Baader Bank INC Makes New $33.68 Million Investment in Cable One, Inc. (NYSE:CABO)

Baader Bank INC acquired a new position in shares of Cable One, Inc. (NYSE:CABOGet Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,000 shares of the company’s stock, valued at approximately $33,678,000. Cable One comprises approximately 2.7% of Baader Bank INC’s investment portfolio, making the stock its 11th biggest holding. Baader Bank INC owned approximately 0.38% of Cable One as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in shares of Cable One by 12.0% during the first quarter. Signaturefd LLC now owns 84 shares of the company’s stock worth $123,000 after buying an additional 9 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Cable One by 0.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 1,621 shares of the company’s stock worth $2,374,000 after buying an additional 11 shares during the period. Raymond James Trust N.A. boosted its stake in shares of Cable One by 6.3% during the first quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock worth $274,000 after buying an additional 11 shares during the period. Eaton Vance Management boosted its stake in shares of Cable One by 1.0% during the fourth quarter. Eaton Vance Management now owns 1,180 shares of the company’s stock worth $1,755,000 after buying an additional 12 shares during the period. Finally, Commerce Bank boosted its stake in shares of Cable One by 4.7% during the fourth quarter. Commerce Bank now owns 313 shares of the company’s stock worth $552,000 after buying an additional 14 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Cable One Trading Down 2.4 %

Shares of Cable One stock opened at $1,055.01 on Wednesday. Cable One, Inc. has a 12-month low of $1,045.40 and a 12-month high of $1,997.78. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.98. The stock has a market cap of $6.20 billion, a PE ratio of 18.56 and a beta of 0.74. The company has a 50-day moving average of $1,298.22 and a two-hundred day moving average of $1,319.22.

Cable One (NYSE:CABOGet Rating) last issued its earnings results on Thursday, August 4th. The company reported $12.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.41 by ($1.28). Cable One had a net margin of 20.82% and a return on equity of 19.78%. The company had revenue of $429.09 million during the quarter, compared to analysts’ expectations of $431.46 million. On average, research analysts anticipate that Cable One, Inc. will post 63.52 EPS for the current fiscal year.

Cable One Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Tuesday, August 30th will be issued a $2.85 dividend. The ex-dividend date is Monday, August 29th. This is a boost from Cable One’s previous quarterly dividend of $2.75. This represents a $11.40 dividend on an annualized basis and a yield of 1.08%. Cable One’s dividend payout ratio (DPR) is 20.06%.

Insider Buying and Selling at Cable One

In related news, Director Thomas Sinnickson Gayner bought 500 shares of the company’s stock in a transaction on Monday, September 12th. The stock was bought at an average cost of $1,094.74 per share, with a total value of $547,370.00. Following the completion of the acquisition, the director now owns 11,700 shares in the company, valued at approximately $12,808,458. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Cable One news, Director Thomas Sinnickson Gayner acquired 500 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was acquired at an average cost of $1,094.74 per share, with a total value of $547,370.00. Following the purchase, the director now directly owns 11,700 shares in the company, valued at approximately $12,808,458. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP James A. Obermeyer sold 30 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $1,344.66, for a total transaction of $40,339.80. Following the transaction, the senior vice president now directly owns 972 shares of the company’s stock, valued at $1,307,009.52. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,050 shares of company stock valued at $1,197,495. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

CABO has been the subject of several recent research reports. Cowen increased their target price on shares of Cable One to $1,550.00 in a research note on Tuesday, August 9th. Truist Financial raised their price objective on shares of Cable One from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Friday, June 10th. KeyCorp reduced their price objective on shares of Cable One from $1,896.00 to $1,725.00 and set an “overweight” rating for the company in a research report on Friday, August 5th. Finally, Wells Fargo & Company downgraded shares of Cable One from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $1,700.00 to $1,200.00 in a research report on Monday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,645.83.

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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