Cable One Inc (CABO) Stake Raised by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Cable One Inc (NYSE:CABO) by 147.6% during the 4th quarter, HoldingsChannel reports. The firm owned 2,632 shares of the company’s stock after purchasing an additional 1,569 shares during the quarter. SG Americas Securities LLC’s holdings in Cable One were worth $1,851,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Cable One by 1.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,260 shares of the company’s stock valued at $1,607,000 after purchasing an additional 42 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in Cable One by 7.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 754 shares of the company’s stock worth $536,000 after buying an additional 54 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in Cable One by 8.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 950 shares of the company’s stock worth $675,000 after buying an additional 70 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in Cable One by 0.8% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,421 shares of the company’s stock worth $6,803,000 after buying an additional 73 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Cable One by 13.7% during the 3rd quarter. Pacer Advisors Inc. now owns 622 shares of the company’s stock worth $449,000 after buying an additional 75 shares in the last quarter. Institutional investors own 73.17% of the company’s stock.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Cable One from a “sell” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Co reiterated a “market perform” rating and set a $741.00 price target (up previously from $700.00) on shares of Cable One in a research report on Thursday, January 4th. SunTrust Banks reiterated a “buy” rating and set a $815.00 price target on shares of Cable One in a research report on Friday, November 10th. BidaskClub upgraded shares of Cable One from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Finally, JPMorgan Chase & Co. downgraded shares of Cable One from a “neutral” rating to an “underweight” rating in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $789.50.

In other Cable One news, Director Thomas O. Might sold 2,823 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $726.54, for a total transaction of $2,051,022.42. Following the completion of the sale, the director now directly owns 15,140 shares of the company’s stock, valued at approximately $10,999,815.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Thomas O. Might sold 2,793 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $676.44, for a total value of $1,889,296.92. Following the sale, the chairman now directly owns 37,702 shares of the company’s stock, valued at $25,503,140.88. The disclosure for this sale can be found here. Insiders have sold a total of 11,904 shares of company stock valued at $8,223,705 over the last three months. Company insiders own 1.30% of the company’s stock.

Cable One Inc (CABO) opened at $699.80 on Thursday. The stock has a market cap of $3,993.38, a PE ratio of 34.03, a P/E/G ratio of 9.43 and a beta of 0.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.21. Cable One Inc has a 52-week low of $615.98 and a 52-week high of $788.00.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.20 by $0.28. The firm had revenue of $253.85 million during the quarter, compared to analysts’ expectations of $255.68 million. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.63 EPS. analysts forecast that Cable One Inc will post 22.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $7.00 annualized dividend and a yield of 1.00%. Cable One’s dividend payout ratio is currently 34.18%.

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

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