Cable One, Inc. (CABO) Holdings Lifted by Rhumbline Advisers
Rhumbline Advisers grew its holdings in shares of Cable One, Inc. (NYSE:CABO) by 12.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,661 shares of the company’s stock after acquiring an additional 1,151 shares during the quarter. Rhumbline Advisers owned about 0.19% of Cable One worth $7,699,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. BB&T Corp lifted its position in Cable One by 23.8% in the 3rd quarter. BB&T Corp now owns 15,452 shares of the company’s stock worth $11,158,000 after buying an additional 2,970 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Cable One by 13.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 72,838 shares of the company’s stock worth $51,780,000 after buying an additional 8,521 shares during the last quarter. Prudential Financial Inc. lifted its position in Cable One by 20.7% in the 2nd quarter. Prudential Financial Inc. now owns 13,134 shares of the company’s stock worth $9,337,000 after buying an additional 2,249 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Cable One in the 2nd quarter worth approximately $1,905,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Cable One by 16.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,314 shares of the company’s stock worth $13,020,000 after buying an additional 2,523 shares during the last quarter. Hedge funds and other institutional investors own 73.14% of the company’s stock.
Shares of Cable One, Inc. (NYSE:CABO) opened at $683.37 on Wednesday. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.34 and a quick ratio of 1.34. Cable One, Inc. has a 12-month low of $564.26 and a 12-month high of $788.00. The firm has a market capitalization of $3,810.84, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 10.01 and a beta of 0.24.
The business 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 $1.75 dividend. The ex-dividend date is Monday, November 20th. This represents a $7.00 annualized dividend and a yield of 1.02%. Cable One’s payout ratio is currently 34.18%.
In other news, COO Michael E. Bowker sold 1,244 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total transaction of $921,293.96. Following the transaction, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at $5,261,151.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin P. Coyle sold 450 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $740.91, for a total value of $333,409.50. Following the transaction, the chief financial officer now directly owns 4,440 shares in the company, valued at $3,289,640.40. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
A number of research firms recently weighed in on CABO. BidaskClub upgraded Cable One from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. J P Morgan Chase & Co downgraded Cable One from a “neutral” rating to an “underweight” rating in a research report on Monday, November 13th. SunTrust Banks restated a “buy” rating and issued a $815.00 target price on shares of Cable One in a research report on Friday, November 10th. Wells Fargo & Company restated a “market perform” rating and issued a $700.00 target price (down previously from $761.00) on shares of Cable One in a research report on Monday, November 13th. Finally, Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $837.00 target price for the company in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $705.00.
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Cable One Company 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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