Pacer Advisors Inc. grew its position in Cable One, Inc. (NYSE:CABO) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 622 shares of the company’s stock after purchasing an additional 75 shares during the quarter. Pacer Advisors Inc.’s holdings in Cable One were worth $449,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL raised its position in shares of Cable One by 0.3% in the second quarter. Blair William & Co. IL now owns 1,036 shares of the company’s stock valued at $736,000 after purchasing an additional 3 shares during the period. World Asset Management Inc raised its position in shares of Cable One by 4.3% in the second quarter. World Asset Management Inc now owns 338 shares of the company’s stock valued at $240,000 after purchasing an additional 14 shares during the period. Sei Investments Co. raised its position in shares of Cable One by 3.1% in the second quarter. Sei Investments Co. now owns 638 shares of the company’s stock valued at $453,000 after purchasing an additional 19 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Cable One by 3.7% in the second quarter. Janney Montgomery Scott LLC now owns 594 shares of the company’s stock worth $422,000 after acquiring an additional 21 shares during the last quarter. Finally, Texas Permanent School Fund grew its stake in shares of Cable One by 0.8% in the second quarter. Texas Permanent School Fund now owns 3,424 shares of the company’s stock worth $2,434,000 after acquiring an additional 28 shares during the last quarter. 73.14% of the stock is currently owned by institutional investors.
In other Cable One news, COO Michael E. Bowker sold 1,244 shares of Cable One stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $740.59, for a total transaction of $921,293.96. Following the sale, the chief operating officer now owns 7,104 shares in the company, valued at $5,261,151.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin P. Coyle sold 450 shares of Cable One stock in a transaction on Friday, September 8th. The stock was sold at an average price of $740.91, for a total transaction of $333,409.50. Following the sale, the chief financial officer now owns 4,440 shares in the company, valued at approximately $3,289,640.40. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Cable One (NYSE:CABO) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.20 by $0.28. The business had revenue of $253.85 million for the quarter, compared to the consensus estimate of $255.68 million. Cable One had a net margin of 12.95% and a return on equity of 23.97%. Cable One’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the company posted $3.63 earnings per share. research analysts expect that Cable One, Inc. will post 22.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Tuesday, November 21st will be paid a dividend of $1.75 per share. The ex-dividend date is Monday, November 20th. This represents a $7.00 dividend on an annualized basis and a yield of 1.01%. Cable One’s dividend payout ratio is currently 34.18%.
Several equities research analysts have recently issued reports on CABO shares. BidaskClub upgraded shares of Cable One from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “strong-buy” rating and set a $787.00 price objective on the stock in a research note on Monday, November 13th. J P Morgan Chase & Co downgraded shares of Cable One from a “neutral” rating to an “underweight” rating in a research note on Monday, November 13th. Raymond James Financial raised their price objective on shares of Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $700.00 price objective (down previously from $761.00) on shares of Cable One in a research note on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price 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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