Cable One, Inc. (NYSE:CABO) Stock Holdings Increased by DAVENPORT & Co LLC

DAVENPORT & Co LLC boosted its position in Cable One, Inc. (NYSE:CABOFree Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,789 shares of the company’s stock after buying an additional 2,403 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.53% of Cable One worth $16,680,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. bought a new stake in Cable One in the first quarter valued at about $58,000. Global Retirement Partners LLC grew its holdings in shares of Cable One by 51.9% during the third quarter. Global Retirement Partners LLC now owns 117 shares of the company’s stock valued at $71,000 after purchasing an additional 40 shares during the last quarter. Advisors Asset Management Inc. bought a new position in shares of Cable One during the first quarter valued at approximately $186,000. XTX Topco Ltd bought a new position in shares of Cable One during the first quarter valued at approximately $215,000. Finally, HighTower Advisors LLC bought a new position in shares of Cable One during the first quarter valued at approximately $214,000. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Cable One from $550.00 to $460.00 and set an “underweight” rating for the company in a report on Friday, February 23rd. Moffett Nathanson raised Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price target on the stock in a report on Tuesday, March 5th. Finally, KeyCorp decreased their target price on shares of Cable One from $1,110.00 to $900.00 and set an “overweight” rating for the company in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cable One presently has an average rating of “Hold” and a consensus target price of $643.60.

Get Our Latest Stock Analysis on Cable One

Cable One Price Performance

NYSE:CABO opened at $424.70 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94. The business’s 50-day moving average price is $472.47 and its 200 day moving average price is $536.38. Cable One, Inc. has a 52-week low of $405.75 and a 52-week high of $768.75. The firm has a market cap of $2.38 billion, a P/E ratio of 9.40 and a beta of 0.80.

Cable One (NYSE:CABOGet Free Report) last released its earnings results on Thursday, February 22nd. The company reported $10.66 EPS for the quarter, missing analysts’ consensus estimates of $12.86 by ($2.20). The business had revenue of $411.82 million during the quarter, compared to the consensus estimate of $417.66 million. Cable One had a return on equity of 13.65% and a net margin of 15.94%. As a group, sell-side analysts predict that Cable One, Inc. will post 43.36 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Friday, February 16th. Cable One’s dividend payout ratio is 26.12%.

Insider Activity

In other news, insider Christopher D. Boone sold 204 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the completion of the sale, the insider now directly owns 1,854 shares of the company’s stock, valued at $852,840. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by company insiders.

About Cable One

(Free Report)

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.

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

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