Caprock Group LLC Acquires Shares of 10,237 Cable One, Inc. (NYSE:CABO)

Caprock Group LLC bought a new position in shares of Cable One, Inc. (NYSE:CABO) during the second quarter, HoldingsChannel reports. The institutional investor bought 10,237 shares of the company’s stock, valued at approximately $3,624,000.

A number of other institutional investors have also modified their holdings of CABO. Canada Pension Plan Investment Board raised its holdings in shares of Cable One by 1,906.2% in the first quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock valued at $67,911,000 after acquiring an additional 152,496 shares in the last quarter. Norges Bank bought a new stake in shares of Cable One in the 4th quarter valued at about $35,195,000. Private Management Group Inc. lifted its position in shares of Cable One by 648.3% in the 1st quarter. Private Management Group Inc. now owns 66,559 shares of the company’s stock worth $28,163,000 after purchasing an additional 57,664 shares during the period. Vanguard Group Inc. boosted its stake in shares of Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after purchasing an additional 48,513 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its stake in shares of Cable One by 26.2% during the first quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company’s stock valued at $86,353,000 after purchasing an additional 42,376 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price objective on Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $533.33.

Cable One Trading Down 2.2 %

Cable One stock opened at $345.23 on Friday. Cable One, Inc. has a one year low of $318.68 and a one year high of $671.62. The stock has a market cap of $1.94 billion, a PE ratio of 7.91 and a beta of 0.84. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a 50-day moving average of $363.51 and a two-hundred day moving average of $387.66.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). The company had revenue of $394.46 million during the quarter, compared to analysts’ expectations of $400.64 million. Cable One had a return on equity of 11.69% and a net margin of 15.31%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $10.43 EPS. On average, research analysts anticipate that Cable One, Inc. will post 30.99 EPS for the current fiscal year.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be paid a $2.95 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.42%. Cable One’s payout ratio is currently 27.02%.

Cable One Company Profile

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.