Assenagon Asset Management S.A. bought a new position in shares of Cable One, Inc. (NYSE:CABO – Get Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 322 shares of the company’s stock, valued at approximately $275,000.
A number of other large investors have also modified their holdings of the business. Capital International Investors grew its holdings in shares of Cable One by 74.9% during the first quarter. Capital International Investors now owns 204,285 shares of the company’s stock worth $300,489,000 after buying an additional 87,503 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Cable One in the second quarter valued at about $68,746,000. Rothschild & Co Wealth Management UK Ltd grew its holdings in shares of Cable One by 1.9% in the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 185,855 shares of the company’s stock valued at $239,627,000 after purchasing an additional 3,464 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Cable One by 4.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 123,947 shares of the company’s stock valued at $159,808,000 after purchasing an additional 4,785 shares during the period. Finally, Parnassus Investments LLC grew its holdings in shares of Cable One by 30.1% in the second quarter. Parnassus Investments LLC now owns 122,122 shares of the company’s stock valued at $157,454,000 after purchasing an additional 28,253 shares during the period. Hedge funds and other institutional investors own 90.08% of the company’s stock.
Wall Street Analyst Weigh In
CABO has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of Cable One in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company dropped their price objective on shares of Cable One from $1,200.00 to $850.00 and set an “equal weight” rating for the company in a report on Friday, November 4th. Finally, KeyCorp dropped their price objective on shares of Cable One from $1,725.00 to $1,300.00 and set an “overweight” rating for the company in a report on Friday, November 4th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,420.00.
Insider Transactions at Cable One
Cable One Trading Down 0.0 %
NYSE CABO opened at $765.17 on Thursday. The firm’s 50-day moving average is $716.87 and its two-hundred day moving average is $965.38. Cable One, Inc. has a 12 month low of $620.57 and a 12 month high of $1,612.99. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $4.44 billion, a P/E ratio of 12.75 and a beta of 0.78.
Cable One (NYSE:CABO – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported $11.53 EPS for the quarter, missing analysts’ consensus estimates of $12.61 by ($1.08). Cable One had a net margin of 21.96% and a return on equity of 20.32%. The company had revenue of $424.72 million during the quarter, compared to analyst estimates of $431.82 million. On average, sell-side analysts anticipate that Cable One, Inc. will post 61.12 earnings per share for the current year.
Cable One Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Tuesday, November 29th were given a dividend of $2.85 per share. The ex-dividend date of this dividend was Monday, November 28th. This represents a $11.40 annualized dividend and a dividend yield of 1.49%. Cable One’s dividend payout ratio is presently 18.99%.
Cable One Profile
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.
- Get a free copy of the StockNews.com research report on Cable One (CABO)
- Procter & Gamble Earnings: A Gamble Worth Taking
- Stocks Slide, Economic Report Paints Gloomy Picture For Economy
- What does Nu Holdings Stock Have To Do With Warren Buffett?
- J.B. Hunt Gets A Flat, Logistic Companies Come Into Focus
- Is Intel Stock On The Verge Of Breaking Out?
Receive News & Ratings for Cable One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cable One and related companies with MarketBeat.com's FREE daily email newsletter.