Los Angeles Capital Management & Equity Research Inc. raised its position in Cable One, Inc. (NYSE:CABO) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,421 shares of the company’s stock after acquiring an additional 73 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.16% of Cable One worth $6,803,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CABO. Victory Capital Management Inc. lifted its stake in shares of Cable One by 28.3% during the 2nd quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock worth $116,000 after buying an additional 36 shares during the last quarter. US Bancorp DE lifted its stake in shares of Cable One by 19.6% during the 2nd quarter. US Bancorp DE now owns 275 shares of the company’s stock worth $196,000 after buying an additional 45 shares during the last quarter. Palisade Asset Management LLC acquired a new stake in shares of Cable One during the 3rd quarter worth about $202,000. Virtu KCG Holdings LLC acquired a new stake in shares of Cable One during the 2nd quarter worth about $209,000. Finally, Stonebridge Capital Management Inc. acquired a new stake in shares of Cable One during the 2nd quarter worth about $213,000. Hedge funds and other institutional investors own 71.85% of the company’s stock.

In other Cable One news, CFO Kevin P. Coyle sold 450 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $740.91, for a total value of $333,409.50. Following the transaction, the chief financial officer now directly owns 4,440 shares of the company’s stock, valued at approximately $3,289,640.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Michael E. Bowker sold 1,244 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $740.59, for a total transaction of $921,293.96. Following the completion of the transaction, the chief operating officer now directly owns 7,104 shares in the company, valued at $5,261,151.36. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

CABO has been the subject of a number of research reports. BidaskClub cut shares of Cable One from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Cable One from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Raymond James Financial, Inc. raised their target price on shares of Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. J P Morgan Chase & Co cut shares of Cable One from a “neutral” rating to an “underweight” rating in a research note on Monday, November 13th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $700.00 target price (down previously from $761.00) on shares of Cable One in a research note on Monday, November 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $705.00.

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Cable One, Inc. (NYSE:CABO) opened at $667.18 on Monday. Cable One, Inc. has a 1 year low of $564.26 and a 1 year high of $788.00. The company has a market cap of $3,822.53, a PE ratio of 32.58, a P/E/G ratio of 10.04 and a beta of 0.24. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.34 and a current ratio of 1.34.

Cable One (NYSE:CABO) last released its quarterly earnings results on Wednesday, November 8th. The company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $5.20 by $0.28. Cable One had a net margin of 12.95% and a return on equity of 23.97%. The business had revenue of $253.85 million for the quarter, compared to analyst estimates of $255.68 million. During the same period last year, the firm earned $3.63 earnings per share. Cable One’s revenue for the quarter was up 23.5% compared to the same quarter last year. analysts anticipate that Cable One, Inc. will post 22.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 21st will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Monday, November 20th. Cable One’s dividend payout ratio is 34.18%.

Cable One Profile

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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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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