Bank of Montreal Can decreased its stake in Cable One Inc (NYSE:CABO) by 5.7% during the third quarter, Holdings Channel reports. The institutional investor owned 1,216 shares of the company’s stock after selling 74 shares during the quarter. Bank of Montreal Can’s holdings in Cable One were worth $1,074,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of CABO. FMR LLC boosted its stake in shares of Cable One by 6,904.6% in the second quarter. FMR LLC now owns 35,093 shares of the company’s stock worth $25,733,000 after buying an additional 34,592 shares during the last quarter. American Century Companies Inc. purchased a new position in Cable One during the second quarter worth approximately $14,683,000. Canada Pension Plan Investment Board purchased a new position in Cable One during the second quarter worth approximately $9,826,000. Hutchinson Capital Management CA purchased a new position in Cable One during the second quarter worth approximately $8,708,000. Finally, Engineers Gate Manager LP purchased a new position in Cable One during the second quarter worth approximately $4,679,000. Hedge funds and other institutional investors own 78.49% of the company’s stock.

In other Cable One news, Director Katharine Weymouth sold 254 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $834.30, for a total transaction of $211,912.20. Following the completion of the transaction, the director now owns 255 shares of the company’s stock, valued at $212,746.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

A number of equities analysts have issued reports on CABO shares. SunTrust Banks downgraded Cable One from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Zacks Investment Research downgraded Cable One from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 15th. ValuEngine downgraded Cable One from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Raymond James downgraded Cable One from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 19th. Finally, B. Riley set a $860.00 price target on Cable One and gave the stock a “buy” rating in a research report on Monday, August 13th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $845.67.

Shares of CABO stock opened at $872.26 on Wednesday. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 40.36 and a beta of 0.26. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 1.54. Cable One Inc has a 12-month low of $597.40 and a 12-month high of $924.31.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $6.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.14). Cable One had a return on equity of 22.03% and a net margin of 25.08%. The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $267.53 million. During the same quarter in the prior year, the company posted $5.48 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts predict that Cable One Inc will post 29.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.92%. Cable One’s payout ratio is currently 37.02%.

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Cable One Company Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.

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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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