Verition Fund Management LLC purchased a new stake in shares of Cable One Inc (NYSE:CABO) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 129 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Bainco International Investors bought a new stake in shares of Cable One during the 1st quarter valued at about $26,000. Ellevest Inc. lifted its position in Cable One by 312.5% in the second quarter. Ellevest Inc. now owns 33 shares of the company’s stock valued at $59,000 after purchasing an additional 25 shares during the last quarter. Signaturefd LLC lifted its position in Cable One by 15.4% in the second quarter. Signaturefd LLC now owns 45 shares of the company’s stock valued at $80,000 after purchasing an additional 6 shares during the last quarter. First Quadrant L P CA purchased a new position in shares of Cable One during the second quarter valued at approximately $99,000. Finally, Verus Capital Partners LLC increased its stake in shares of Cable One by 78.6% during the first quarter. Verus Capital Partners LLC now owns 75 shares of the company’s stock valued at $123,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 83.27% of the company’s stock.

In other Cable One news, SVP Eric Michael Lardy sold 1,372 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $1,900.21, for a total transaction of $2,607,088.12. Following the transaction, the senior vice president now directly owns 2,081 shares in the company, valued at approximately $3,954,337.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter N. Witty sold 323 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,924.69, for a total value of $621,674.87. Following the transaction, the insider now owns 2,489 shares in the company, valued at $4,790,553.41. The disclosure for this sale can be found here. Insiders have sold a total of 2,356 shares of company stock valued at $4,436,986 over the last three months. 1.30% of the stock is owned by corporate insiders.

Several research firms have recently issued reports on CABO. B. Riley boosted their target price on Cable One from $1,700.00 to $1,800.00 and gave the company a “neutral” rating in a research note on Thursday, May 28th. Truist Financial boosted their target price on Cable One from $1,850.00 to $2,000.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. Finally, Zacks Investment Research cut Cable One from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $1,849.14.

Cable One stock opened at $1,833.00 on Wednesday. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 1.28. The business’s fifty day simple moving average is $1,842.62 and its two-hundred day simple moving average is $1,742.10. Cable One Inc has a 12 month low of $1,031.39 and a 12 month high of $2,044.41. The company has a market capitalization of $10.83 billion, a price-to-earnings ratio of 45.06 and a beta of 0.42.

Cable One (NYSE:CABO) last released its earnings results on Thursday, August 6th. The company reported $10.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $8.82 by $1.81. Cable One had a return on equity of 24.87% and a net margin of 18.78%. The business had revenue of $328.30 million for the quarter, compared to the consensus estimate of $323.15 million. During the same period in the previous year, the company posted $6.35 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities research analysts predict that Cable One Inc will post 44.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, August 18th were paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 0.55%. This is a positive change from Cable One’s previous quarterly dividend of $2.25. The ex-dividend date of this dividend was Monday, August 17th. Cable One’s dividend payout ratio (DPR) is presently 29.90%.

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.

Further Reading: Return on Investment (ROI) Defined, Explained

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

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