PNC Financial Services Group Inc. Has $740,000 Stake in Cable One Inc (CABO)

PNC Financial Services Group Inc. trimmed its position in Cable One Inc (NYSE:CABO) by 28.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 837 shares of the company’s stock after selling 329 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cable One were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Cable One by 3.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 1,825 shares of the company’s stock worth $1,338,000 after buying an additional 65 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Cable One by 44.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 226 shares of the company’s stock worth $166,000 after buying an additional 70 shares during the last quarter. Arizona State Retirement System raised its stake in Cable One by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 3,260 shares of the company’s stock valued at $2,391,000 after purchasing an additional 84 shares during the last quarter. Texas Permanent School Fund raised its stake in Cable One by 3.0% during the 3rd quarter. Texas Permanent School Fund now owns 3,122 shares of the company’s stock valued at $2,759,000 after purchasing an additional 91 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Cable One by 7.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 1,400 shares of the company’s stock valued at $1,237,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 78.52% of the company’s stock.

Several research firms recently commented on CABO. SunTrust Banks cut shares of Cable One from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Zacks Investment Research cut shares of Cable One from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Moffett Nathanson upgraded shares of Cable One from a “sell” rating to a “neutral” rating in a research note on Tuesday, December 4th. ValuEngine upgraded shares of Cable One from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Finally, Wolfe Research began coverage on shares of Cable One in a research note on Friday, December 7th. They set an “underperform” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Cable One has a consensus rating of “Hold” and an average price target of $845.67.

NYSE:CABO opened at $855.42 on Friday. The firm has a market cap of $4.88 billion, a P/E ratio of 31.44 and a beta of 0.26. Cable One Inc has a one year low of $597.40 and a one year high of $924.31. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.54.

Cable One (NYSE:CABO) last released its earnings results on Wednesday, November 7th. The company reported $6.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $7.84 by ($1.14). The company had revenue of $268.30 million for the quarter, compared to analyst estimates of $267.53 million. Cable One had a net margin of 25.08% and a return on equity of 22.03%. Cable One’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.48 earnings per share. As a group, analysts forecast that Cable One Inc will post 29.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Tuesday, November 20th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Monday, November 19th. Cable One’s dividend payout ratio (DPR) is presently 37.02%.

In other Cable One news, SVP Kenneth E. Johnson purchased 170 shares of the stock in a transaction on Thursday, November 15th. The shares were purchased at an average price of $863.84 per share, with a total value of $146,852.80. Following the acquisition, the senior vice president now directly owns 741 shares of the company’s stock, valued at approximately $640,105.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Deborah J. Kissire purchased 100 shares of the stock in a transaction on Thursday, November 15th. The stock was acquired at an average cost of $863.24 per share, for a total transaction of $86,324.00. Following the acquisition, the director now directly owns 1,219 shares in the company, valued at $1,052,289.56. The disclosure for this purchase can be found here. Insiders acquired a total of 570 shares of company stock worth $495,116 in the last three months. Insiders own 1.10% of the company’s stock.

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Cable One Company Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.

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

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