Profund Advisors LLC Has $491,000 Holdings in Cable One, Inc. (CABO)
Profund Advisors LLC lessened its holdings in Cable One, Inc. (NYSE:CABO) by 21.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 690 shares of the company’s stock after selling 185 shares during the period. Profund Advisors LLC’s holdings in Cable One were worth $491,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Cable One by 13.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 72,838 shares of the company’s stock worth $51,780,000 after buying an additional 8,521 shares in the last quarter. Great Lakes Advisors LLC purchased a new stake in Cable One in the 2nd quarter worth $1,905,000. Prudential Financial Inc. increased its stake in Cable One by 20.7% in the 2nd quarter. Prudential Financial Inc. now owns 13,134 shares of the company’s stock worth $9,337,000 after buying an additional 2,249 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Cable One by 70.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,886 shares of the company’s stock worth $1,341,000 after buying an additional 777 shares in the last quarter. Finally, TD Asset Management Inc. increased its stake in Cable One by 10.5% in the 1st quarter. TD Asset Management Inc. now owns 2,100 shares of the company’s stock worth $1,311,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 70.34% of the company’s stock.
CABO has been the subject of a number of analyst reports. Zacks Investment Research upgraded Cable One from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 20th. TheStreet upgraded Cable One from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Raymond James Financial, Inc. initiated coverage on Cable One in a research note on Thursday, June 8th. They issued an “outperform” rating and a $785.00 price target for the company. Finally, BidaskClub lowered Cable One from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $693.75.
In other news, major shareholder Donald Graham acquired 8,187 shares of the business’s stock in a transaction on Friday, July 28th. The stock was bought 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 of the company’s stock, valued at $207,707,347.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael E. Bowker sold 1,244 shares of Cable One 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 completion of the transaction, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at approximately $5,261,151.36. The disclosure for this sale can be found here. Insiders sold 2,561 shares of company stock valued at $1,893,119 in the last ninety days. 1.30% of the stock is owned by corporate insiders.
Shares of Cable One, Inc. (CABO) opened at 722.12 on Friday. The firm has a 50-day moving average price of $737.37 and a 200-day moving average price of $737.37. Cable One, Inc. has a 52 week low of $559.83 and a 52 week high of $754.00. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 38.78 and a beta of 0.31.
Cable One (NYSE:CABO) last released its quarterly earnings data on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the firm posted $4.62 EPS. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. On average, equities analysts anticipate that Cable One, Inc. will post $20.60 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were issued a $1.75 dividend. This is a boost from Cable One’s previous quarterly dividend of $1.50. The ex-dividend date was Friday, August 11th. This represents a $7.00 dividend on an annualized basis and a yield of 0.97%. Cable One’s payout ratio is presently 37.57%.
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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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