Hyman Charles D purchased a new stake in Cable One Inc (NYSE:CABO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 320 shares of the company’s stock, valued at approximately $375,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in CABO. Machina Capital S.A.S. bought a new position in Cable One in the second quarter valued at approximately $35,000. Quadrant Capital Group LLC lifted its stake in Cable One by 683.3% in the first quarter. Quadrant Capital Group LLC now owns 94 shares of the company’s stock valued at $91,000 after buying an additional 82 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Cable One by 92.1% in the first quarter. BNP Paribas Arbitrage SA now owns 146 shares of the company’s stock valued at $143,000 after buying an additional 70 shares in the last quarter. Advisor Group Inc. lifted its stake in Cable One by 26.6% in the fourth quarter. Advisor Group Inc. now owns 176 shares of the company’s stock valued at $145,000 after buying an additional 37 shares in the last quarter. Finally, Hanseatic Management Services Inc. lifted its stake in Cable One by 23.3% in the first quarter. Hanseatic Management Services Inc. now owns 159 shares of the company’s stock valued at $156,000 after buying an additional 30 shares in the last quarter. 77.34% of the stock is currently owned by hedge funds and other institutional investors.
CABO has been the topic of a number of recent research reports. B. Riley reiterated a “buy” rating and issued a $1,250.00 price objective (up from $1,090.00) on shares of Cable One in a report on Tuesday, June 4th. KeyCorp reiterated an “overweight” rating and issued a $1,316.00 price objective (up from $1,210.00) on shares of Cable One in a report on Thursday, June 27th. Zacks Investment Research downgraded shares of Cable One from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. SunTrust Banks lifted their price objective on shares of Cable One to $1,020.00 and gave the company a “hold” rating in a report on Friday, May 10th. They noted that the move was a valuation call. Finally, Stephens initiated coverage on shares of Cable One in a report on Wednesday, June 26th. They issued an “equal weight” rating and a $1,200.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $1,191.00.
Shares of NYSE CABO traded down $14.25 during midday trading on Friday, reaching $1,191.71. The company’s stock had a trading volume of 53,246 shares, compared to its average volume of 48,679. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.72 and a quick ratio of 1.72. Cable One Inc has a fifty-two week low of $713.46 and a fifty-two week high of $1,244.78. The company has a market cap of $6.87 billion, a PE ratio of 41.42 and a beta of 0.43. The stock has a 50 day simple moving average of $1,192.76.
Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, May 9th. The company reported $6.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.10 by ($1.32). Cable One had a net margin of 15.01% and a return on equity of 22.57%. The business had revenue of $278.61 million during the quarter, compared to analyst estimates of $279.23 million. During the same quarter last year, the business earned $7.08 earnings per share. Cable One’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts predict that Cable One Inc will post 31.42 EPS for the current fiscal year.
About Cable One
Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.
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