Robeco Institutional Asset Management B.V. Sells 1,055 Shares of Cable One, Inc. (NYSE:CABO)

Posted by Defense World Staff on Jan 13th, 2023

Robeco Institutional Asset Management B.V. reduced its position in shares of Cable One, Inc. (NYSE:CABO – Get Rating) by 34.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,004 shares of the company’s stock after selling 1,055 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cable One were worth $1,709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CABO. Riverview Trust Co bought a new position in shares of Cable One during the 2nd quarter valued at approximately $32,000. Wipfli Financial Advisors LLC purchased a new stake in Cable One during the 3rd quarter valued at $38,000. 1832 Asset Management L.P. purchased a new stake in Cable One during the 1st quarter valued at $58,000. Homestead Advisers Corp raised its holdings in Cable One by 20.5% during the 2nd quarter. Homestead Advisers Corp now owns 53 shares of the company’s stock valued at $68,000 after buying an additional 9 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Cable One by 175.0% during the 2nd quarter. Fifth Third Bancorp now owns 66 shares of the company’s stock valued at $85,000 after buying an additional 42 shares during the period. 90.08% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Thomas Sinnickson Gayner acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were bought at an average price of $673.75 per share, with a total value of $3,368,750.00. Following the completion of the transaction, the director now directly owns 16,700 shares in the company, valued at $11,251,625. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CABO shares. Wells Fargo & Company decreased their price target on Cable One from $1,200.00 to $850.00 and set an “equal weight” rating on the stock in a report on Friday, November 4th. StockNews.com initiated coverage on Cable One in a report on Wednesday, October 12th. They set a “hold” rating on the stock. KeyCorp reduced their target price on Cable One from $1,725.00 to $1,300.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th. Finally, TheStreet lowered Cable One from a “b-” rating to a “c+” rating in a research note on Tuesday, September 20th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,420.00.

Cable One Stock Performance

Shares of Cable One stock opened at $757.09 on Friday. The firm has a market cap of $4.40 billion, a P/E ratio of 12.61 and a beta of 0.78. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.99. Cable One, Inc. has a 12 month low of $620.57 and a 12 month high of $1,612.99. The stock’s fifty day moving average price is $708.34 and its 200-day moving average price is $981.67.

Cable One (NYSE:CABO – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $11.53 EPS for the quarter, missing the consensus estimate of $12.61 by ($1.08). The firm had revenue of $424.72 million for the quarter, compared to analysts’ expectations of $431.82 million. Cable One had a net margin of 21.96% and a return on equity of 20.32%. On average, equities research analysts expect that Cable One, Inc. will post 61.12 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Tuesday, November 29th were paid a dividend of $2.85 per share. The ex-dividend date was Monday, November 28th. This represents a $11.40 annualized dividend and a dividend yield of 1.51%. Cable One’s dividend payout ratio is currently 18.99%.

Cable One Company Profile

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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.