Vanguard Group Inc. raised its stake in shares of Cable One, Inc. (NYSE:CABO) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 382,886 shares of the company’s stock after buying an additional 7,843 shares during the quarter. Vanguard Group Inc. owned about 6.69% of Cable One worth $272,194,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in CABO. US Bancorp DE grew its holdings in Cable One by 16.2% during the 1st quarter. US Bancorp DE now owns 230 shares of the company’s stock valued at $144,000 after buying an additional 32 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Cable One by 8.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 2,963 shares of the company’s stock valued at $1,850,000 after buying an additional 220 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Cable One by 9.9% during the 1st quarter. Ameriprise Financial Inc. now owns 17,993 shares of the company’s stock valued at $11,236,000 after buying an additional 1,618 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Cable One by 2.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock valued at $192,000 after buying an additional 8 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Cable One during the 1st quarter valued at $115,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.
Shares of Cable One, Inc. (NYSE:CABO) opened at 758.31 on Thursday. The firm has a market cap of $4.34 billion, a PE ratio of 40.72 and a beta of 0.27. The stock’s 50 day moving average price is $732.13 and its 200 day moving average price is $732.13. Cable One, Inc. has a 12-month low of $559.83 and a 12-month high of $759.80.
Cable One (NYSE:CABO) last announced its earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.10 by ($0.13). Cable One had a net margin of 12.44% and a return on equity of 22.83%. The firm had revenue of $241.00 million for the quarter, compared to analyst estimates of $247.02 million. During the same period last year, the firm earned $4.62 earnings per share. Cable One’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities research analysts predict that Cable One, Inc. will post $20.60 EPS for the current fiscal year.
In other Cable One news, CEO Julia M. Laulis sold 867 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $736.35, for a total transaction of $638,415.45. Following the sale, the chief executive officer now directly owns 7,642 shares of the company’s stock, valued at approximately $5,627,186.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Donald Graham bought 24,561 shares of the business’s stock in a transaction on Monday, July 24th. The shares were purchased at an average cost of $742.52 per share, for a total transaction of $18,237,033.72. Following the completion of the purchase, the insider now owns 271,546 shares in the company, valued at $201,628,335.92. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 2,561 shares of company stock worth $1,893,119. Company insiders own 1.30% of the company’s stock.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $837.00 target price on the stock in a report on Thursday, August 10th. BidaskClub cut Cable One from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Finally, Raymond James Financial, Inc. increased their target price on Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $693.75.
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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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