Cable One, Inc. (NYSE:CABO) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in Cable One, Inc. (NYSE:CABO) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,903 shares of the company’s stock after buying an additional 916 shares during the quarter. Envestnet Asset Management Inc. owned about 0.23% of Cable One worth $9,058,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CABO. Clearstead Advisors LLC acquired a new stake in shares of Cable One during the 1st quarter worth approximately $33,000. First Horizon Advisors Inc. grew its stake in shares of Cable One by 41.2% during the 4th quarter. First Horizon Advisors Inc. now owns 72 shares of the company’s stock worth $51,000 after purchasing an additional 21 shares during the period. 1832 Asset Management L.P. acquired a new stake in shares of Cable One during the 1st quarter worth approximately $58,000. Meeder Asset Management Inc. grew its stake in shares of Cable One by 8,850.0% during the 4th quarter. Meeder Asset Management Inc. now owns 179 shares of the company’s stock worth $127,000 after purchasing an additional 177 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Cable One during the 1st quarter worth approximately $140,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Cable One Trading Down 0.6 %

Shares of CABO stock opened at $622.53 on Thursday. The stock’s fifty day moving average is $670.00 and its two-hundred day moving average is $673.11. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $3.50 billion, a P/E ratio of 36.34 and a beta of 0.86. Cable One, Inc. has a fifty-two week low of $602.70 and a fifty-two week high of $1,107.33.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $10.43 earnings per share for the quarter, missing analysts’ consensus estimates of $13.27 by ($2.84). The firm had revenue of $424.02 million during the quarter, compared to analysts’ expectations of $422.41 million. Cable One had a net margin of 6.25% and a return on equity of 13.47%. Research analysts expect that Cable One, Inc. will post 49.24 earnings per share for the current fiscal year.

Cable One Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 29th will be issued a $2.95 dividend. The ex-dividend date is Monday, August 28th. This represents a $11.80 dividend on an annualized basis and a yield of 1.90%. This is a positive change from Cable One’s previous quarterly dividend of $2.85. Cable One’s dividend payout ratio (DPR) is presently 68.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. KeyCorp dropped their price objective on shares of Cable One from $1,275.00 to $1,175.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. StockNews.com assumed coverage on Cable One in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Raymond James decreased their target price on Cable One from $900.00 to $825.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Cable One currently has a consensus rating of “Hold” and a consensus price target of $881.00.

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 various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.