Redpoint Investment Management Pty Ltd increased its stake in the shares of Cable One, Inc. (NYSE: CABO – Get Rating) by 80.3% in the first quarter, according to the company in its latest Form 13F filing with the Securities & Exchange Commission. The company held 283 shares of the company after purchasing an additional 126 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Cable One were worth $414,000 when it last filed with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Cable One by 5.4% during the fourth quarter. BlackRock Inc. now owns 736,160 shares of the company worth $1,298,179,000 after purchasing an additional 37,780 shares during the period. Rothschild & Co Wealth Management UK Ltd increased its equity stake in Cable One by 0.8% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 175,439 shares in the company valued at $309,378,000 after buying an additional 1,388 shares in the last quarter. State Street Corp increased its holdings of Cable One stock by 1.6% during the fourth quarter. State Street Corp now owns 173,750 shares of the company valued at $306,399,000 after buying 2,748 additional shares in the last quarter. Capital International Investors increased its equity stake in Cable One by 0.3% during the fourth quarter. Capital International Investors now owns 116,782 shares of the company valued at $206,079,000 after buying 371 additional shares in the last quarter. Finally, Gardner Russo & Quinn LLC increased its equity stake in Cable One by 3.5% in the 4th quarter. Gardner Russo & Quinn LLC now owns 90,821 shares of the company valued at $160,158,000 after purchasing an additional 3,090 shares in the last quarter. Institutional investors hold 89.51% of the company’s shares.
NYSE CABO opened at $1,266.56 on Friday. The company has a debt ratio of 1.96, a current ratio of 1.87 and a quick ratio of 1.87. The stock’s fifty-day moving average price is $1,233.00 and its 200-day moving average price is $1,439.89. Cable One, Inc. has a 1-year low of $1,049.81 and a 1-year high of $2,136.14. The company has a market capitalization of $7.59 billion, a price-earnings ratio of 20.30 and a beta of 0.73.
Cable One (NYSE: CABO – Get Rating) last released its results on Thursday, May 5. The company reported earnings per share (EPS) of $26.85 for the quarter, beating the consensus estimate of $12.03 by $14.82. Cable One achieved a return on equity of 22.11% and a net margin of 23.34%. The company posted revenue of $426.70 million for the quarter, versus a consensus estimate of $427.97 million. During the same period of the previous year, the company achieved EPS of $11.19. The company’s revenue increased 25.0% year over year. Research analysts expect Cable One, Inc. to post earnings per share of 67.72 for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 17. Investors of record on Tuesday, May 31 received a dividend of $2.75. This represents an annualized dividend of $11.00 and a dividend yield of 0.87%. The ex-dividend date was Friday, May 27. Cable One’s payout rate is 17.63%.
Separately, director Thomas Sinnickson Gayner purchased 50 shares of the company in a trade on Wednesday, May 25. The shares were purchased at an average cost of $1,257.97 per share, with a total value of $62,898.50. Following the transaction, the director now owns 7,469 shares of the company, valued at $9,395,777.93. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Additionally, insider Christopher D. Boone sold 131 shares in a trade dated Thursday, May 26. The stock was sold at an average price of $1,280.00, for a total value of $167,680.00. Following the sale, the insider now directly owns 1,047 shares of the company, valued at $1,340,160. The disclosure of this sale can be found here. 1.20% of the shares are currently held by insiders of the company.
Several brokerages have recently commented on CABO. StockNews.com began covering Cable One in a report on Thursday, March 31. They set a “holding” rating for the company. Truist Financial raised its price target on Cable One from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a Friday, June 10 report. KeyCorp cut its price target on Cable One from $2,326.00 to $1,896.00 in a Friday, May 6 report. Finally, Wells Fargo & Company cut its price target on Cable One from $2,100.00 to $1,800.00 in a Friday, May 6 report. Two investment analysts gave the stock a hold rating and four gave the company a buy rating. Based on MarketBeat data, Cable One currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,866.00.
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Cable One, Inc, together with its subsidiaries, provides data, video and voice services in the United States. The company offers Residential Data Services, a service to improve Wi-Fi signal throughout the home. It also provides home video services, such as local area networks; local community programming that includes government and public access; and other channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive, electronic program guide with parental controls.
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