Private Advisor Group LLC Grows Holdings in Cable One Inc (CABO)

Private Advisor Group LLC grew its position in Cable One Inc (NYSE:CABO) by 172.5% during the third quarter, Holdings Channel reports. The fund owned 1,071 shares of the company’s stock after acquiring an additional 678 shares during the quarter. Private Advisor Group LLC’s holdings in Cable One were worth $946,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CABO. FMR LLC increased its stake in Cable One by 6,904.6% in the 2nd quarter. FMR LLC now owns 35,093 shares of the company’s stock worth $25,733,000 after acquiring an additional 34,592 shares during the last quarter. American Century Companies Inc. bought a new stake in Cable One in the 2nd quarter worth approximately $14,683,000. Canada Pension Plan Investment Board bought a new stake in Cable One in the 2nd quarter worth approximately $9,826,000. BTIM Corp. bought a new stake in Cable One in the 3rd quarter worth approximately $11,721,000. Finally, Hutchinson Capital Management CA bought a new stake in Cable One in the 2nd quarter worth approximately $8,708,000. 80.47% of the stock is currently owned by institutional investors and hedge funds.

In other Cable One news, CFO Steven Scott Cochran acquired 300 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The stock was bought at an average price of $873.13 per share, for a total transaction of $261,939.00. Following the acquisition, the chief financial officer now directly owns 1,219 shares in the company, valued at $1,064,345.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kenneth E. Johnson acquired 170 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The shares were acquired at an average price of $863.84 per share, with a total value of $146,852.80. Following the acquisition, the senior vice president now owns 741 shares in the company, valued at $640,105.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 570 shares of company stock valued at $495,116. 1.10% of the stock is owned by company insiders.

Shares of Cable One stock opened at $893.51 on Monday. The company has a market capitalization of $5.10 billion, a PE ratio of 41.35 and a beta of 0.26. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.08 and a quick ratio of 2.08. Cable One Inc has a one year low of $597.40 and a one year high of $924.31.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $6.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $7.84 by ($1.14). Cable One had a net margin of 25.08% and a return on equity of 22.03%. The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $267.53 million. During the same quarter in the previous year, the firm earned $5.48 EPS. Cable One’s revenue was up 5.7% compared to the same quarter last year. As a group, research analysts forecast that Cable One Inc will post 29.33 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Tuesday, November 20th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, November 19th. Cable One’s payout ratio is currently 37.02%.

A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $936.00 target price for the company in a report on Monday, October 15th. ValuEngine upgraded Cable One from a “hold” rating to a “buy” rating in a report on Monday, September 17th. B. Riley set a $860.00 target price on Cable One and gave the stock a “buy” rating in a report on Monday, August 13th. SunTrust Banks cut Cable One from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. Finally, Raymond James cut Cable One from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 19th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $845.67.

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Cable One Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.

Read More: Return on Investment (ROI)

Want to see what other hedge funds are holding CABO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cable One Inc (NYSE:CABO).

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

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