Heartland Advisors Inc. Acquires New Stake in Cable One, Inc. (NYSE:CABO)

Financial Advisors

Heartland Advisors Inc. earned new status for Cable One, Inc. (NYSE: CABO – Get Rating) in the fourth quarter, according to its latest disclosure to the Securities and Exchange Commission. The company acquired 6,846 shares of the company stock valued at approximately $4,873,000. Heartland Advisors Inc. owned his 0.12% stake in Cable One at the end of the most recent quarter.

Many other large investors have also recently changed their stock positions. Lam Group Inc. bought a new position in Cable One shares in the fourth quarter for $36,000. Wipfli Financial Advisors LLC purchased a new position in Cable One for approximately $38,000 in the third quarter. First Horizon Advisors Inc. increased its shares in Cable One by 218.8% in the third quarter. First Horizon Advisors Inc. now owns 51 shares of the company worth $43,000 after purchasing an additional 35 shares during this period. Parallel Advisors LLC increased its stake in Cable One by 39.1% in the fourth quarter. Parallel Advisors LLC now owns 64 of his shares worth $46,000 after purchasing an additional 18 of his shares last quarter. Finally, 1832 Asset Management LP purchased approximately $58,000 worth of new Cable One stock in the first quarter. 90.08% of the shares are owned by institutional investors.

Cable One shares drop 4.0%

CABO shares opened at $693.98 on Friday. The company has a debt to equity ratio of 2.13, a quick ratio of 1.42 and a current ratio of 1.42. Cable One, Inc. has a 52-week low of $609.85 and a 52-week high of $1,464.20. The company has a market capitalization of $3.96 billion, a PE ratio of 19.22 and a beta of 0.83. The stock has a 50-day simple moving average of $682.06 and a 200-day simple moving average of $724.53.

Cable One (NYSE: CABO – Get Rating) last reported quarterly results on Thursday, May 4. The company reported his earnings per share (EPS) for the quarter at $9.62, falling short of analyst consensus expectations of $14.40 ($4.78). The business earned him $421.9 million in the quarter, while analysts expected him to make $420.66 million. Cable One’s return on equity was 19.71% and net profit margin was 13.72%. The business’ quarterly revenues were down 1.1% compared to the same quarter last year. Earnings per share in the year-ago quarter were $26.85. Equity analysts expect Cable One, Inc. to post earnings per share of 58.84 this year.

Notice of Cable One Dividend

The business recently announced a quarterly dividend, which was paid out on Friday, March 10th. Shareholders of record on Tuesday, February 21 were awarded a dividend of $2.85 per share. This represents his $11.40 dividend and his 1.64% yield on an annualized basis. The ex-dividend date was Friday, February 17. Cable One’s payout ratio is currently 31.57%.

Analyst sets new price target

Recently, a number of equity analysts have focused their attention on CABO stock. KeyCorp lowered its price target on Cable One’s stock from $1,300.00 to $1,275.00 in its report on Friday, February 24 and set the company’s rating to “overweight.” StockNews.com began reporting on Cable One’s shares in a research note on Thursday, March 16. They put a “Hold” rating on the stock. In his Friday, Feb. 24 report, Cowen said he lowered his price target on Cable One shares from $1,050.00 to $950.00, setting a “market execution” rating for the company. Wells Fargo & Company lowered its Cable One price target from $680.00 to $670.00 in a report on Friday. Finally, JPMorgan Chase & Co. lowered its price target on Cable One stock from $800.00 to $785.00 in its research notes on Monday, February 27, giving the stock a Neutral rating. One research analyst gave a sell rating, three assigned a hold rating, and three gave a buy rating to the company’s shares. Based on MarketBeat data, the company’s current consensus valuation is “Hold” with a consensus target price of $1,104.29.

Insider trading on Cable One

In other news, insider Christopher D. Boone sold 250 shares of the company’s stock in a transaction that took place on Tuesday, March 21st. The shares sold for an average of $650.00 and the total transaction value he was $162,500.00. After the sale, insiders now own 1,392 shares of the company worth approximately $904,800. The sale was disclosed in filings with the Securities and Exchange Commission, available on his website at the SEC. In another Cable One news, his insider, Christopher D. Boone, sold 250 shares of the company’s stock in a transaction that took place on Tuesday, March 21st. The shares were sold at an average price of $650.00 for a total of $162,500.00. After the sale, insiders now directly own 1,392 shares of the company’s stock valued at $904,800. The sale is disclosed in filings with the SEC, which can be accessed on his website. In addition, director Thomas Sinixson Gaynor purchased 100 shares of the company’s stock in a transaction that occurred on Monday, March 6. Shares were purchased at an average price of $709.30 per share, with a total trading value of $70,930.00 for him. Post-purchase, the directors now own 2,420 shares of the company directly, valued at approximately $1,716,506. For disclosure of this purchase, please click here. A company insider owns his 1.20% of the company’s shares.

cable 1 profile

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Cable One, Inc. provides data, video and voice services to residential and business customers. The company, branded as Sparklight, offers consumers a suite of communications and entertainment services, including internet and wireless fiber solutions, cable TV and phone services.

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Cable One (NYSE:CABO) Quarterly Institutional Ownership

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