iA Global Asset Management Inc. Takes Position in Cable One, Inc. (NYSE:CABO)

iA Global Asset Management Inc. acquired a new stake in Cable One, Inc. (NYSE:CABO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 363 shares of the company’s stock, valued at approximately $129,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after buying an additional 48,513 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Cable One by 11.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock worth $149,447,000 after buying an additional 27,635 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Cable One by 26.2% during the first quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company’s stock worth $86,353,000 after buying an additional 42,376 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Cable One by 1,906.2% during the first quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock worth $67,911,000 after buying an additional 152,496 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Cable One by 16.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company’s stock worth $61,435,000 after buying an additional 15,907 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Cable One Trading Down 2.5 %

Shares of NYSE:CABO opened at $352.72 on Friday. The firm has a fifty day moving average of $363.60 and a two-hundred day moving average of $392.52. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.86. Cable One, Inc. has a 12-month low of $318.68 and a 12-month high of $671.62. The firm has a market capitalization of $1.98 billion, a P/E ratio of 8.08 and a beta of 0.83.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.84%. The firm had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. During the same period in the previous year, the business posted $10.43 EPS. Cable One’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities analysts expect that Cable One, Inc. will post 32.21 EPS for the current fiscal year.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be paid a $2.95 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $11.80 annualized dividend and a dividend yield of 3.35%. Cable One’s payout ratio is 27.02%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their target price on shares of Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cable One has a consensus rating of “Hold” and an average target price of $533.33.

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.