Nationwide Fund Advisors Has $5.71 Million Position in Cable One, Inc. (CABO)
Nationwide Fund Advisors increased its stake in Cable One, Inc. (NYSE:CABO) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,036 shares of the company’s stock after buying an additional 205 shares during the quarter. Nationwide Fund Advisors owned about 0.14% of Cable One worth $5,713,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in Cable One during the first quarter worth $115,000. Victory Capital Management Inc. increased its position in Cable One by 28.3% during the second quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock valued at $116,000 after acquiring an additional 36 shares during the last quarter. US Bancorp DE increased its position in Cable One by 16.2% during the first quarter. US Bancorp DE now owns 230 shares of the company’s stock valued at $144,000 after acquiring an additional 32 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Cable One by 2.7% during the first quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock valued at $192,000 after acquiring an additional 8 shares during the last quarter. Finally, World Asset Management Inc bought a new position in Cable One during the first quarter valued at $202,000. Institutional investors own 70.34% of the company’s stock.
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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 20th. TheStreet raised shares of Cable One from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Raymond James Financial, Inc. assumed coverage on shares of Cable One in a research note on Thursday, June 8th. They set an “outperform” rating and a $785.00 price target for the company. Finally, BidaskClub downgraded shares of Cable One from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $693.75.
Shares of Cable One, Inc. (CABO) opened at 731.94 on Wednesday. Cable One, Inc. has a one year low of $559.83 and a one year high of $754.00. The stock has a market capitalization of $4.19 billion, a P/E ratio of 39.30 and a beta of 0.27. The stock has a 50 day moving average price of $727.12 and a 200 day moving average price of $727.12.
Cable One (NYSE:CABO) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the consensus estimate of $5.10 by ($0.13). Cable One had a net margin of 12.44% and a return on equity of 22.83%. The firm had revenue of $241.00 million during the quarter, compared to analysts’ expectations of $247.02 million. During the same period last year, the company earned $4.62 EPS. The business’s quarterly revenue was up 17.8% on a year-over-year basis. Equities analysts forecast that Cable One, Inc. will post $20.60 earnings per share for the current year.
In other news, COO Michael E. Bowker sold 1,244 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total transaction of $921,293.96. Following the completion of the transaction, the chief operating officer now directly owns 7,104 shares in the company, valued at approximately $5,261,151.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Donald Graham purchased 8,187 shares of the stock in a transaction dated Friday, July 28th. The shares were acquired at an average price of $742.52 per share, with a total value of $6,079,011.24. Following the completion of the acquisition, the insider now owns 279,733 shares in the company, valued at approximately $207,707,347.16. The disclosure for this purchase can be found here. Insiders have sold a total of 2,561 shares of company stock valued at $1,893,119 in the last 90 days. Insiders own 1.30% of the company’s stock.
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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