2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lifted its stake in shares of Cable One, Inc. ( NYSE:CABO – Free Report ) by 2.
2% in the second quarter, HoldingsChannel reports. The fund owned 22,450 shares of the company’s stock after acquiring an additional 476 shares during the period. Envestnet Asset Management Inc.
’s holdings in Cable One were worth $7,947,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Headlands Technologies LLC boosted its position in shares of Cable One by 19,050.
0% during the 2nd quarter. Headlands Technologies LLC now owns 383 shares of the company’s stock valued at $136,000 after acquiring an additional 381 shares during the last quarter. Private Management Group Inc.
increased its stake in shares of Cable One by 70.7% during the second quarter. Private Management Group Inc.
now owns 113,641 shares of the company’s stock valued at $40,229,000 after buying an additional 47,082 shares during the period. Quest Partners LLC grew its stake in Cable One by 15.9% in the second quarter.
Quest Partners LLC now owns 1,086 shares of the company’s stock valued at $384,000 after purchasing an additional 149 shares during the last quarter. Caprock Group LLC purchased a new position in Cable One in the second quarter valued at about $3,624,000. Finally, Chicago Capital LLC purchased a new stake in shares of Cable One during the second quarter worth about $427,000.
89.92% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In Separately, JPMorgan Chase & Co.
lifted their target price on Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th.
Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Cable One presently has a consensus rating of “Hold” and an average price target of $533.
33. Cable One Price Performance CABO stock opened at $353.56 on Friday.
The company has a debt-to-equity ratio of 1.79, a current ratio of 1.81 and a quick ratio of 1.
81. The firm has a market capitalization of $1.99 billion, a P/E ratio of 8.
10 and a beta of 0.84. The business’s 50-day moving average is $361.
11 and its two-hundred day moving average is $375.71. Cable One, Inc.
has a 1 year low of $313.15 and a 1 year high of $671.62.
Cable One ( NYSE:CABO – Get Free Report ) last released its quarterly earnings data on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing analysts’ consensus estimates of $10.
36 by ($2.20). The business had revenue of $394.
46 million during the quarter, compared to analysts’ expectations of $400.64 million. Cable One had a net margin of 15.
31% and a return on equity of 11.69%. The company’s revenue was down 7.
0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.43 EPS.
Analysts anticipate that Cable One, Inc. will post 30.99 earnings per share for the current fiscal year.
Cable One Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a $2.95 dividend.
The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $11.80 annualized dividend and a dividend yield of 3.
34%. Cable One’s dividend payout ratio is currently 27.02%.
Cable One Profile ( Free Report ) 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.
Featured Stories Want to see what other hedge funds are holding CABO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cable One, Inc. ( NYSE:CABO – Free Report ).
Receive News & Ratings for Cable One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cable One and related companies with MarketBeat.com's FREE daily email newsletter ..
