2,680 Shares in Cable One, Inc. (CABO) Acquired by Great Lakes Advisors LLC
Great Lakes Advisors LLC acquired a new stake in shares of Cable One, Inc. (NYSE:CABO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,680 shares of the company’s stock, valued at approximately $1,905,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in Cable One by 28.3% in the second quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock valued at $116,000 after buying an additional 36 shares during the last quarter. Quantbot Technologies LP purchased a new position in Cable One during the first quarter valued at approximately $115,000. US Bancorp DE increased its position in Cable One by 16.2% in the first quarter. US Bancorp DE now owns 230 shares of the company’s stock valued at $144,000 after buying an additional 32 shares during the last quarter. Stonebridge Capital Management Inc. purchased a new position in Cable One during the second quarter valued at approximately $213,000. Finally, Usca Ria LLC purchased a new position in Cable One during the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 70.38% of the company’s stock.
Cable One, Inc. (NYSE CABO) opened at 746.99 on Tuesday. Cable One, Inc. has a 1-year low of $527.75 and a 1-year high of $788.00. The company has a 50-day moving average price of $742.67 and a 200 day moving average price of $687.73. The stock has a market cap of $4.28 billion, a P/E ratio of 40.11 and a beta of 0.30.
Cable One (NYSE:CABO) last released its quarterly earnings data on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.10 by $0.13. The business had revenue of $241 million during the quarter, compared to analyst estimates of $247.02 million. Cable One had a return on equity of 22.83% and a net margin of 12.44%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.62 EPS. Equities analysts expect that Cable One, Inc. will post $20.60 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a $1.75 dividend. The ex-dividend date is Friday, August 11th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 0.94%. This is a positive change from Cable One’s previous quarterly dividend of $1.50. Cable One’s dividend payout ratio is presently 37.57%.
Several research firms recently commented on CABO. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $837.00 price objective on the stock in a research note on Thursday, August 10th. BidaskClub downgraded Cable One from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Raymond James Financial, Inc. upped their price objective on Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Finally, TheStreet upgraded Cable One from a “c” rating to a “b-” rating in a research note on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Cable One has a consensus rating of “Buy” and a consensus target price of $693.75.
In other Cable One news, major shareholder Donald Graham acquired 24,561 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were purchased at an average price of $742.52 per share, for a total transaction of $18,237,033.72. Following the completion of the purchase, the insider now directly owns 271,546 shares of the company’s stock, valued at $201,628,335.92. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Julia M. Laulis sold 867 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $736.35, for a total transaction of $638,415.45. Following the completion of the sale, the chief executive officer now owns 7,642 shares in the company, valued at approximately $5,627,186.70. The disclosure for this sale can be found here. Insiders sold 9,889 shares of company stock worth $7,122,222 in the last quarter. Company 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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