Two Sigma Securities LLC bought a new stake in shares of Cable One Inc (NYSE:CABO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 762 shares of the company’s stock, valued at approximately $536,000.
A number of other institutional investors have also made changes to their positions in the business. Renaissance Technologies LLC grew its position in Cable One by 2.4% in the 4th quarter. Renaissance Technologies LLC now owns 203,400 shares of the company’s stock valued at $143,061,000 after acquiring an additional 4,714 shares during the last quarter. TimesSquare Capital Management LLC grew its position in Cable One by 23.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 95,851 shares of the company’s stock valued at $67,417,000 after acquiring an additional 17,972 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Cable One by 25.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 82,895 shares of the company’s stock valued at $58,304,000 after acquiring an additional 16,680 shares during the last quarter. Neuberger Berman Group LLC grew its position in Cable One by 18.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 81,145 shares of the company’s stock valued at $58,596,000 after acquiring an additional 12,402 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in Cable One by 6.0% in the 3rd quarter. Macquarie Group Ltd. now owns 76,367 shares of the company’s stock valued at $55,146,000 after acquiring an additional 4,341 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors.
In other news, Chairman Thomas O. Might sold 2,793 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $676.44, for a total transaction of $1,889,296.92. Following the transaction, the chairman now owns 37,702 shares of the company’s stock, valued at approximately $25,503,140.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas O. Might sold 2,823 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $726.54, for a total value of $2,051,022.42. Following the transaction, the director now directly owns 15,140 shares in the company, valued at approximately $10,999,815.60. The disclosure for this sale can be found here. Insiders have sold a total of 11,904 shares of company stock worth $8,223,705 in the last three months. Corporate insiders own 1.30% of the company’s stock.
Cable One (NYSE:CABO) last posted its quarterly earnings results on Thursday, March 1st. The company reported $5.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.87 by ($0.09). Cable One had a return on equity of 23.21% and a net margin of 24.63%. The firm had revenue of $257.71 million for the quarter, compared to the consensus estimate of $254.91 million. During the same period in the previous year, the company posted $4.23 EPS. Cable One’s quarterly revenue was up 24.7% compared to the same quarter last year. equities research analysts expect that Cable One Inc will post 27.64 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Tuesday, February 20th were given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, February 16th. Cable One’s payout ratio is 17.02%.
Several brokerages have commented on CABO. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $781.00 price objective on the stock in a research report on Tuesday, March 6th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $741.00 price objective (up previously from $700.00) on shares of Cable One in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Cable One currently has a consensus rating of “Hold” and an average target price of $788.00.
Cable One Profile
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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