Nuveen Asset Management LLC decreased its stake in Cable One, Inc. (NYSE:CABO) by 22.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,401 shares of the company’s stock after selling 417 shares during the period. Nuveen Asset Management LLC’s holdings in Cable One were worth $875,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in shares of Cable One by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock worth $192,000 after buying an additional 8 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in shares of Cable One by 0.4% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 2,116 shares of the company’s stock worth $1,322,000 after buying an additional 8 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Cable One by 3.1% in the first quarter. Capstone Asset Management Co. now owns 573 shares of the company’s stock worth $358,000 after buying an additional 17 shares during the last quarter. FMR LLC boosted its position in Cable One by 0.5% in the fourth quarter. FMR LLC now owns 4,098 shares of the company’s stock worth $2,548,000 after buying an additional 20 shares during the period. Finally, Timber Hill LLC boosted its position in Cable One by 6.4% in the first quarter. Timber Hill LLC now owns 351 shares of the company’s stock worth $219,000 after buying an additional 21 shares during the period. Institutional investors own 75.66% of the company’s stock.
Shares of Cable One, Inc. (NYSE CABO) traded up 1.07% on Friday, reaching $740.00. The company’s stock had a trading volume of 29,101 shares. The stock has a market cap of $4.24 billion, a P/E ratio of 39.74 and a beta of 0.30. Cable One, Inc. has a 12 month low of $527.75 and a 12 month high of $788.00. The firm’s 50-day moving average price is $740.27 and its 200-day moving average price is $684.01.
Cable One (NYSE:CABO) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the consensus estimate of $5.10 by $0.13. Cable One had a return on equity of 22.83% and a net margin of 12.44%. The business had revenue of $241 million during the quarter, compared to analysts’ expectations of $247.02 million. During the same quarter in the previous year, the company posted $4.62 earnings per share. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, analysts forecast that Cable One, Inc. will post $20.60 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 0.95%. This is an increase from Cable One’s previous quarterly dividend of $1.50. The ex-dividend date is Friday, August 11th. Cable One’s dividend payout ratio is presently 37.57%.
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A number of research firms have commented on CABO. Zacks Investment Research raised shares of Cable One from a “hold” rating to a “buy” rating and set a $837.00 price objective for the company in a research report on Thursday, August 10th. BidaskClub cut shares of Cable One from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Raymond James Financial, Inc. boosted their target price on shares of Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Finally, TheStreet raised shares of Cable One from a “c” rating to a “b-” rating in a research report on Monday, June 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $693.75.
In other Cable One news, major shareholder Donald Graham sold 4,100 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $716.05, for a total transaction of $2,935,805.00. Following the transaction, the insider now directly owns 246,985 shares in the company, valued at approximately $176,853,609.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Eric Michael Lardy sold 322 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $725.00, for a total value of $233,450.00. Following the transaction, the senior vice president now owns 2,542 shares in the company, valued at $1,842,950. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,889 shares of company stock worth $7,122,222. Company 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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