Tudor Investment Corp Et Al lessened its stake in Cable One Inc (NYSE:CABO) by 5.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 527 shares of the company’s stock after selling 32 shares during the quarter. Tudor Investment Corp Et Al’s holdings in Cable One were worth $935,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Strs Ohio increased its holdings in shares of Cable One by 40.5% in the second quarter. Strs Ohio now owns 715 shares of the company’s stock worth $1,269,000 after acquiring an additional 206 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Cable One by 44.1% in the first quarter. Guggenheim Capital LLC now owns 2,877 shares of the company’s stock worth $4,730,000 after acquiring an additional 880 shares in the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of Cable One in the first quarter worth about $1,092,000. State of Michigan Retirement System increased its holdings in shares of Cable One by 25.6% in the second quarter. State of Michigan Retirement System now owns 1,884 shares of the company’s stock worth $3,344,000 after acquiring an additional 384 shares in the last quarter. Finally, Pendal Group Ltd increased its holdings in shares of Cable One by 39.0% in the second quarter. Pendal Group Ltd now owns 114 shares of the company’s stock worth $202,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.
Several research analysts have recently weighed in on the company. Truist Financial upped their price objective on Cable One from $1,850.00 to $2,000.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Zacks Investment Research cut Cable One from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, B. Riley upped their price objective on Cable One from $1,700.00 to $1,800.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $1,849.14.
In other Cable One news, COO Michael E. Bowker sold 334 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1,853.20, for a total transaction of $618,968.80. Following the sale, the chief operating officer now owns 2,857 shares in the company, valued at $5,294,592.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Eric Michael Lardy sold 1,372 shares of the company’s stock in a transaction on 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 completion of the transaction, the senior vice president now directly 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. Company insiders own 1.30% of the company’s stock.
Shares of NYSE CABO opened at $1,774.40 on Friday. Cable One Inc has a 52 week low of $1,031.39 and a 52 week high of $2,044.41. The stock has a 50 day moving average price of $1,843.50 and a 200 day moving average price of $1,741.15. The stock has a market capitalization of $10.68 billion, a PE ratio of 43.62 and a beta of 0.42. The company has a debt-to-equity ratio of 1.28, a quick ratio of 3.47 and a current ratio of 3.47.
Cable One (NYSE:CABO) last posted its earnings results on Thursday, August 6th. The company reported $10.63 earnings per share (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 return on equity of 24.87% and a net margin of 18.78%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.35 earnings per share. As a group, research analysts forecast that Cable One Inc will post 44.43 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, August 18th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $10.00 annualized dividend and a dividend yield of 0.56%. This is an increase from Cable One’s previous quarterly dividend of $2.25. Cable One’s dividend payout ratio is currently 29.90%.
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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