AlphaMark Advisors LLC Invests $295,000 in Cable One, Inc. (NYSE:CABO)

AlphaMark Advisors LLC bought a new stake in shares of Cable One, Inc. (NYSE:CABO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 844 shares of the company’s stock, valued at approximately $295,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Cable One by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 441,665 shares of the company’s stock worth $245,826,000 after purchasing an additional 2,681 shares in the last quarter. Alaska Permanent Fund Corp bought a new position in shares of Cable One in the first quarter worth about $831,000. State of Michigan Retirement System raised its stake in shares of Cable One by 9.4% in the first quarter. State of Michigan Retirement System now owns 1,159 shares of the company’s stock worth $490,000 after buying an additional 100 shares during the period. Principal Financial Group Inc. lifted its position in shares of Cable One by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 57,448 shares of the company’s stock valued at $24,308,000 after buying an additional 1,666 shares in the last quarter. Finally, Mission Wealth Management LP grew its stake in shares of Cable One by 9.0% during the 1st quarter. Mission Wealth Management LP now owns 978 shares of the company’s stock valued at $414,000 after acquiring an additional 81 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Cable One Stock Up 0.6 %

NYSE CABO opened at $360.65 on Friday. Cable One, Inc. has a 12 month low of $311.28 and a 12 month high of $637.60. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.87. The stock has a market cap of $2.03 billion, a PE ratio of 8.26 and a beta of 0.84. The stock’s 50 day moving average is $348.34 and its 200 day moving average is $367.07.

Cable One (NYSE:CABO) last released its earnings results on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing the consensus estimate of $10.36 by ($2.20). The company had revenue of $394.46 million during the quarter, compared to analysts’ expectations of $400.64 million. Cable One had a return on equity of 12.04% and a net margin of 15.31%. Cable One’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the firm posted $10.43 EPS. Research analysts predict that Cable One, Inc. will post 30.99 EPS for the current fiscal year.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were given a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.27%. Cable One’s payout ratio is 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.