Family Firm Inc. Makes New $145,000 Investment in Cable One, Inc. (NYSE:CABO)

Family Firm Inc. purchased a new position in shares of Cable One, Inc. (NYSE:CABO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 410 shares of the company’s stock, valued at approximately $145,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after buying an additional 48,513 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Cable One by 11.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company’s stock valued at $149,447,000 after purchasing an additional 27,635 shares during the period. Burgundy Asset Management Ltd. increased its holdings in shares of Cable One by 26.2% in the first quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company’s stock valued at $86,353,000 after purchasing an additional 42,376 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Cable One by 1,906.2% in the first quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock valued at $67,911,000 after purchasing an additional 152,496 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Cable One by 16.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company’s stock valued at $61,435,000 after purchasing an additional 15,907 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CABO. JPMorgan Chase & Co. boosted their target price on Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. TD Cowen dropped their target price on Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Finally, Wells Fargo & Company dropped their target price on Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Cable One has a consensus rating of “Hold” and a consensus target price of $533.33.

Cable One Price Performance

Shares of Cable One stock traded up $15.31 during trading on Friday, reaching $350.28. The company’s stock had a trading volume of 53,072 shares, compared to its average volume of 110,153. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.86. Cable One, Inc. has a 12-month low of $318.68 and a 12-month high of $671.62. The company has a market capitalization of $1.97 billion, a P/E ratio of 8.02 and a beta of 0.83. The business has a 50 day moving average price of $363.79 and a 200-day moving average price of $397.99.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.84%. The company had revenue of $394.46 million during the quarter, compared to analysts’ expectations of $400.64 million. During the same quarter in the prior year, the company earned $10.43 earnings per share. The firm’s revenue was down 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cable One, Inc. will post 32.21 EPS for the current year.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be given a $2.95 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $11.80 annualized dividend and a dividend yield of 3.37%. Cable One’s dividend payout ratio is currently 27.02%.

About 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.