Fort L.P. purchased a new position in shares of Cable One Inc (NYSE:CABO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 524 shares of the company’s stock, valued at approximately $430,000.
A number of other institutional investors also recently made changes to their positions in the stock. Raymond James & Associates boosted its position in Cable One by 5.2% in the fourth quarter. Raymond James & Associates now owns 504 shares of the company’s stock worth $413,000 after purchasing an additional 25 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Cable One by 3.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 739 shares of the company’s stock worth $606,000 after purchasing an additional 26 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Cable One by 3.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 867 shares of the company’s stock worth $711,000 after purchasing an additional 30 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cable One by 16.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 263 shares of the company’s stock worth $216,000 after purchasing an additional 37 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in Cable One by 26.6% in the fourth quarter. Advisor Group Inc. now owns 176 shares of the company’s stock worth $145,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 78.44% of the company’s stock.
Shares of NYSE CABO opened at $943.82 on Friday. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 32.81 and a beta of 0.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.38 and a current ratio of 2.38. Cable One Inc has a twelve month low of $597.40 and a twelve month high of $970.00.
Cable One (NYSE:CABO) last announced its earnings results on Wednesday, February 27th. The company reported $7.34 earnings per share for the quarter, missing analysts’ consensus estimates of $8.04 by ($0.70). The business had revenue of $269.90 million during the quarter, compared to the consensus estimate of $270.53 million. Cable One had a return on equity of 22.44% and a net margin of 15.36%. Cable One’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.20 earnings per share. Research analysts forecast that Cable One Inc will post 34.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 19th were paid a $2.00 dividend. The ex-dividend date of this dividend was Friday, February 15th. This represents a $8.00 dividend on an annualized basis and a yield of 0.85%. Cable One’s dividend payout ratio is currently 27.81%.
A number of brokerages have recently commented on CABO. Raymond James reaffirmed a “hold” rating on shares of Cable One in a research report on Thursday, February 28th. KeyCorp reaffirmed an “overweight” rating and set a $1,115.00 price target (up previously from $1,025.00) on shares of Cable One in a research report on Thursday, February 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $1,065.00 price objective on the stock in a research note on Tuesday, March 5th. B. Riley boosted their price objective on Cable One from $990.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Wolfe Research started coverage on Cable One in a research note on Friday, December 7th. They set an “underperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $1,043.75.
Cable One Company 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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