Citadel Advisors LLC Has $21.24 Million Position in Cable One Inc (NYSE:CABO)

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Citadel Advisors LLC raised its stake in shares of Cable One Inc (NYSE:CABO) by 115.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,134 shares of the company’s stock after buying an additional 9,724 shares during the period. Citadel Advisors LLC owned about 0.32% of Cable One worth $21,235,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of Cable One by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 78,327 shares of the company’s stock worth $64,236,000 after purchasing an additional 989 shares in the last quarter. Geode Capital Management LLC boosted its position in Cable One by 10.3% during the 4th quarter. Geode Capital Management LLC now owns 47,520 shares of the company’s stock worth $38,970,000 after buying an additional 4,420 shares during the period. BNP Paribas Arbitrage SA boosted its position in Cable One by 92.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 146 shares of the company’s stock worth $143,000 after buying an additional 70 shares during the period. California Public Employees Retirement System boosted its position in Cable One by 5.7% during the 1st quarter. California Public Employees Retirement System now owns 8,335 shares of the company’s stock worth $8,180,000 after buying an additional 446 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Cable One by 16.6% during the 1st quarter. JPMorgan Chase & Co. now owns 9,649 shares of the company’s stock worth $9,471,000 after buying an additional 1,375 shares during the period. 77.90% of the stock is owned by institutional investors.

CABO stock traded up $11.99 on Friday, reaching $1,242.63. The company’s stock had a trading volume of 69,747 shares, compared to its average volume of 37,267. The business has a fifty day simple moving average of $1,258.00 and a two-hundred day simple moving average of $1,132.76. Cable One Inc has a 12-month low of $767.15 and a 12-month high of $1,321.49. The firm has a market cap of $7.12 billion, a PE ratio of 43.19 and a beta of 0.41. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.09 and a current ratio of 1.09.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $6.35 EPS for the quarter, missing analysts’ consensus estimates of $7.76 by ($1.41). Cable One had a return on equity of 21.26% and a net margin of 14.10%. The business had revenue of $285.70 million during the quarter, compared to analysts’ expectations of $283.61 million. During the same period in the previous year, the business earned $7.65 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Cable One Inc will post 29.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, August 20th were issued a $2.25 dividend. This represents a $9.00 annualized dividend and a dividend yield of 0.72%. This is a boost from Cable One’s previous quarterly dividend of $2.00. The ex-dividend date of this dividend was Monday, August 19th. Cable One’s dividend payout ratio is currently 31.28%.

Several research firms recently commented on CABO. B. Riley set a $1,400.00 target price on shares of Cable One and gave the stock a “buy” rating in a research report on Thursday, August 29th. KeyCorp restated an “overweight” rating and issued a $1,482.00 price objective (up from $1,316.00) on shares of Cable One in a research report on Wednesday, September 4th. Stephens assumed coverage on shares of Cable One in a research report on Wednesday, June 26th. They set an “equal weight” rating and a $1,200.00 price target on the stock. Wolfe Research upgraded shares of Cable One from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, July 23rd. Finally, Zacks Investment Research cut shares of Cable One from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $1,282.20.

In related news, CEO Julia M. Laulis sold 662 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $1,255.32, for a total transaction of $831,021.84. Following the completion of the sale, the chief executive officer now directly owns 2,899 shares in the company, valued at approximately $3,639,172.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael E. Bowker sold 300 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,246.80, for a total value of $374,040.00. Following the sale, the chief operating officer now owns 1,718 shares of the company’s stock, valued at $2,142,002.40. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Cable One Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.

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

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