Inspire Investing LLC Acquires 157 Shares of Cable One, Inc. (NYSE:CABO)

Inspire Investing LLC raised its holdings in Cable One, Inc. (NYSE:CABO) by 22.7% in the first quarter, Holdings Channel reports. The firm owned 850 shares of the company’s stock after purchasing an additional 157 shares during the period. Inspire Investing LLC’s holdings in Cable One were worth $360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. SummerHaven Investment Management LLC grew its stake in Cable One by 1.8% in the 4th quarter. SummerHaven Investment Management LLC now owns 1,127 shares of the company’s stock valued at $627,000 after purchasing an additional 20 shares during the period. Fifth Third Bancorp grew its stake in shares of 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 acquiring an additional 35 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of Cable One by 24.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 190 shares of the company’s stock worth $106,000 after acquiring an additional 37 shares during the period. Bfsg LLC bought a new position in shares of Cable One during the 4th quarter worth $28,000. Finally, Texas Permanent School Fund Corp grew its stake in shares of Cable One by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 3,973 shares of the company’s stock worth $1,681,000 after acquiring an additional 51 shares during the period. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling

In other Cable One news, Director Wallace R. Weitz purchased 1,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were purchased 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on CABO shares. TD Cowen cut their price target on Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. KeyCorp cut their price target on Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Finally, Wells Fargo & Company cut their price target on Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $590.83.

Cable One Stock Performance

Shares of CABO opened at $365.00 on Wednesday. The stock’s 50-day simple moving average is $363.80 and its 200 day simple moving average is $429.32. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 8.31 and a beta of 0.83. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.86 and a current ratio of 1.86. Cable One, Inc. has a 52-week low of $318.68 and a 52-week high of $749.00.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $8.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). The company had revenue of $404.30 million for the quarter, compared to analysts’ expectations of $408.79 million. Cable One had a return on equity of 12.76% and a net margin of 15.50%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the company posted $9.62 EPS. Research analysts forecast that Cable One, Inc. will post 32.21 EPS for the current fiscal year.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were issued a dividend of $2.95 per share. The ex-dividend date was Friday, May 24th. This represents a $11.80 dividend on an annualized basis and a yield of 3.23%. 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.