Marathon Asset Management Ltd Sells 6,759 Shares of Cable One, Inc. (NYSE:CABO)

Marathon Asset Management Ltd lowered its stake in Cable One, Inc. (NYSE:CABO) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,351 shares of the company’s stock after selling 6,759 shares during the quarter. Marathon Asset Management Ltd owned about 1.04% of Cable One worth $20,413,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc grew its stake in shares of 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 during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in Cable One in the second quarter worth $45,000. GAMMA Investing LLC increased its stake in Cable One by 964.3% in the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after purchasing an additional 135 shares during the period. Innealta Capital LLC bought a new stake in shares of Cable One during the second quarter worth $65,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cable One during the second quarter valued at $72,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cable One has an average rating of “Hold” and an average target price of $533.33.

Cable One Trading Up 2.2 %

NYSE CABO opened at $358.39 on Friday. Cable One, Inc. has a one year low of $311.28 and a one year high of $647.00. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 8.21 and a beta of 0.84. The company’s 50-day simple moving average is $349.23 and its two-hundred day simple moving average is $367.13.

Cable One (NYSE:CABO) last released its quarterly earnings results 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). The firm had revenue of $394.46 million during the quarter, compared to the consensus estimate of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 12.04%. During the same quarter in the prior year, the business posted $10.43 earnings per share. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. Equities analysts forecast 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 was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $11.80 annualized dividend and a dividend yield of 3.29%. Cable One’s dividend payout ratio is presently 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.