Breton Hill Capital Ltd. Decreases Position in Cable One, Inc. (CABO)
Breton Hill Capital Ltd. decreased its position in shares of Cable One, Inc. (NYSE:CABO) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,387 shares of the company’s stock after selling 160 shares during the period. Breton Hill Capital Ltd.’s holdings in Cable One were worth $1,002,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CABO. Victory Capital Management Inc. raised its position in Cable One by 28.3% in the 2nd quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock valued at $116,000 after purchasing an additional 36 shares in the last quarter. US Bancorp DE raised its position in Cable One by 19.6% in the 2nd quarter. US Bancorp DE now owns 275 shares of the company’s stock valued at $196,000 after purchasing an additional 45 shares in the last quarter. Palisade Asset Management LLC acquired a new stake in Cable One in the 3rd quarter valued at about $202,000. Virtu KCG Holdings LLC acquired a new stake in Cable One in the 2nd quarter valued at about $209,000. Finally, Stonebridge Capital Management Inc. acquired a new stake in Cable One in the 2nd quarter valued at about $213,000. 70.55% of the stock is currently owned by hedge funds and other institutional investors.
Cable One, Inc. (CABO) traded down $9.02 on Friday, hitting $683.98. The stock had a trading volume of 36,273 shares, compared to its average volume of 43,881. Cable One, Inc. has a fifty-two week low of $564.26 and a fifty-two week high of $788.00. The stock has a market cap of $3,970.46, a P/E ratio of 33.84, a P/E/G ratio of 11.22 and a beta of 0.24. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 2.21.
Cable One (NYSE:CABO) last released its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $5.20 by $0.28. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The business had revenue of $253.85 million for the quarter, compared to the consensus estimate of $255.68 million. During the same quarter in the prior year, the business posted $3.63 EPS. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. analysts forecast that Cable One, Inc. will post 20.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Tuesday, November 21st will be issued a $1.75 dividend. The ex-dividend date is Monday, November 20th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.02%. Cable One’s payout ratio is currently 34.18%.
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In related news, CFO Kevin P. Coyle sold 450 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $740.91, for a total transaction of $333,409.50. Following the transaction, the chief financial officer now owns 4,440 shares in the company, valued at approximately $3,289,640.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael E. Bowker sold 1,244 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total value of $921,293.96. Following the transaction, the chief operating officer now owns 7,104 shares in the company, valued at approximately $5,261,151.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,561 shares of company stock worth $1,893,119. Company insiders own 1.30% of the company’s stock.
A number of equities research analysts have issued reports on CABO shares. Raymond James Financial, Inc. increased their price target on Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $837.00 price objective on the stock in a report on Thursday, August 10th. Finally, BidaskClub downgraded Cable One from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $693.75.
About Cable One
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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