First Trust Advisors LP lessened its position in Cable One, Inc. (NYSE:CABO - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,732 shares of the company's stock after selling 2,431 shares during the quarter. First Trust Advisors LP owned approximately 0.46% of Cable One worth $9,318,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC purchased a new stake in shares of Cable One in the fourth quarter valued at $49,000. Sound Income Strategies LLC acquired a new position in Cable One during the fourth quarter valued at $50,000. Federated Hermes Inc. lifted its stake in Cable One by 201.8% in the 4th quarter. Federated Hermes Inc. now owns 166 shares of the company's stock worth $60,000 after acquiring an additional 111 shares in the last quarter. KBC Group NV grew its stake in Cable One by 45.0% during the 4th quarter. KBC Group NV now owns 232 shares of the company's stock valued at $84,000 after acquiring an additional 72 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Cable One by 523.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 262 shares of the company's stock valued at $95,000 after purchasing an additional 220 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.
Cable One Stock Down 42.0 %
NYSE CABO traded down $110.00 during trading on Friday, reaching $151.99. The company's stock had a trading volume of 1,294,777 shares, compared to its average volume of 116,852. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $855.40 million, a PE ratio of 3.52 and a beta of 1.00. Cable One, Inc. has a 1-year low of $150.00 and a 1-year high of $437.00. The business has a 50-day moving average price of $258.05 and a 200-day moving average price of $320.52.
Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $12.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.21 by $0.11. The business had revenue of $380.60 million during the quarter, compared to analyst estimates of $386.61 million. Cable One had a net margin of 15.86% and a return on equity of 10.98%. On average, research analysts forecast that Cable One, Inc. will post 32.08 earnings per share for the current fiscal year.
Cable One Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 7.76%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's dividend payout ratio is -470.12%.
Analyst Upgrades and Downgrades
Several research firms recently commented on CABO. Wells Fargo & Company decreased their price target on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a report on Friday, February 28th. KeyCorp restated a "sector weight" rating on shares of Cable One in a report on Friday. Raymond James downgraded shares of Cable One from an "outperform" rating to a "market perform" rating in a research note on Friday. Finally, JPMorgan Chase & Co. reduced their price objective on Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd.
Read Our Latest Stock Report on Cable One
Insider Activity at Cable One
In other news, Director Wallace R. Weitz bought 1,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the acquisition, the director now directly owns 5,584 shares of the company's stock, valued at $1,362,607.68. The trade was a 21.82 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.90% of the stock is owned by company insiders.
About Cable One
(
Free Report)
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 enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.
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