Covestor Ltd Has $123,000 Position in Cable One, Inc. (NYSE:CABO)

Covestor Ltd increased its holdings in shares of Cable One, Inc. (NYSE:CABO) by 142.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 291 shares of the company’s stock after buying an additional 171 shares during the quarter. Covestor Ltd’s holdings in Cable One were worth $123,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CABO. Norges Bank bought a new position in shares of Cable One during the 4th quarter worth approximately $35,195,000. Private Management Group Inc. boosted its position in Cable One by 648.3% during the first quarter. Private Management Group Inc. now owns 66,559 shares of the company’s stock valued at $28,163,000 after purchasing an additional 57,664 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after purchasing an additional 48,513 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Cable One by 11.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock worth $149,447,000 after buying an additional 27,635 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in Cable One during the first quarter worth $8,695,000. Institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

CABO stock traded down $2.74 during mid-day trading on Wednesday, hitting $345.82. The stock had a trading volume of 26,903 shares, compared to its average volume of 111,122. The firm has a fifty day simple moving average of $359.95 and a 200 day simple moving average of $422.78. Cable One, Inc. has a 52 week low of $318.68 and a 52 week high of $744.95. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $1.94 billion, a P/E ratio of 7.98 and a beta of 0.83.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). Cable One had a net margin of 15.50% and a return on equity of 12.76%. The company had revenue of $404.30 million during the quarter, compared to analyst estimates of $408.79 million. During the same quarter in the previous year, the business posted $9.62 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, research analysts forecast that Cable One, Inc. will post 32.21 EPS for the current year.

Cable One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were paid a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, May 24th. Cable One’s dividend payout ratio is currently 27.02%.

Insider Activity at Cable One

In other Cable One news, Director Wallace R. Weitz purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was purchased at an average cost of $369.98 per share, for a total transaction of $369,980.00. Following the transaction, the director now owns 4,565 shares in the company, valued at approximately $1,688,958.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CABO shares. Wells Fargo & Company lowered their price target on Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a research report on Friday, May 3rd. TD Cowen cut their price target on Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Finally, KeyCorp reduced their price objective on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $590.83.

Cable One Company Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.