Airain ltd boosted its position in shares of Cable One, Inc. (NYSE:CABO) by 48.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,497 shares of the company’s stock after buying an additional 487 shares during the period. Airain ltd’s holdings in Cable One were worth $1,064,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CABO. Quantbot Technologies LP purchased a new position in shares of Cable One during the first quarter worth approximately $115,000. Victory Capital Management Inc. boosted its position in shares of Cable One by 28.3% in the second 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 boosted its position in shares of Cable One by 16.2% in the first quarter. US Bancorp DE now owns 230 shares of the company’s stock worth $144,000 after buying an additional 32 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Cable One by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock valued at $192,000 after buying an additional 8 shares in the last quarter. Finally, World Asset Management Inc bought a new stake in Cable One during the first quarter valued at approximately $202,000. 70.38% of the stock is owned by institutional investors and hedge funds.

Shares of Cable One, Inc. (CABO) opened at 757.25 on Friday. The company has a 50 day moving average price of $745.79 and a 200 day moving average price of $691.82. The firm has a market cap of $4.34 billion, a PE ratio of 40.66 and a beta of 0.31. Cable One, Inc. has a 12-month low of $538.00 and a 12-month high of $788.00.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the Thomson Reuters’ 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 net margin of 12.44% and a return on equity of 22.83%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.62 earnings per share. On average, analysts forecast that Cable One, Inc. will post $20.60 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were issued a $1.75 dividend. The ex-dividend date of this dividend was Friday, August 11th. This is an increase from Cable One’s previous quarterly dividend of $1.50. This represents a $7.00 annualized dividend and a yield of 0.92%. Cable One’s payout ratio is 37.57%.

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Several research firms recently commented on CABO. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $837.00 price target for the company in a report on Thursday, August 10th. BidaskClub cut Cable One from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Raymond James Financial, Inc. increased their price target on Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, TheStreet raised Cable One from a “c” rating to a “b-” rating in a report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $693.75.

In other Cable One news, major shareholder Donald Graham sold 1,300 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $727.34, for a total value of $945,542.00. Following the completion of the transaction, the insider now directly owns 246,985 shares in the company, valued at approximately $179,642,069.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Julia M. Laulis sold 867 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $736.35, for a total value of $638,415.45. Following the completion of the transaction, the chief executive officer now owns 7,642 shares of the company’s stock, valued at $5,627,186.70. The disclosure for this sale can be found here. Insiders sold a total of 9,889 shares of company stock valued at $7,122,222 over the last quarter. 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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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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