake in shares of Cable One by 25.6% during the 2nd quarter. State of Michigan Retirement System now owns 1,884 shares of the company’s stock valued at $3,344,000 after buying an additional 384 shares during the period. Finally, Pendal Group Ltd boosted its stake in shares of Cable One by 39.0% during the 2nd quarter. Pendal Group Ltd now owns 114 shares of the company’s stock valued at $202,000 after buying an additional 32 shares during the period. 83.27% of the stock is owned by institutional investors.
Shares of CABO opened at $1,845.01 on Friday. The company has a market capitalization of $11.35 billion, a PE ratio of 46.79 and a beta of 0.42. Cable One Inc has a one year low of $1,031.39 and a one year high of $2,044.41. The company has a debt-to-equity ratio of 1.28, a current ratio of 3.47 and a quick ratio of 3.47. The company’s fifty day moving average price is $1,839.00 and its 200 day moving average price is $1,739.52.
Cable One (NYSE:CABO) last announced its earnings results on Thursday, August 6th. The company reported $10.63 EPS for the quarter, topping the consensus estimate of $8.82 by $1.81. The firm had revenue of $328.30 million for the quarter, compared to the consensus estimate of $323.15 million. Cable One had a net margin of 18.78% and a return on equity of 24.87%. During the same quarter last year, the firm posted $6.35 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts anticipate that Cable One Inc will post 44.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, August 18th were issued a dividend of $2.50 per share. This is an increase from Cable One’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Monday, August 17th. This represents a $10.00 annualized dividend and a dividend yield of 0.54%. Cable One’s payout ratio is presently 29.90%.
In other news, CEO Julia M. Laulis sold 753 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $1,700.00, for a total transaction of $1,280,100.00. Following the transaction, the chief executive officer now owns 4,890 shares in the company, valued at approximately $8,313,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Eric Michael Lardy sold 1,372 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $1,900.21, for a total transaction of $2,607,088.12. Following the transaction, the senior vice president now owns 2,081 shares in the company, valued at approximately $3,954,337.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,109 shares of company stock worth $5,717,086. Insiders own 1.30% of the company’s stock.
A number of research analysts have recently weighed in on the stock. B. Riley raised their price target on shares of Cable One from $1,700.00 to $1,800.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. raised their price target on shares of Cable One from $1,367.00 to $1,450.00 and gave the company an “underweight” rating in a report on Tuesday, May 12th. KeyCorp restated an “overweight” rating and set a $2,105.00 price target (up previously from $1,968.00) on shares of Cable One in a report on Tuesday, May 12th. Zacks Investment Research downgraded shares of Cable One from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Finally, SunTrust Banks restated a “hold” rating and set a $1,850.00 price target (up previously from $1,600.00) on shares of Cable One in a report on Tuesday, May 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Cable One presently has an average rating of “Hold” and an average price target of $1,849.14.
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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