Arizona State Retirement System increased its stake in Cable One Inc (NYSE:CABO) by 8.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,523 shares of the company’s stock after acquiring an additional 263 shares during the quarter. Arizona State Retirement System’s holdings in Cable One were worth $3,113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CABO. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cable One by 44.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 226 shares of the company’s stock valued at $166,000 after acquiring an additional 70 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in Cable One during the second quarter worth about $202,000. Palisade Asset Management LLC purchased a new stake in shares of Cable One during the second quarter worth approximately $205,000. Levin Capital Strategies L.P. purchased a new stake in shares of Cable One during the second quarter worth approximately $220,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of Cable One during the third quarter worth approximately $221,000. 78.67% of the stock is owned by institutional investors.

In other Cable One news, Director Katharine Weymouth sold 254 shares of the business’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $834.30, for a total transaction of $211,912.20. Following the completion of the transaction, the director now owns 255 shares in the company, valued at approximately $212,746.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Several equities analysts have commented on the stock. ValuEngine upgraded shares of Cable One from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. SunTrust Banks downgraded Cable One from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $868.00 target price for the company in a report on Monday, August 13th. B. Riley set a $860.00 target price on Cable One and gave the company a “buy” rating in a report on Monday, August 13th. Finally, Raymond James cut Cable One from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $845.67.

Cable One stock opened at $863.77 on Friday. The company has a market cap of $5.24 billion, a P/E ratio of 39.97 and a beta of 0.26. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.61. Cable One Inc has a one year low of $597.40 and a one year high of $924.31.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $6.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.84 by ($1.14). Cable One had a return on equity of 22.42% and a net margin of 25.08%. The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $267.53 million. During the same quarter in the prior year, the firm earned $5.48 earnings per share. Cable One’s revenue for the quarter was up 5.7% compared to the same quarter last year. Sell-side analysts expect that Cable One Inc will post 30.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Tuesday, November 20th will be paid a dividend of $2.00 per share. The ex-dividend date is Monday, November 19th. This represents a $8.00 dividend on an annualized basis and a yield of 0.93%. Cable One’s payout ratio is currently 37.02%.

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About Cable One

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

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