Cerity Partners LLC bought a new stake in Cable One, Inc. (NYSE:CABO – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 651 shares of the company’s stock, valued at approximately $362,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC grew its stake in Cable One by 8.8% in the fourth quarter. DAVENPORT & Co LLC now owns 29,789 shares of the company’s stock valued at $16,680,000 after purchasing an additional 2,403 shares during the last quarter. Pacer Advisors Inc. grew its stake in Cable One by 72.1% in the fourth quarter. Pacer Advisors Inc. now owns 673 shares of the company’s stock valued at $375,000 after purchasing an additional 282 shares during the last quarter. Raymond James & Associates grew its stake in shares of Cable One by 14.6% during the fourth quarter. Raymond James & Associates now owns 50,178 shares of the company’s stock worth $27,929,000 after acquiring an additional 6,380 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Cable One by 87.7% during the fourth quarter. Raymond James Trust N.A. now owns 1,006 shares of the company’s stock worth $560,000 after acquiring an additional 470 shares during the last quarter. Finally, Speece Thorson Capital Group Inc. grew its stake in shares of Cable One by 107.8% during the third quarter. Speece Thorson Capital Group Inc. now owns 13,876 shares of the company’s stock worth $8,543,000 after acquiring an additional 7,197 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Insider Buying and Selling
In other Cable One news, insider Christopher D. Boone sold 204 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the completion of the transaction, the insider now directly owns 1,854 shares of the company’s stock, valued at $852,840. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Report on CABO
Cable One Trading Up 0.3 %
Cable One stock opened at $388.54 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94. Cable One, Inc. has a 52 week low of $373.37 and a 52 week high of $768.75. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 8.60 and a beta of 0.80. The stock has a 50-day moving average price of $429.81 and a 200 day moving average price of $511.34.
Cable One (NYSE:CABO – Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported $10.66 EPS for the quarter, missing analysts’ consensus estimates of $12.86 by ($2.20). Cable One had a return on equity of 13.65% and a net margin of 15.94%. The firm had revenue of $411.82 million for the quarter, compared to analyst estimates of $417.66 million. 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. Investors of record on Tuesday, February 20th were issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Friday, February 16th. Cable One’s dividend payout ratio (DPR) is 26.12%.
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.
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