American International Group Inc. decreased its stake in shares of Cable One Inc (NYSE:CABO) by 2.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 9,908 shares of the company’s stock after selling 220 shares during the period. American International Group Inc.’s holdings in Cable One were worth $9,724,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Loeb Partners Corp purchased a new position in shares of Cable One during the fourth quarter valued at approximately $39,000. Quadrant Capital Group LLC boosted its position in shares of Cable One by 683.3% during the first quarter. Quadrant Capital Group LLC now owns 94 shares of the company’s stock valued at $91,000 after buying an additional 82 shares during the last quarter. Hanseatic Management Services Inc. purchased a new position in shares of Cable One during the fourth quarter valued at approximately $106,000. BNP Paribas Arbitrage SA boosted its position in shares of Cable One by 92.1% during the first quarter. BNP Paribas Arbitrage SA now owns 146 shares of the company’s stock valued at $143,000 after buying an additional 70 shares during the last quarter. Finally, First Hawaiian Bank boosted its position in shares of Cable One by 512.0% during the fourth quarter. First Hawaiian Bank now owns 153 shares of the company’s stock valued at $125,000 after buying an additional 128 shares during the last quarter. 79.33% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on the company. KeyCorp reissued an “overweight” rating and issued a $1,115.00 price objective (up previously from $1,025.00) on shares of Cable One in a research report on Thursday, February 28th. They noted that the move was a valuation call. Raymond James reissued a “hold” rating on shares of Cable One in a research report on Thursday, February 28th. Zacks Investment Research cut Cable One from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. SunTrust Banks reissued a “hold” rating and issued a $905.00 price objective on shares of Cable One in a research report on Thursday, February 28th. They noted that the move was a valuation call. Finally, B. Riley boosted their price objective on Cable One from $990.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $1,098.50.

CABO stock opened at $1,139.38 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.38 and a current ratio of 1.72. Cable One Inc has a 1-year low of $640.40 and a 1-year high of $1,146.32. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 39.60 and a beta of 0.51.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, May 9th. The company reported $6.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $8.10 by ($1.32). Cable One had a return on equity of 22.57% and a net margin of 15.01%. The business had revenue of $278.61 million during the quarter, compared to analysts’ expectations of $279.23 million. During the same period in the prior year, the firm posted $7.08 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, research analysts predict that Cable One Inc will post 31.72 earnings per share for the current year.

The firm also recently disclosed a dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be given a $2.00 dividend. The ex-dividend date of this dividend is Friday, May 24th. Cable One’s dividend payout ratio is currently 27.81%.

In other Cable One news, major shareholder Donald Graham sold 6,900 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $926.14, for a total value of $6,390,366.00. Following the transaction, the insider now owns 18,194 shares of the company’s stock, valued at $16,850,191.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

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Cable One Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.

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

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