BlackRock Inc. Has $287.61 Million Position in Cable One, Inc. (CABO)
BlackRock Inc. lowered its position in shares of Cable One, Inc. (NYSE:CABO) by 8.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 404,575 shares of the company’s stock after selling 35,210 shares during the quarter. BlackRock Inc. owned 7.07% of Cable One worth $287,612,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in Cable One by 45.2% in the first quarter. Russell Investments Group Ltd. now owns 4,383 shares of the company’s stock valued at $2,737,000 after purchasing an additional 1,364 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Cable One by 4.9% in the first quarter. Great West Life Assurance Co. Can now owns 2,833 shares of the company’s stock worth $1,767,000 after purchasing an additional 132 shares during the period. US Bancorp DE raised its holdings in 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 purchasing an additional 32 shares during the period. World Asset Management Inc acquired a new stake in Cable One in the first quarter worth $202,000. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Cable One by 8.0% during the first quarter. UBS Asset Management Americas Inc. now owns 2,963 shares of the company’s stock worth $1,850,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.
In other Cable One news, major shareholder Donald Graham purchased 24,561 shares of the business’s stock in a transaction on Monday, July 24th. The shares were purchased at an average cost of $742.52 per share, for a total transaction of $18,237,033.72. Following the acquisition, the insider now owns 271,546 shares of the company’s stock, valued at $201,628,335.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Julia M. Laulis sold 867 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 7,642 shares of the company’s stock, valued at approximately $5,627,186.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,561 shares of company stock worth $1,893,119. Insiders own 1.30% of the company’s stock.
Several equities analysts have recently issued reports on CABO shares. TheStreet raised shares of Cable One from a “c” rating to a “b-” rating in a report on Monday, June 12th. Raymond James Financial, Inc. initiated coverage on shares of Cable One in a research report on Thursday, June 8th. They issued an “outperform” rating and a $785.00 price objective for the company. Zacks Investment Research raised Cable One from a “strong sell” rating to a “hold” rating in a research note on Monday, July 10th. Finally, BidaskClub downgraded Cable One from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Cable One currently has an average rating of “Hold” and a consensus price target of $693.75.
Cable One, Inc. (CABO) opened at 720.79 on Tuesday. Cable One, Inc. has a 12-month low of $559.83 and a 12-month high of $754.00. The stock’s 50 day moving average price is $726.82 and its 200 day moving average price is $726.82. The company has a market cap of $4.13 billion, a PE ratio of 38.70 and a beta of 0.27.
Cable One (NYSE:CABO) last released its earnings results on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing the consensus estimate of $5.10 by ($0.13). Cable One had a return on equity of 22.83% and a net margin of 12.44%. The business had revenue of $241.00 million for the quarter, compared to analyst estimates of $247.02 million. During the same period in the prior year, the business earned $4.62 EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities research analysts anticipate that Cable One, Inc. will post $20.60 EPS for the current year.
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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