Campbell & CO Investment Adviser LLC Invests $561,000 in Cable One, Inc. (NYSE:CABO)

Campbell & CO Investment Adviser LLC acquired a new position in Cable One, Inc. (NYSE:CABOFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,008 shares of the company’s stock, valued at approximately $561,000.

A number of other large investors also recently modified their holdings of CABO. Massachusetts Financial Services Co. MA grew its holdings in shares of Cable One by 11.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock valued at $149,447,000 after purchasing an additional 27,635 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in Cable One by 24.8% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company’s stock valued at $95,484,000 after purchasing an additional 30,831 shares during the period. River Road Asset Management LLC grew its position in Cable One by 20.4% in the 3rd quarter. River Road Asset Management LLC now owns 111,388 shares of the company’s stock worth $68,575,000 after purchasing an additional 18,896 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cable One by 16.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company’s stock valued at $61,435,000 after purchasing an additional 15,907 shares during the period. Finally, Brown Advisory Inc. increased its position in Cable One by 4.8% in the 4th quarter. Brown Advisory Inc. now owns 89,658 shares of the company’s stock valued at $49,903,000 after acquiring an additional 4,124 shares during the period. 89.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. KeyCorp cut their target price 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. TD Cowen reduced their price objective on shares of Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. Wells Fargo & Company dropped their target price on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a report on Friday, May 3rd. Finally, Moffett Nathanson raised Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price objective for the company in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Cable One presently has an average rating of “Hold” and an average price target of $590.83.

Read Our Latest Research Report on CABO

Insider Activity

In other news, Director Wallace R. Weitz acquired 1,000 shares of Cable One stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average price of $369.98 per share, with a total value of $369,980.00. Following the completion of the transaction, the director now owns 4,565 shares in the company, valued at $1,688,958.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.

Cable One Stock Performance

Shares of Cable One stock opened at $374.72 on Friday. Cable One, Inc. has a 12 month low of $332.94 and a 12 month high of $749.00. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.86. The stock has a market cap of $2.11 billion, a PE ratio of 8.58 and a beta of 0.85. The business has a fifty day simple moving average of $388.80 and a 200-day simple moving average of $466.51.

Cable One (NYSE:CABOGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share for the quarter, missing the consensus estimate of $10.78 by ($2.67). The business had revenue of $404.30 million for the quarter, compared to analysts’ expectations of $408.79 million. Cable One had a net margin of 15.50% and a return on equity of 12.76%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $9.62 EPS. On average, sell-side analysts anticipate 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 paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, May 24th. Cable One’s dividend payout ratio (DPR) is currently 27.02%.

Cable One 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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