KBC Group NV Increases Stock Holdings in Cable One, Inc. (NYSE:CABO)

KBC Group NV increased its holdings in Cable One, Inc. (NYSE:CABO) by 7.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,737 shares of the company’s stock after acquiring an additional 1,491 shares during the quarter. KBC Group NV owned about 0.34% of Cable One worth $37,598,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. NEXT Financial Group Inc increased its holdings in shares of Cable One by 600.0% during the third quarter. NEXT Financial Group Inc now owns 14 shares of the company’s stock valued at $25,000 after acquiring an additional 12 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Cable One by 40.0% during the third quarter. Fifth Third Bancorp now owns 21 shares of the company’s stock valued at $38,000 after acquiring an additional 6 shares in the last quarter. RE Advisers Corp increased its holdings in Cable One by 60.0% in the 3rd quarter. RE Advisers Corp now owns 32 shares of the company’s stock worth $58,000 after buying an additional 12 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Cable One by 357.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 32 shares of the company’s stock worth $61,000 after buying an additional 25 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Cable One in the 2nd quarter worth about $77,000. 86.35% of the stock is owned by institutional investors.

In other Cable One news, insider Christopher D. Boone sold 158 shares of the stock in a transaction that occurred on Monday, November 15th. The stock was sold at an average price of $1,830.00, for a total transaction of $289,140.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Julia M. Laulis sold 327 shares of the firm’s stock in a transaction that occurred on Tuesday, November 9th. The shares were sold at an average price of $1,801.21, for a total value of $588,995.67. The disclosure for this sale can be found here. Insiders sold 631 shares of company stock worth $1,139,642 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Several research analysts have issued reports on the company. Zacks Investment Research raised Cable One from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 5th. Wells Fargo & Company cut Cable One from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $2,400.00 to $2,100.00 in a report on Friday, October 8th. Raymond James reduced their price objective on Cable One from $2,236.00 to $2,000.00 and set an “outperform” rating on the stock in a research note on Monday, October 11th. Finally, KeyCorp reduced their price objective on Cable One from $2,671.00 to $2,480.00 and set an “overweight” rating on the stock in a research note on Friday, November 5th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $2,149.57.

Shares of CABO stock opened at $1,559.82 on Friday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 29.03 and a beta of 0.53. Cable One, Inc. has a twelve month low of $1,524.57 and a twelve month high of $2,136.14. The stock has a fifty day simple moving average of $1,749.61 and a two-hundred day simple moving average of $1,852.29.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, November 4th. The company reported $8.33 earnings per share for the quarter, missing analysts’ consensus estimates of $12.60 by ($4.27). Cable One had a return on equity of 17.60% and a net margin of 22.07%. The company had revenue of $430.24 million for the quarter, compared to analysts’ expectations of $424.87 million. During the same quarter last year, the company earned $10.96 earnings per share. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. Research analysts predict that Cable One, Inc. will post 48.06 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 17th. Stockholders of record on Tuesday, November 30th were issued a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Monday, November 29th. Cable One’s dividend payout ratio is presently 20.47%.

Cable One Company Profile

Cable ONE, Inc is a cable and broadband communications provider. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service under the brand name Sparklight. The company was founded in 1986 and is headquartered in Phoenix, AZ.

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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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