Cable One, Inc. (NYSE:CABO) Shares Purchased by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. raised its holdings in Cable One, Inc. (NYSE:CABO) by 31.4% during the second quarter, HoldingsChannel reports. The firm owned 3,811 shares of the company’s stock after buying an additional 911 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Cable One were worth $1,349,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CABO. Jane Street Group LLC boosted its stake in shares of Cable One by 880.9% in the first quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock valued at $6,292,000 after buying an additional 13,354 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cable One by 11.0% during the 1st 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 last quarter. Nordea Investment Management AB purchased a new stake in shares of Cable One in the 1st quarter worth about $8,695,000. Norges Bank acquired a new stake in Cable One in the 4th quarter valued at about $35,195,000. Finally, Jump Financial LLC increased its holdings in Cable One by 115.3% during the 4th quarter. Jump Financial LLC now owns 3,972 shares of the company’s stock valued at $2,211,000 after acquiring an additional 2,127 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price target on shares of Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cable One presently has an average rating of “Hold” and a consensus target price of $533.33.

Cable One Price Performance

Cable One stock traded down $9.12 during midday trading on Monday, reaching $352.72. 78,300 shares of the company were exchanged, compared to its average volume of 109,249. The firm’s 50-day simple moving average is $363.60 and its 200-day simple moving average is $391.79. Cable One, Inc. has a 1 year low of $318.68 and a 1 year high of $671.62. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.08 and a beta of 0.83. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.81 and a current ratio of 1.81.

Cable One (NYSE:CABO) last released its quarterly earnings results 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). The firm had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. Cable One had a return on equity of 11.69% and a net margin of 15.31%. Cable One’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $10.43 earnings per share. On average, analysts anticipate that Cable One, Inc. will post 30.99 EPS for the current year.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be paid a $2.95 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $11.80 annualized dividend and a yield of 3.35%. Cable One’s 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.