Corient Private Wealth LLC Purchases 337 Shares of Cable One, Inc. (NYSE:CABO)

Corient Private Wealth LLC increased its holdings in Cable One, Inc. (NYSE:CABOFree Report) by 36.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,265 shares of the company’s stock after purchasing an additional 337 shares during the period. Corient Private Wealth LLC’s holdings in Cable One were worth $704,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CABO. Massachusetts Financial Services Co. MA boosted its holdings in shares of Cable One by 11.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock worth $149,447,000 after purchasing an additional 27,635 shares during the period. Burgundy Asset Management Ltd. increased its position in Cable One by 24.8% during the third quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company’s stock valued at $95,484,000 after acquiring an additional 30,831 shares during the last quarter. River Road Asset Management LLC raised 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 valued at $68,575,000 after acquiring an additional 18,896 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Cable One by 16.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company’s stock worth $61,435,000 after acquiring an additional 15,907 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in shares of Cable One by 4.8% during the 4th quarter. Brown Advisory Inc. now owns 89,658 shares of the company’s stock worth $49,903,000 after purchasing an additional 4,124 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Cable One

In related news, Director Wallace R. Weitz purchased 1,000 shares of Cable One stock in a transaction dated Tuesday, May 21st. The stock was purchased at an average cost of $369.98 per share, with a total value of $369,980.00. Following the transaction, the director now owns 4,565 shares in the company, valued at approximately $1,688,958.70. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Cable One Stock Performance

CABO stock opened at $387.68 on Wednesday. Cable One, Inc. has a 1-year low of $332.94 and a 1-year high of $749.00. The business has a 50-day moving average price of $392.25 and a 200 day moving average price of $470.18. The company has a market capitalization of $2.18 billion, a P/E ratio of 8.88 and a beta of 0.85. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.86 and a quick ratio of 1.86.

Cable One (NYSE:CABOGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $8.11 EPS for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). Cable One had a net margin of 15.50% and a return on equity of 12.76%. The business had revenue of $404.30 million for the quarter, compared to analysts’ expectations of $408.79 million. During the same period last year, the business posted $9.62 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, equities research analysts forecast that Cable One, Inc. will post 32.41 EPS for the current fiscal year.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $2.95 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $11.80 dividend on an annualized basis and a yield of 3.04%. Cable One’s dividend payout ratio is currently 27.02%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CABO shares. Wells Fargo & Company decreased their price objective on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd. KeyCorp dropped their price objective on Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. TD Cowen reduced their target price on Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. 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 note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $590.83.

Read Our Latest Report on CABO

Cable One Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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