Thrivent Financial For Lutherans raised its position in Cable One, Inc. (NYSE:CABO) by 8.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 950 shares of the company’s stock after acquiring an additional 70 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Cable One were worth $675,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Cable One by 28.3% in the second quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock worth $116,000 after acquiring an additional 36 shares during the last quarter. US Bancorp DE lifted its stake in Cable One by 16.2% in the first quarter. US Bancorp DE now owns 230 shares of the company’s stock worth $144,000 after acquiring an additional 32 shares during the last quarter. Stonebridge Capital Management Inc. purchased a new position in Cable One in the second quarter worth approximately $213,000. Usca Ria LLC purchased a new position in Cable One in the second quarter worth approximately $213,000. Finally, Envestnet Asset Management Inc. lifted its stake in 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 acquiring an additional 8 shares during the last quarter. Institutional investors own 70.34% of the company’s stock.
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In other Cable One news, major shareholder Donald Graham bought 8,187 shares of Cable One stock in a transaction dated Friday, July 28th. The stock was bought at an average cost of $742.52 per share, for a total transaction of $6,079,011.24. Following the purchase, the insider now owns 279,733 shares in the company, valued at approximately $207,707,347.16. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Julia M. Laulis sold 867 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $736.35, for a total value of $638,415.45. Following the transaction, the chief executive officer now owns 7,642 shares of the company’s stock, valued at $5,627,186.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,561 shares of company stock valued at $1,893,119. Company insiders own 1.30% of the company’s stock.
Cable One (NYSE:CABO) last released its earnings results on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.10 by ($0.13). The business had revenue of $241.00 million for the quarter, compared to analysts’ expectations of $247.02 million. Cable One had a net margin of 12.44% and a return on equity of 22.83%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.62 earnings per share.
CABO has been the subject of several recent analyst reports. Zacks Investment Research upgraded 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 downgraded shares of Cable One from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Raymond James Financial, Inc. boosted their price objective on shares of Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $693.75.
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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