Arizona State Retirement System Purchases 35 Shares of Cable One, Inc. (NYSE:CABO)

Arizona State Retirement System grew its position in Cable One, Inc. (NYSE:CABOGet Rating) by 2.4% during the first quarter, HoldingsChannel reports. The firm owned 1,515 shares of the company’s stock after buying an additional 35 shares during the period. Arizona State Retirement System’s holdings in Cable One were worth $2,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CABO. National Bank of Canada FI bought a new position in Cable One during the fourth quarter worth $33,000. Van ECK Associates Corp boosted its stake in Cable One by 16.1% during the fourth quarter. Van ECK Associates Corp now owns 130 shares of the company’s stock worth $229,000 after acquiring an additional 18 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in Cable One by 2.6% during the fourth quarter. NN Investment Partners Holdings N.V. now owns 1,713 shares of the company’s stock worth $3,021,000 after acquiring an additional 43 shares in the last quarter. Brown Advisory Inc. boosted its stake in Cable One by 1.2% during the fourth quarter. Brown Advisory Inc. now owns 1,789 shares of the company’s stock worth $3,154,000 after acquiring an additional 22 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in Cable One by 57.6% during the fourth quarter. Bessemer Group Inc. now owns 197 shares of the company’s stock worth $347,000 after acquiring an additional 72 shares in the last quarter. 89.51% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Thomas Sinnickson Gayner bought 50 shares of the stock in a transaction dated Wednesday, May 25th. The stock was bought at an average price of $1,257.97 per share, for a total transaction of $62,898.50. Following the completion of the acquisition, the director now directly owns 7,469 shares in the company, valued at approximately $9,395,777.93. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Thomas Sinnickson Gayner acquired 50 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The stock was acquired at an average price of $1,257.97 per share, for a total transaction of $62,898.50. Following the completion of the acquisition, the director now owns 7,469 shares of the company’s stock, valued at approximately $9,395,777.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher D. Boone sold 131 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $1,280.00, for a total transaction of $167,680.00. Following the sale, the insider now owns 1,047 shares of the company’s stock, valued at approximately $1,340,160. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Cable One Stock Down 0.6 %

Cable One stock opened at $1,376.68 on Friday. Cable One, Inc. has a 1-year low of $1,049.81 and a 1-year high of $2,136.14. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 22.06 and a beta of 0.70. The firm’s fifty day moving average price is $1,303.78 and its two-hundred day moving average price is $1,378.45. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.96.

Cable One (NYSE:CABOGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $26.85 EPS for the quarter, beating the consensus estimate of $12.03 by $14.82. The company had revenue of $426.70 million during the quarter, compared to the consensus estimate of $427.97 million. Cable One had a net margin of 23.34% and a return on equity of 22.11%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.19 earnings per share. On average, equities research analysts predict that Cable One, Inc. will post 67.72 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Tuesday, May 31st were issued a $2.75 dividend. The ex-dividend date was Friday, May 27th. This represents a $11.00 annualized dividend and a dividend yield of 0.80%. Cable One’s dividend payout ratio is currently 17.63%.

Wall Street Analysts Forecast Growth

CABO has been the topic of several research analyst reports. Truist Financial increased their target price on shares of Cable One from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. Wells Fargo & Company dropped their price objective on shares of Cable One from $2,100.00 to $1,800.00 in a research note on Friday, May 6th. Finally, KeyCorp dropped their price objective on shares of Cable One from $2,326.00 to $1,896.00 in a research note on Friday, May 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Cable One currently has an average rating of “Moderate Buy” and an average price target of $1,866.00.

Cable One Company Profile

(Get Rating)

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service 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, as well as digital video services, including national and regional cable networks, music channels, and an interactive and electronic programming guide with parental controls.

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

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