Metropolitan Life Insurance Co NY lowered its stake in Cable One Inc (NYSE:CABO) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,602 shares of the company’s stock after selling 11 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Cable One were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in CABO. Advisory Services Network LLC increased its stake in shares of Cable One by 450.0% during the second quarter. Advisory Services Network LLC now owns 22 shares of the company’s stock worth $26,000 after buying an additional 18 shares during the period. Atria Investments LLC purchased a new stake in shares of Cable One in the 2nd quarter valued at approximately $175,000. NEXT Financial Group Inc purchased a new stake in shares of Cable One in the 2nd quarter valued at approximately $180,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Cable One by 7.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 168 shares of the company’s stock valued at $197,000 after purchasing an additional 11 shares in the last quarter. Finally, Covenant Partners LLC acquired a new stake in shares of Cable One in the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 81.90% of the company’s stock.
A number of equities analysts recently commented on the stock. ValuEngine downgraded shares of Cable One from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $1,506.00 target price on the stock in a report on Monday, November 4th. B. Riley raised their price target on Cable One from $1,400.00 to $1,490.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $1,482.00 price target (up from $1,316.00) on shares of Cable One in a report on Wednesday, September 4th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $1,339.60.
Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, November 7th. The company reported $8.68 earnings per share for the quarter, beating analysts’ consensus estimates of $8.25 by $0.43. Cable One had a net margin of 14.92% and a return on equity of 22.55%. The firm had revenue of $284.99 million during the quarter, compared to analysts’ expectations of $285.64 million. During the same period in the previous year, the company earned $6.70 earnings per share. Cable One’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, research analysts expect that Cable One Inc will post 31.4 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Tuesday, November 19th will be given a dividend of $2.25 per share. This represents a $9.00 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Monday, November 18th. Cable One’s dividend payout ratio (DPR) is currently 31.28%.
In related news, Director Katharine Weymouth sold 228 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $1,509.50, for a total transaction of $344,166.00. Following the completion of the sale, the director now directly owns 337 shares of the company’s stock, valued at $508,701.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Julia M. Laulis sold 668 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,279.79, for a total value of $854,899.72. Following the sale, the chief executive officer now directly owns 2,896 shares of the company’s stock, valued at $3,706,271.84. The disclosure for this sale can be found here. Insiders have sold 1,558 shares of company stock worth $2,030,088 in the last quarter. Insiders own 1.10% of the company’s stock.
Cable One Company Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.
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