Cable One, Inc. (NYSE:CABO) Stake Raised by Teachers Advisors LLC

Teachers Advisors LLC boosted its position in Cable One, Inc. (NYSE:CABO) by 20.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,259 shares of the company’s stock after buying an additional 885 shares during the period. Teachers Advisors LLC owned about 0.09% of Cable One worth $3,284,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Cable One during the first quarter worth $115,000. US Bancorp DE increased its stake in Cable One by 16.2% in the first quarter. US Bancorp DE now owns 230 shares of the company’s stock worth $144,000 after buying an additional 32 shares during the period. Envestnet Asset Management Inc. increased its stake in Cable One by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock worth $192,000 after buying an additional 8 shares during the period. World Asset Management Inc bought a new stake in Cable One during the first quarter worth approximately $202,000. Finally, OppenheimerFunds Inc. bought a new stake in Cable One during the first quarter worth approximately $214,000. Institutional investors own 74.14% of the company’s stock.

Cable One, Inc. (NYSE CABO) traded up 1.23% during midday trading on Friday, reaching $735.60. 40,241 shares of the company’s stock were exchanged. Cable One, Inc. has a 12-month low of $527.75 and a 12-month high of $788.00. The stock’s 50-day moving average is $736.62 and its 200-day moving average is $680.13. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 39.50 and a beta of 0.30.

Cable One (NYSE:CABO) last posted its earnings results on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing the Zacks’ consensus estimate of $5.10 by $0.13. Cable One had a net margin of 12.44% and a return on equity of 22.83%. The firm had revenue of $241 million for the quarter, compared to analysts’ expectations of $247.02 million. During the same period in the previous year, the company earned $4.62 EPS. The company’s revenue was up 17.8% on a year-over-year basis. On average, equities analysts forecast that Cable One, Inc. will post $20.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $1.75 dividend. The ex-dividend date is Friday, August 11th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from Cable One’s previous quarterly dividend of $1.50. Cable One’s dividend payout ratio (DPR) is currently 32.21%.

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A number of equities research analysts have commented on CABO shares. Zacks Investment Research raised shares of Cable One from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 20th. SunTrust Banks, Inc. started coverage on shares of Cable One in a research report on Tuesday, April 18th. They issued a “buy” rating and a $715.00 target price for the company. TheStreet raised shares of Cable One from a “c” rating to a “b-” rating in a research report on Monday, June 12th. Raymond James Financial, Inc. started coverage on shares of Cable One in a research report on Thursday, June 8th. They issued an “outperform” rating and a $785.00 target price for the company. Finally, BidaskClub downgraded shares of Cable One from a “strong-buy” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $693.75.

In related news, major shareholder Donald Graham purchased 8,187 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was acquired at an average price of $742.52 per share, with a total value of $6,079,011.24. Following the completion of the acquisition, the insider now owns 279,733 shares in the company, valued at approximately $207,707,347.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Eric Michael Lardy sold 322 shares of the firm’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $725.00, for a total transaction of $233,450.00. Following the completion of the transaction, the senior vice president now directly owns 2,542 shares of the company’s stock, valued at approximately $1,842,950. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,022 shares of company stock valued at $6,483,807. Corporate insiders own 1.30% of the company’s stock.

About Cable One

Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.

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

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