Federated Hermes Inc. Purchases 138 Shares of Cable One, Inc. (NYSE:CABO)

Federated Hermes Inc. lifted its position in Cable One, Inc. (NYSE:CABO) by 3.2% during the 4th quarter, HoldingsChannel reports. The firm owned 4,492 shares of the company’s stock after acquiring an additional 138 shares during the quarter. Federated Hermes Inc.’s holdings in Cable One were worth $2,500,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Rothschild & Co Wealth Management UK Ltd increased its holdings in shares of Cable One by 1.7% in the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 279,010 shares of the company’s stock worth $171,770,000 after purchasing an additional 4,689 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Cable One by 4.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 240,869 shares of the company’s stock worth $148,289,000 after acquiring an additional 10,521 shares in the last quarter. Burgundy Asset Management Ltd. grew its position in Cable One by 24.8% in 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 in the last quarter. River Road Asset Management LLC grew its position in 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 in the last quarter. Finally, Brown Advisory Inc. grew its position in Cable One by 2.9% in the third quarter. Brown Advisory Inc. now owns 85,534 shares of the company’s stock worth $52,658,000 after acquiring an additional 2,374 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on CABO shares. Wells Fargo & Company dropped their price target on Cable One from $460.00 to $400.00 and set an “underweight” rating for the company in a research report on Friday, April 5th. KeyCorp dropped their price target on Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Finally, Moffett Nathanson upgraded Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price target for the company in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $627.80.

Insider Activity

In other news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction that occurred 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 completion of the sale, the insider now owns 1,854 shares of the company’s stock, valued at $852,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Cable One Stock Up 0.5 %

Shares of NYSE:CABO opened at $389.24 on Friday. Cable One, Inc. has a 1 year low of $373.37 and a 1 year high of $768.75. The business has a 50 day simple moving average of $427.92 and a two-hundred day simple moving average of $509.65. The firm has a market capitalization of $2.19 billion, a PE ratio of 8.62 and a beta of 0.80. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.69 and a quick ratio of 1.69.

Cable One (NYSE:CABO) last announced its earnings results on Thursday, February 22nd. The company reported $10.66 earnings per share (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 business had revenue of $411.82 million for the quarter, compared to analysts’ expectations of $417.66 million. On average, equities analysts predict that Cable One, Inc. will post 43.36 EPS for the current year.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, February 16th. Cable One’s dividend payout ratio is presently 26.12%.

About Cable One

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.