Cable One, Inc. (CABO) Shares Sold by CNH Partners LLC
CNH Partners LLC reduced its stake in shares of Cable One, Inc. (NYSE:CABO) by 32.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,567 shares of the company’s stock after selling 13,407 shares during the quarter. CNH Partners LLC owned about 0.48% of Cable One worth $19,597,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in CABO. BlackRock Inc. raised its stake in Cable One by 6,855.3% during the 1st quarter. BlackRock Inc. now owns 439,785 shares of the company’s stock worth $274,634,000 after acquiring an additional 433,462 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Cable One by 5,057.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 68,743 shares of the company’s stock worth $48,869,000 after acquiring an additional 67,410 shares in the last quarter. Renaissance Technologies LLC raised its stake in Cable One by 92.3% during the 2nd quarter. Renaissance Technologies LLC now owns 137,200 shares of the company’s stock worth $97,535,000 after acquiring an additional 65,847 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Cable One during the 2nd quarter worth $33,648,000. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Cable One by 138.6% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 60,645 shares of the company’s stock worth $43,112,000 after acquiring an additional 35,230 shares in the last quarter. Hedge funds and other institutional investors own 70.34% of the company’s stock.
In other Cable One news, COO Michael E. Bowker sold 1,244 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $740.59, for a total transaction of $921,293.96. Following the sale, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at $5,261,151.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Donald Graham bought 24,561 shares of the company’s stock in a transaction on Monday, July 24th. The shares were acquired at an average cost of $742.52 per share, for a total transaction of $18,237,033.72. Following the completion of the acquisition, the insider now directly owns 271,546 shares of the company’s stock, valued at approximately $201,628,335.92. The disclosure for this purchase can be found here. Insiders have sold 2,561 shares of company stock worth $1,893,119 over the last three months. 1.30% of the stock is owned by corporate insiders.
CABO has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Cable One from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 4th. TheStreet upgraded shares of Cable One from a “c” rating to a “b-” rating in a research note on Monday, June 12th. BidaskClub lowered shares of Cable One from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Finally, Raymond James Financial, Inc. lifted their price target on shares of Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $693.75.
Shares of Cable One, Inc. (CABO) traded up 0.39% on Friday, reaching $744.03. 22,073 shares of the company’s stock traded hands. Cable One, Inc. has a 52 week low of $559.83 and a 52 week high of $754.00. The stock has a market capitalization of $4.26 billion, a PE ratio of 39.95 and a beta of 0.27. The company has a 50 day moving average of $729.56 and a 200-day moving average of $729.56.
Cable One (NYSE:CABO) last issued its earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.10 by ($0.13). The business had revenue of $241.00 million for the quarter, compared to analyst estimates of $247.02 million. Cable One had a return on equity of 22.83% and a net margin of 12.44%. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the company posted $4.62 earnings per share. Equities research analysts forecast that Cable One, Inc. will post $20.60 earnings per share for the current year.
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Cable One Company Profile
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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