Ajo LP purchased a new position in shares of Cable One Inc (NYSE:CABO) in the first quarter, HoldingsChannel reports. The fund purchased 1,068 shares of the company’s stock, valued at approximately $1,048,000.
A number of other large investors have also recently added to or reduced their stakes in CABO. Norges Bank acquired a new position in Cable One during the 4th quarter worth approximately $37,088,000. Wells Fargo & Company MN boosted its position in Cable One by 73.8% during the 1st quarter. Wells Fargo & Company MN now owns 50,248 shares of the company’s stock worth $49,313,000 after acquiring an additional 21,332 shares during the last quarter. Martingale Asset Management L P boosted its position in Cable One by 903.5% during the 1st quarter. Martingale Asset Management L P now owns 15,083 shares of the company’s stock worth $14,804,000 after acquiring an additional 13,580 shares during the last quarter. BlackRock Inc. boosted its position in Cable One by 2.4% during the 1st quarter. BlackRock Inc. now owns 430,007 shares of the company’s stock worth $422,000,000 after acquiring an additional 10,238 shares during the last quarter. Finally, Vanguard Group Inc boosted its position in Cable One by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 423,990 shares of the company’s stock worth $374,642,000 after acquiring an additional 8,214 shares during the last quarter. 80.23% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on CABO. B. Riley reaffirmed a “buy” rating and set a $1,250.00 price target (up previously from $1,090.00) on shares of Cable One in a research report on Tuesday, June 4th. Zacks Investment Research cut Cable One from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. SunTrust Banks upped their price objective on Cable One to $1,020.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. They noted that the move was a valuation call. Raymond James reiterated a “hold” rating on shares of Cable One in a research note on Thursday, February 28th. Finally, KeyCorp reiterated an “overweight” rating and set a $1,115.00 price objective (up previously from $1,025.00) on shares of Cable One in a research note on Thursday, February 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $1,138.50.
Shares of Cable One stock opened at $1,164.00 on Wednesday. Cable One Inc has a 12-month low of $682.46 and a 12-month high of $1,192.79. The company has a market cap of $6.74 billion, a PE ratio of 40.46 and a beta of 0.42. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.80.
Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, May 9th. The company reported $6.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.10 by ($1.32). Cable One had a return on equity of 22.57% and a net margin of 15.01%. The company had revenue of $278.61 million for the quarter, compared to the consensus estimate of $279.23 million. During the same quarter in the prior year, the company earned $7.08 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities analysts expect that Cable One Inc will post 30.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Friday, May 24th. Cable One’s dividend payout ratio is currently 27.81%.
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About Cable One
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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