Private Management Group Inc. grew its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,999 shares of the company's stock after acquiring an additional 2,358 shares during the period. Cable One accounts for approximately 1.4% of Private Management Group Inc.'s holdings, making the stock its 12th largest position. Private Management Group Inc. owned about 2.06% of Cable One worth $40,575,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Jane Street Group LLC raised its stake in shares of Cable One by 880.9% in the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company's stock valued at $6,292,000 after acquiring an additional 13,354 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Cable One by 11.0% in 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 during the period. Nordea Investment Management AB acquired a new stake in shares of Cable One in the first quarter worth $8,695,000. Kingsview Wealth Management LLC bought a new stake in shares of Cable One during the 1st quarter worth $7,068,000. Finally, DAVENPORT & Co LLC grew its stake in Cable One by 48.3% in the 1st quarter. DAVENPORT & Co LLC now owns 44,166 shares of the company's stock valued at $18,769,000 after buying an additional 14,377 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.
CABO stock traded up $18.42 on Friday, reaching $359.98. 161,659 shares of the company were exchanged, compared to its average volume of 103,287. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.81 and a quick ratio of 1.81. Cable One, Inc. has a 12 month low of $311.28 and a 12 month high of $618.44. The stock's fifty day moving average price is $344.43 and its 200 day moving average price is $362.91. The firm has a market capitalization of $2.02 billion, a PE ratio of 8.48 and a beta of 0.84.
Cable One (NYSE:CABO - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing analysts' consensus estimates of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 12.04%. The company had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. During the same period in the prior year, the company posted $10.43 EPS. The firm's quarterly revenue was down 7.0% on a year-over-year basis. On average, research analysts anticipate that Cable One, Inc. will post 30.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were given a $2.95 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.28%. Cable One's dividend payout ratio is currently 27.78%.
Separately, JPMorgan Chase & Co. boosted their target price on shares of Cable One from $470.00 to $480.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $533.33.
Check Out Our Latest Report on 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.
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