Utah Retirement Systems continued to hold its stake in shares of Cable One, Inc. (NYSE:CABO) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 839 shares of the company’s stock at the close of the second quarter. Utah Retirement Systems’ holdings in Cable One were worth $596,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Cable One by 6,855.3% in the 1st 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 in the last quarter. Vanguard Group Inc. raised its position in shares of Cable One by 6.0% in the 1st 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 in the last quarter. State Street Corp raised its position in shares of Cable One by 2.0% in the 1st quarter. State Street Corp now owns 126,304 shares of the company’s stock valued at $78,863,000 after buying an additional 2,479 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of Cable One by 4.8% in the 1st 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 in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Cable One by 7.3% in the 2nd quarter. William Blair Investment Management LLC now owns 81,354 shares of the company’s stock valued at $57,835,000 after buying an additional 5,517 shares in the last quarter. Institutional investors own 70.38% of the company’s stock.

Cable One, Inc. (CABO) opened at 733.40 on Thursday. Cable One, Inc. has a 52-week low of $538.00 and a 52-week high of $754.00. The company’s 50-day moving average is $746.07 and its 200-day moving average is $662.98. The firm has a market capitalization of $4.20 billion, a PE ratio of 39.38 and a beta of 0.31.

Cable One (NYSE:CABO) last released its quarterly earnings data on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing analysts’ consensus estimates of $5.10 by ($0.13). Cable One had a net margin of 12.44% and a return on equity of 22.83%. The firm had revenue of $241.00 million during the quarter, compared to the consensus estimate of $247.02 million. During the same quarter last year, the business posted $4.62 earnings per share. Cable One’s revenue was up 17.8% compared to the same quarter last year. Analysts forecast that Cable One, Inc. will post $20.60 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were given a $1.75 dividend. This is a positive change from Cable One’s previous quarterly dividend of $1.50. This represents a $7.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, August 11th. Cable One’s dividend payout ratio (DPR) is 37.57%.

In other news, SVP Eric Michael Lardy sold 322 shares of the firm’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 value of $233,450.00. Following the completion of the transaction, the senior vice president now directly owns 2,542 shares in the company, valued at $1,842,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Michael E. Bowker sold 1,244 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $740.59, for a total transaction of $921,293.96. Following the completion of the transaction, the chief operating officer now owns 7,104 shares of the company’s stock, valued at $5,261,151.36. The disclosure for this sale can be found here. Insiders sold 4,483 shares of company stock valued at $3,278,889 over the last 90 days. 1.30% of the stock is owned by company insiders.

Several equities analysts have recently commented on the stock. Raymond James Financial, Inc. boosted their target price on shares of Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Cable One from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research cut shares of Cable One from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, TheStreet upgraded shares of Cable One from a “c” rating to a “b-” rating in a research report on Monday, June 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $693.75.

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Cable One Profile

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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