Bfsg LLC Boosts Stake in Cable One, Inc. (NYSE:CABO)

Bfsg LLC grew its holdings in Cable One, Inc. (NYSE:CABO) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 971 shares of the company’s stock after purchasing an additional 33 shares during the period. Bfsg LLC’s holdings in Cable One were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Jane Street Group LLC lifted its stake in Cable One by 880.9% during the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock worth $6,292,000 after acquiring an additional 13,354 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Cable One by 11.0% in the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after purchasing an additional 48,513 shares during the period. Nordea Investment Management AB purchased a new position in shares of Cable One in the first quarter valued at approximately $8,695,000. Private Management Group Inc. grew its holdings in shares of Cable One by 70.7% in the second quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock valued at $40,229,000 after purchasing an additional 47,082 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in Cable One during the 1st quarter worth approximately $7,068,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Cable One Stock Up 2.2 %

Shares of NYSE:CABO opened at $358.39 on Friday. Cable One, Inc. has a fifty-two week low of $311.28 and a fifty-two week high of $647.00. The firm’s 50 day moving average price is $349.23 and its 200 day moving average price is $367.13. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.87. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 8.21 and a beta of 0.84.

Cable One (NYSE:CABO) last released its quarterly earnings data 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 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 revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the firm posted $10.43 earnings per share. As a group, equities research analysts predict that Cable One, Inc. will post 30.99 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a $2.95 dividend. 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 3.29%. 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.