Envestnet Asset Management Inc. Has $7.95 Million Stock Holdings in Cable One, Inc. (NYSE:CABO)

Envestnet Asset Management Inc. boosted its holdings in shares of Cable One, Inc. (NYSE:CABO) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,450 shares of the company’s stock after buying an additional 476 shares during the period. Envestnet Asset Management Inc. owned approximately 0.40% of Cable One worth $7,947,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after buying an additional 95 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Cable One by 964.3% in the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after buying an additional 135 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Cable One in the second quarter worth about $65,000. EntryPoint Capital LLC raised its stake in Cable One by 27.7% in the first quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock valued at $109,000 after purchasing an additional 56 shares in the last quarter. Finally, Covestor Ltd raised its stake in Cable One by 142.5% in the first quarter. Covestor Ltd now owns 291 shares of the company’s stock valued at $123,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

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

Cable One Stock Performance

NYSE:CABO opened at $353.56 on Friday. The stock has a market cap of $1.99 billion, a P/E ratio of 8.10 and a beta of 0.84. The firm’s fifty day simple moving average is $361.11 and its 200 day simple moving average is $375.71. Cable One, Inc. has a twelve month low of $313.15 and a twelve month high of $671.62. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.79.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, August 1st. The company reported $8.16 earnings per share (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 for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.43 EPS. As a group, research analysts predict that Cable One, Inc. will post 30.99 EPS for the current year.

Cable One Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were given a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date was Tuesday, August 27th. Cable One’s dividend payout ratio (DPR) is 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.