Teacher Retirement System of Texas cut its position in shares of Cable One Inc. (NYSE:CABO) by 56.1% during the second quarter, Holdings Channel reports. The institutional investor owned 694 shares of the company’s stock after selling 887 shares during the period. Teacher Retirement System of Texas’ holdings in Cable One were worth $355,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Steinberg Asset Management LLC purchased a new stake in Cable One during the first quarter valued at $1,359,000. A.R.T. Advisors LLC purchased a new stake in Cable One during the first quarter valued at $665,000. Jacobs Levy Equity Management Inc. purchased a new stake in Cable One during the first quarter valued at $8,786,000. Integre Asset Management LLC purchased a new stake in Cable One during the first quarter valued at $383,000. Finally, Goldman Sachs Group Inc. raised its stake in Cable One by 110.2% in the first quarter. Goldman Sachs Group Inc. now owns 20,272 shares of the company’s stock valued at $8,862,000 after buying an additional 10,630 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

Institutional Ownership by Quarter for Cable One (NYSE:CABO)

Shares of Cable One Inc. (NYSE:CABO) traded down 0.31% during midday trading on Wednesday, reaching $582.99. 867 shares of the company’s stock were exchanged. Cable One Inc. has a 12 month low of $390.00 and a 12 month high of $601.01. The stock has a market cap of $3.33 billion, a PE ratio of 34.30 and a beta of 0.28. The company’s 50 day moving average is $562.60 and its 200-day moving average is $511.12.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.19. The firm had revenue of $204.56 million for the quarter, compared to analysts’ expectations of $202.03 million. Cable One had a return on equity of 23.07% and a net margin of 12.26%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.67 EPS. Equities analysts forecast that Cable One Inc. will post $19.68 EPS for the current fiscal year.

A number of equities research analysts have commented on CABO shares. Zacks Investment Research lowered shares of Cable One from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet started coverage on shares of Cable One in a report on Wednesday, July 13th. They set a “hold” rating on the stock.

Cable One Company Profile

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.

5 Day Chart for NYSE:CABO

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