Cable One Inc. (CABO) Position Maintained by Northwestern Mutual Investment Management Company LLC
Northwestern Mutual Investment Management Company LLC continued to hold its stake in shares of Cable One Inc. (NYSE:CABO) during the second quarter, Holdings Channel reports. The fund owned 763 shares of the company’s stock at the end of the second quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Cable One were worth $390,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. LS Investment Advisors LLC increased its stake in shares of Cable One by 67.7% in the second quarter. LS Investment Advisors LLC now owns 265 shares of the company’s stock worth $136,000 after buying an additional 107 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Cable One during the second quarter worth about $169,000. Savant Capital LLC bought a new stake in shares of Cable One during the second quarter worth about $215,000. Shelton Capital Management bought a new stake in shares of Cable One during the second quarter worth about $215,000. Finally, Jefferies Group LLC bought a new stake in shares of Cable One during the second quarter worth about $219,000. 69.46% of the stock is currently owned by hedge funds and other institutional investors.
Cable One Inc. (NYSE:CABO) opened at 578.34 on Thursday. Cable One Inc. has a 12-month low of $390.00 and a 12-month high of $578.78. The company has a 50 day moving average of $542.00 and a 200-day moving average of $496.50. The stock has a market cap of $3.31 billion, a P/E ratio of 34.02 and a beta of 0.30.
Cable One (NYSE:CABO) last announced its earnings results on Wednesday, August 3rd. The company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.19. Cable One had a return on equity of 23.07% and a net margin of 12.26%. The firm had revenue of $204.56 million for the quarter, compared to analyst estimates of $202.03 million. During the same quarter last year, the firm posted $3.67 EPS. The business’s revenue was up .9% on a year-over-year basis. Equities analysts forecast that Cable One Inc. will post $19.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Tuesday, August 16th were given a dividend of $1.50 per share. The ex-dividend date was Friday, August 12th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.04%. Cable One’s dividend payout ratio (DPR) is 35.27%.
A number of brokerages have recently issued reports on CABO. Zacks Investment Research downgraded shares of Cable One from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. TheStreet assumed coverage on shares of Cable One in a report on Wednesday, July 13th. They issued a “hold” rating on the stock.
About Cable One
Cable One, Inc is a provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It provides these broadband services to residential and business customers in approximately 40 cable systems covering over 400 cities and towns.
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