UBS Asset Management Americas Inc. Has $1.85 Million Stake in Cable One, Inc. (NYSE:CABO)
UBS Asset Management Americas Inc. increased its position in shares of Cable One, Inc. (NYSE:CABO) by 8.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,963 shares of the company’s stock after buying an additional 220 shares during the period. UBS Asset Management Americas Inc. owned about 0.05% of Cable One worth $1,850,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in CABO. Bank of New York Mellon Corp boosted its stake in shares of Cable One by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 64,317 shares of the company’s stock worth $40,165,000 after buying an additional 2,036 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Cable One by 231.0% in the fourth quarter. Macquarie Group Ltd. now owns 63,698 shares of the company’s stock worth $39,603,000 after buying an additional 44,453 shares during the last quarter. Norges Bank acquired a new stake in shares of Cable One during the fourth quarter worth approximately $27,365,000. Renaissance Technologies LLC boosted its stake in shares of Cable One by 323.7% in the fourth quarter. Renaissance Technologies LLC now owns 25,000 shares of the company’s stock worth $15,543,000 after buying an additional 19,100 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Cable One by 14.0% in the first quarter. Bank of Montreal Can now owns 11,823 shares of the company’s stock worth $7,383,000 after buying an additional 1,454 shares during the last quarter. 74.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Cable One, Inc. (NYSE CABO) traded down 0.12% during trading on Friday, hitting $761.36. 9,002 shares of the company traded hands. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 41.65 and a beta of 0.30. Cable One, Inc. has a one year low of $510.31 and a one year high of $766.51. The firm has a 50 day moving average price of $729.87 and a 200-day moving average price of $673.14.
Cable One (NYSE:CABO) last released its earnings results on Thursday, May 4th. The company reported $5.80 earnings per share for the quarter, topping the consensus estimate of $5.62 by $0.18. Cable One had a net margin of 12.75% and a return on equity of 23.30%. The business had revenue of $207.43 million for the quarter, compared to the consensus estimate of $205.97 million. During the same period last year, the firm posted $4.65 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts predict that Cable One, Inc. will post $18.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $1.75 per share. The ex-dividend date is Friday, August 11th. This is an increase from Cable One’s previous quarterly dividend of $1.50. This represents a $7.00 dividend on an annualized basis and a yield of 0.92%. Cable One’s payout ratio is presently 32.82%.
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A number of research analysts have recently issued reports 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 upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 20th. 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 target on the stock. Finally, SunTrust Banks, Inc. assumed coverage on shares of Cable One in a research note on Tuesday, April 18th. They set a “buy” rating and a $715.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Cable One presently has a consensus rating of “Hold” and an average price target of $655.75.
In related news, major shareholder Donald Graham sold 4,100 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $716.05, for a total transaction of $2,935,805.00. Following the transaction, the insider now directly owns 246,985 shares of the company’s stock, valued at $176,853,609.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Eric Michael Lardy sold 322 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $725.00, for a total transaction of $233,450.00. Following the transaction, the senior vice president now directly owns 2,542 shares in the company, valued at $1,842,950. The disclosure for this sale can be found here. Insiders have sold 9,022 shares of company stock worth $6,483,807 over the last ninety days. 1.30% of the stock is currently 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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