Royal Bank of Canada decreased its holdings in Cable One, Inc. (NYSE:CABO) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 476 shares of the company’s stock after selling 1 shares during the quarter. Royal Bank of Canada’s holdings in Cable One were worth $339,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. grew 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 worth $116,000 after buying an additional 36 shares during the last quarter. US Bancorp DE grew its position in Cable One by 19.6% in the second quarter. US Bancorp DE now owns 275 shares of the company’s stock worth $196,000 after buying an additional 45 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in Cable One in the second quarter worth approximately $209,000. Stonebridge Capital Management Inc. acquired a new position in Cable One in the second quarter worth approximately $213,000. Finally, Usca Ria LLC acquired a new position in Cable One in the second quarter worth approximately $213,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.

Cable One, Inc. (NYSE:CABO) opened at $667.18 on Friday. Cable One, Inc. has a 52-week low of $564.26 and a 52-week high of $788.00. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $3,838.69, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 10.08 and a beta of 0.24.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 earnings per share for the quarter, topping the consensus estimate of $5.20 by $0.28. Cable One had a net margin of 12.95% and a return on equity of 23.97%. The firm had revenue of $253.85 million for the quarter, compared to analysts’ expectations of $255.68 million. During the same period in the previous year, the company posted $3.63 EPS. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. equities analysts anticipate that Cable One, Inc. will post 22.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 21st will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Monday, November 20th. Cable One’s payout ratio is 34.18%.

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CABO has been the topic of several recent research reports. BidaskClub lowered shares of Cable One from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Zacks Investment Research upgraded shares of Cable One from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Raymond James Financial, Inc. lifted their price target on shares of Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. J P Morgan Chase & Co lowered shares of Cable One from a “neutral” rating to an “underweight” rating in a research report on Monday, November 13th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $700.00 price target (down previously from $761.00) on shares of Cable One in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cable One has an average rating of “Hold” and a consensus target price of $705.00.

In other Cable One news, COO Michael E. Bowker sold 1,244 shares of Cable One stock in a transaction 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 sale, the chief operating officer now owns 7,104 shares of the company’s stock, valued at approximately $5,261,151.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin P. Coyle sold 450 shares of Cable One stock in a transaction on Friday, September 8th. The shares were sold at an average price of $740.91, for a total transaction of $333,409.50. Following the sale, the chief financial officer now directly owns 4,440 shares of the company’s stock, valued at approximately $3,289,640.40. The disclosure for this sale can be found here. 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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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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