Bfsg LLC Boosts Position in Cable One, Inc. (NYSE:CABO)

Bfsg LLC grew its holdings in Cable One, Inc. (NYSE:CABO) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 971 shares of the company’s stock after acquiring an additional 33 shares during the period. Bfsg LLC’s holdings in Cable One were worth $340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Canada Pension Plan Investment Board grew its position in Cable One by 1,906.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock worth $67,911,000 after purchasing an additional 152,496 shares during the period. Burgundy Asset Management Ltd. raised its position in Cable One by 42.4% during the second quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock valued at $102,894,000 after acquiring an additional 86,581 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Cable One by 4,228.5% in the second quarter. AQR Capital Management LLC now owns 61,465 shares of the company’s stock valued at $21,436,000 after acquiring an additional 60,045 shares during the period. Private Management Group Inc. boosted its position in Cable One by 648.3% in the 1st quarter. Private Management Group Inc. now owns 66,559 shares of the company’s stock worth $28,163,000 after purchasing an additional 57,664 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after purchasing an additional 48,513 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price target 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, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Cable One has an average rating of “Hold” and an average target price of $533.33.

Cable One Trading Up 2.2 %

Shares of NYSE:CABO opened at $358.39 on Friday. The business’s 50 day moving average price is $349.23 and its 200-day moving average price is $367.13. Cable One, Inc. has a 1 year low of $311.28 and a 1 year high of $647.00. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 8.21 and a beta of 0.84. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.81 and a quick ratio of 1.81.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a return on equity of 12.04% and a net margin of 15.31%. The company had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. During the same quarter in the prior year, the company posted $10.43 earnings per share. The business’s revenue was down 7.0% on a year-over-year basis. On average, equities research analysts forecast that Cable One, Inc. will post 30.99 earnings per share for the current fiscal year.

Cable One Announces Dividend

The company also recently disclosed 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 3.29%. The ex-dividend date of this dividend was Tuesday, August 27th. Cable One’s payout ratio is 27.02%.

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.