Arizona State Retirement System Sells 36 Shares of Cable One, Inc. (NYSE:CABO)

Arizona State Retirement System lowered its holdings in shares of Cable One, Inc. (NYSE:CABO) by 2.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,258 shares of the company’s stock after selling 36 shares during the period. Arizona State Retirement System’s holdings in Cable One were worth $700,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CABO. Capital International Investors raised its position in Cable One by 74.9% during the 1st quarter. Capital International Investors now owns 204,285 shares of the company’s stock worth $300,489,000 after purchasing an additional 87,503 shares during the last quarter. Norges Bank bought a new position in shares of Cable One during the fourth quarter worth about $33,659,000. Burgundy Asset Management Ltd. raised its position in shares of Cable One by 24.8% during the third quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company’s stock worth $95,484,000 after acquiring an additional 30,831 shares during the last quarter. River Road Asset Management LLC lifted its stake in shares of Cable One by 20.4% in the third quarter. River Road Asset Management LLC now owns 111,388 shares of the company’s stock worth $68,575,000 after acquiring an additional 18,896 shares during the period. Finally, London Co. of Virginia boosted its holdings in Cable One by 33.4% in the third quarter. London Co. of Virginia now owns 69,619 shares of the company’s stock valued at $42,860,000 after acquiring an additional 17,420 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Stock Performance

NYSE:CABO opened at $398.49 on Friday. Cable One, Inc. has a twelve month low of $373.37 and a twelve month high of $768.75. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $2.24 billion, a P/E ratio of 8.82 and a beta of 0.80. The company has a fifty day moving average of $439.41 and a 200-day moving average of $518.60.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, February 22nd. The company reported $10.66 EPS for the quarter, missing the consensus estimate of $12.86 by ($2.20). Cable One had a net margin of 15.94% and a return on equity of 13.65%. The firm had revenue of $411.82 million during the quarter, compared to analyst estimates of $417.66 million. As a group, sell-side analysts anticipate that Cable One, Inc. will post 43.36 EPS for the current year.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were given a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Friday, February 16th. Cable One’s payout ratio is 26.12%.

Insider Buying and Selling

In other Cable One news, insider Christopher D. Boone sold 204 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total transaction of $93,840.00. Following the transaction, the insider now owns 1,854 shares in the company, valued at $852,840. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

CABO has been the subject of several analyst reports. Wells Fargo & Company lowered their price target on shares of Cable One from $460.00 to $400.00 and set an “underweight” rating for the company in a report on Friday, April 5th. KeyCorp lowered their target price on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Finally, Moffett Nathanson raised shares of Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price target on the stock in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Cable One presently has an average rating of “Hold” and a consensus price target of $627.80.

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.