Cable One, Inc. (NYSE:CABO) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd trimmed its holdings in shares of Cable One, Inc. (NYSE:CABO) by 35.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 929 shares of the company’s stock after selling 510 shares during the period. Point72 Hong Kong Ltd’s holdings in Cable One were worth $329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc lifted its stake in Cable One by 452.4% during the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after acquiring an additional 95 shares during the period. GAMMA Investing LLC lifted its stake in shares of Cable One by 964.3% in the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after purchasing an additional 135 shares during the period. Innealta Capital LLC acquired a new position in shares of Cable One in the 2nd quarter valued at $65,000. EntryPoint Capital LLC lifted its stake in shares of Cable One by 27.7% in the 1st quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock valued at $109,000 after purchasing an additional 56 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Cable One by 142.5% in the 1st quarter. Covestor Ltd now owns 291 shares of the company’s stock valued at $123,000 after purchasing an additional 171 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Cable One Price Performance

Shares of NYSE CABO opened at $344.46 on Friday. The firm has a market cap of $1.94 billion, a PE ratio of 7.89 and a beta of 0.84. The firm has a fifty day moving average of $361.19 and a 200 day moving average of $377.13. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.81 and a current ratio of 1.81. Cable One, Inc. has a one year low of $313.15 and a one year high of $671.62.

Cable One (NYSE:CABO) last issued its quarterly earnings results on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing the consensus estimate of $10.36 by ($2.20). The company had revenue of $394.46 million during the quarter, compared to analysts’ expectations of $400.64 million. Cable One had a return on equity of 11.69% and a net margin of 15.31%. Cable One’s revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.43 EPS. As a group, research analysts predict that Cable One, Inc. will post 30.99 EPS for the current fiscal year.

Cable One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 3.43%. The ex-dividend date was Tuesday, August 27th. Cable One’s payout ratio is presently 27.02%.

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.