Cohen Klingenstein LLC Cuts Stake in Cable One, Inc. (NYSE:CABO)

Cohen Klingenstein LLC cut its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 47.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,000 shares of the company's stock after selling 1,790 shares during the period. Cohen Klingenstein LLC's holdings in Cable One were worth $708,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Bfsg LLC acquired a new stake in Cable One during the fourth quarter worth about $28,000. Fifth Third Bancorp increased its position in Cable One by 87.5% during the 1st quarter. Fifth Third Bancorp now owns 75 shares of the company's stock worth $32,000 after purchasing an additional 35 shares in the last quarter. Spire Wealth Management purchased a new position in Cable One in the fourth quarter valued at approximately $46,000. Principal Securities Inc. purchased a new position in Cable One in the fourth quarter valued at approximately $53,000. Finally, Versant Capital Management Inc lifted its position in Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company's stock valued at $41,000 after buying an additional 95 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen cut their target price on shares of Cable One from $650.00 to $456.00 and set a "hold" rating on the stock in a research note on Friday, May 3rd. JPMorgan Chase & Co. raised their price objective on Cable One from $470.00 to $480.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company decreased their target price on Cable One from $400.00 to $350.00 and set an "underweight" rating for the company in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $533.33.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz bought 1,000 shares of Cable One stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $369.98 per share, with a total value of $369,980.00. Following the acquisition, the director now directly owns 4,565 shares in the company, valued at approximately $1,688,958.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.

Cable One Stock Down 3.6 %

Shares of Cable One stock traded down $13.90 during trading hours on Monday, hitting $376.91. 53,214 shares of the company's stock traded hands, compared to its average volume of 111,955. Cable One, Inc. has a twelve month low of $318.68 and a twelve month high of $688.04. The company has a market cap of $2.12 billion, a PE ratio of 8.63 and a beta of 0.83. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.86. The stock has a 50 day simple moving average of $366.07 and a 200-day simple moving average of $407.68.

Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing analysts' consensus estimates of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.84%. The business had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. During the same quarter last year, the business earned $10.43 EPS. Cable One's revenue for the quarter was down 7.0% compared to the same quarter last year. Equities research analysts anticipate that Cable One, Inc. will post 32.21 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th were paid a dividend of $2.95 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $11.80 dividend on an annualized basis and a yield of 3.13%. Cable One's dividend payout ratio (DPR) is 27.02%.

About Cable One

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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