Cable One, Inc. (CABO) Shares Bought by Teachers Advisors LLC
Teachers Advisors LLC increased its position in Cable One, Inc. (NYSE:CABO) by 20.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,259 shares of the company’s stock after buying an additional 885 shares during the period. Teachers Advisors LLC’s holdings in Cable One were worth $3,284,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Cable One by 21.9% in the first quarter. JPMorgan Chase & Co. now owns 41,121 shares of the company’s stock worth $25,679,000 after buying an additional 7,390 shares in the last quarter. Prudential Financial Inc. boosted its position in Cable One by 169.0% in the first quarter. Prudential Financial Inc. now owns 10,885 shares of the company’s stock worth $6,797,000 after buying an additional 6,839 shares in the last quarter. Karp Capital Management Corp bought a new position in Cable One during the first quarter worth about $3,174,000. William Blair Investment Management LLC boosted its position in Cable One by 6.5% in the first quarter. William Blair Investment Management LLC now owns 75,837 shares of the company’s stock worth $47,358,000 after buying an additional 4,657 shares in the last quarter. Finally, First Quadrant L P CA boosted its position in Cable One by 56,800.0% in the first quarter. First Quadrant L P CA now owns 4,552 shares of the company’s stock worth $2,843,000 after buying an additional 4,544 shares in the last quarter. 74.14% of the stock is owned by institutional investors and hedge funds.
Cable One, Inc. (NYSE CABO) traded up 1.23% during mid-day trading on Friday, hitting $735.60. 40,241 shares of the stock were exchanged. The company has a 50 day moving average price of $736.62 and a 200 day moving average price of $680.13. Cable One, Inc. has a 52-week low of $527.75 and a 52-week high of $788.00. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 39.50 and a beta of 0.30.
Cable One (NYSE:CABO) last released its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing the consensus estimate of $5.10 by $0.13. Cable One had a net margin of 12.44% and a return on equity of 22.83%. The business had revenue of $241 million during the quarter, compared to analysts’ expectations of $247.02 million. During the same quarter last year, the company earned $4.62 EPS. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, analysts anticipate that Cable One, Inc. will post $20.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a $1.75 dividend. This is an increase from Cable One’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, August 11th. This represents a $7.00 annualized dividend and a yield of 0.95%. Cable One’s dividend payout ratio is 32.21%.
CABO has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 20th. SunTrust Banks, Inc. initiated coverage on shares of Cable One in a report on Tuesday, April 18th. They issued a “buy” rating and a $715.00 price target for the company. TheStreet raised shares of Cable One from a “c” rating to a “b-” rating in a report on Monday, June 12th. Raymond James Financial, Inc. initiated coverage on shares of Cable One in a report on Thursday, June 8th. They issued an “outperform” rating and a $785.00 price target for the company. Finally, BidaskClub cut shares of Cable One from a “strong-buy” rating to a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $693.75.
In related news, SVP Eric Michael Lardy sold 322 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $725.00, for a total value of $233,450.00. Following the completion of the sale, the senior vice president now owns 2,542 shares in the company, valued at approximately $1,842,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Donald Graham sold 800 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $713.45, for a total transaction of $570,760.00. Following the completion of the sale, the insider now owns 246,985 shares of the company’s stock, valued at approximately $176,211,448.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,022 shares of company stock valued at $6,483,807. 1.30% of the stock is owned by insiders.
About Cable One
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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