Cable One Inc (NYSE:CABO) COO Michael E. Bowker sold 300 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,246.80, for a total transaction of $374,040.00. Following the sale, the chief operating officer now directly owns 1,718 shares of the company’s stock, valued at $2,142,002.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Cable One stock traded up $9.59 during midday trading on Friday, hitting $1,252.01. The company had a trading volume of 63,918 shares, compared to its average volume of 53,473. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 43.52 and a beta of 0.43. The company has a quick ratio of 1.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.68. The company has a fifty day simple moving average of $1,217.77 and a 200 day simple moving average of $1,076.46. Cable One Inc has a 12-month low of $767.15 and a 12-month high of $1,271.15.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $6.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $7.76 by ($1.41). The company had revenue of $285.70 million during the quarter, compared to analysts’ expectations of $283.61 million. Cable One had a net margin of 14.10% and a return on equity of 21.26%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $7.65 earnings per share. As a group, analysts expect that Cable One Inc will post 30.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Tuesday, August 20th will be given a $2.25 dividend. This is a positive change from Cable One’s previous quarterly dividend of $2.00. This represents a $9.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Monday, August 19th. Cable One’s dividend payout ratio (DPR) is presently 27.81%.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Cable One by 0.4% in the 2nd quarter. BlackRock Inc. now owns 431,907 shares of the company’s stock worth $505,760,000 after buying an additional 1,900 shares during the period. Renaissance Technologies LLC increased its holdings in Cable One by 8.4% in the 2nd quarter. Renaissance Technologies LLC now owns 278,600 shares of the company’s stock worth $326,238,000 after buying an additional 21,700 shares during the period. William Blair Investment Management LLC increased its holdings in Cable One by 39.7% in the 2nd quarter. William Blair Investment Management LLC now owns 132,761 shares of the company’s stock worth $155,462,000 after buying an additional 37,728 shares during the period. Invesco Ltd. increased its holdings in Cable One by 1,218.6% in the 2nd quarter. Invesco Ltd. now owns 105,303 shares of the company’s stock worth $123,309,000 after buying an additional 97,317 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Cable One by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 78,327 shares of the company’s stock worth $64,236,000 after buying an additional 989 shares during the period. 77.31% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $1,316.00 price objective (up from $1,210.00) on shares of Cable One in a research report on Thursday, June 27th. B. Riley reaffirmed a “buy” rating and issued a $1,250.00 price objective (up from $1,090.00) on shares of Cable One in a research report on Tuesday, June 4th. Zacks Investment Research lowered shares of Cable One from a “buy” rating to a “hold” rating in a research report on Monday. Stephens assumed coverage on shares of Cable One in a research report on Wednesday, June 26th. They issued an “equal weight” rating and a $1,200.00 price objective for the company. Finally, Wolfe Research raised shares of Cable One from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 23rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Cable One has a consensus rating of “Hold” and an average price target of $1,219.00.

Cable One Company Profile

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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Insider Buying and Selling by Quarter for Cable One (NYSE:CABO)

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