Janus Henderson Group PLC Raises Stock Position in Cable One, Inc. (NYSE:CABO)

Janus Henderson Group PLC lifted its position in Cable One, Inc. (NYSE:CABO) by 18.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,537 shares of the company’s stock after purchasing an additional 11,950 shares during the period. Janus Henderson Group PLC owned 1.34% of Cable One worth $31,959,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Bfsg LLC bought a new stake in Cable One during the 4th quarter valued at $28,000. Fifth Third Bancorp lifted its stake in Cable One by 87.5% in the first quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock worth $32,000 after acquiring an additional 35 shares during the period. Spire Wealth Management purchased a new stake in Cable One in the fourth quarter worth about $46,000. Principal Securities Inc. bought a new position in Cable One during the 4th quarter worth about $53,000. Finally, SRS Capital Advisors Inc. increased its position in Cable One by 24.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 190 shares of the company’s stock valued at $106,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insiders Place Their Bets

In related news, Director Wallace R. Weitz acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average cost of $369.98 per share, with a total value of $369,980.00. Following the completion of the acquisition, the director now directly owns 4,565 shares of the company’s stock, valued at $1,688,958.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Cable One Stock Up 0.6 %

Shares of CABO traded up $2.27 during midday trading on Wednesday, hitting $412.30. 14,778 shares of the company’s stock traded hands, compared to its average volume of 112,143. Cable One, Inc. has a 1 year low of $318.68 and a 1 year high of $741.25. The firm’s fifty day moving average is $359.76 and its 200-day moving average is $416.62. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 9.36 and a beta of 0.83.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, May 2nd. The company reported $8.11 EPS for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). Cable One had a net margin of 15.50% and a return on equity of 12.76%. The business had revenue of $404.30 million during the quarter, compared to analysts’ expectations of $408.79 million. During the same quarter last year, the business posted $9.62 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cable One, Inc. will post 32.21 earnings per share for the current year.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th were given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 2.86%. The ex-dividend date was Friday, May 24th. Cable One’s dividend payout ratio is presently 27.02%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CABO shares. KeyCorp dropped their price objective on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. 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 research report on Friday, May 3rd. Finally, TD Cowen reduced their price target on Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Cable One currently has an average rating of “Hold” and a consensus target price of $590.83.

Cable One Company Profile

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.