Cable One, Inc. (NYSE:CABO) Shares Bought by State Street Corp
State Street Corp increased its stake in shares of Cable One, Inc. (NYSE:CABO) by 2.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,304 shares of the company’s stock after buying an additional 2,479 shares during the period. State Street Corp owned about 2.21% of Cable One worth $78,863,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Cable One by 6,855.3% in the first quarter. BlackRock Inc. now owns 439,785 shares of the company’s stock valued at $274,634,000 after buying an additional 433,462 shares during the last quarter. Vanguard Group Inc. raised its stake in Cable One by 6.0% in the first quarter. Vanguard Group Inc. now owns 375,043 shares of the company’s stock valued at $234,203,000 after buying an additional 21,111 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Cable One by 4.8% in the first quarter. TimesSquare Capital Management LLC now owns 113,674 shares of the company’s stock valued at $70,986,000 after buying an additional 5,208 shares during the last quarter. William Blair Investment Management LLC raised its stake 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 valued at $47,358,000 after buying an additional 4,657 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Cable One by 185.4% in the first quarter. Renaissance Technologies LLC now owns 71,353 shares of the company’s stock valued at $44,558,000 after buying an additional 46,353 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.
Cable One, Inc. (NYSE CABO) opened at 738.51 on Monday. The stock has a 50 day moving average of $707.85 and a 200 day moving average of $651.61. Cable One, Inc. has a 52 week low of $506.42 and a 52 week high of $742.13. The company has a market cap of $4.23 billion, a P/E ratio of 40.40 and a beta of 0.28.
Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, May 4th. The company reported $5.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.62 by $0.18. Cable One had a net margin of 12.75% and a return on equity of 23.30%. The firm had revenue of $207.43 million for the quarter, compared to the consensus estimate of $205.97 million. During the same quarter in the previous year, the firm earned $4.65 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that Cable One, Inc. will post $18.42 earnings per share for the current year.
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Several equities research analysts recently commented on the stock. Raymond James Financial, Inc. assumed coverage on shares of Cable One in a research note on Thursday, June 8th. They set an “outperform” rating and a $785.00 price objective on the stock. TheStreet upgraded shares of Cable One from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Zacks Investment Research downgraded shares of Cable One from a “buy” rating to a “sell” rating in a research note on Wednesday, May 10th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Cable One in a research note on Tuesday, April 18th. They issued a “buy” rating and a $715.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Cable One currently has an average rating of “Hold” and an average price target of $655.75.
In related news, major shareholder Donald Graham sold 4,100 shares of Cable One stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $716.05, for a total value of $2,935,805.00. Following the completion of the sale, the insider now directly owns 246,985 shares in the company, valued at approximately $176,853,609.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Eric Michael Lardy sold 322 shares of Cable One stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $725.00, for a total transaction of $233,450.00. Following the completion of the sale, the senior vice president now owns 2,542 shares of the company’s stock, valued at $1,842,950. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,022 shares of company stock worth $6,483,807. Insiders own 1.30% of the company’s stock.
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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