Lecap Asset Management Ltd. Buys New Stake in Cable One, Inc. (NYSE:CABO)

Lecap Asset Management Ltd. purchased a new position in Cable One, Inc. (NYSE:CABO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,556 shares of the company’s stock, valued at approximately $905,000.

Other hedge funds also recently bought and sold shares of the company. Bfsg LLC bought a new stake in shares of Cable One in the 4th quarter valued at approximately $28,000. Fifth Third Bancorp raised its stake in shares of Cable One by 87.5% in the first quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock valued at $32,000 after acquiring an additional 35 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Cable One by 452.4% in the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after acquiring an additional 95 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Cable One during the 4th quarter worth about $46,000. Finally, Principal Securities Inc. bought a new position in Cable One during the 4th quarter valued at about $53,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company cut their target price on Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a research note on Friday, May 3rd. TD Cowen lowered their target price on shares of Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $533.33.

Cable One Stock Down 0.9 %

Shares of CABO stock traded down $3.12 on Wednesday, hitting $349.33. The stock had a trading volume of 75,203 shares, compared to its average volume of 110,873. Cable One, Inc. has a one year low of $318.68 and a one year high of $671.62. The business has a 50 day moving average price of $364.69 and a 200 day moving average price of $399.88. The company has a market cap of $1.96 billion, a PE ratio of 7.98 and a beta of 0.83. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.86.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.84%. The business had revenue of $394.46 million for the quarter, compared to analysts’ expectations of $400.64 million. During the same period last year, the business posted $10.43 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. Research analysts anticipate that Cable One, Inc. will post 32.21 earnings per share for the current fiscal year.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be given a dividend of $2.95 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $11.80 annualized dividend and a yield of 3.38%. Cable One’s dividend payout ratio (DPR) is presently 27.02%.

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.