Cohen Klingenstein LLC held its position in shares of Cable One Inc. (NYSE:CABO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,790 shares of the company’s stock at the end of the third quarter. Cohen Klingenstein LLC owned about 0.07% of Cable One worth $2,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CABO. Legal & General Group Plc raised its position in shares of Cable One by 1.8% in the second quarter. Legal & General Group Plc now owns 507 shares of the company’s stock valued at $259,000 after buying an additional 9 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Cable One by 3.6% in the second quarter. Ameritas Investment Partners Inc. now owns 690 shares of the company’s stock valued at $353,000 after buying an additional 24 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Cable One by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 1,524 shares of the company’s stock valued at $890,000 after buying an additional 30 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Cable One by 3.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,244 shares of the company’s stock valued at $636,000 after buying an additional 39 shares during the period. Finally, Comerica Bank raised its position in shares of Cable One by 1.6% in the second quarter. Comerica Bank now owns 3,050 shares of the company’s stock valued at $1,591,000 after buying an additional 48 shares during the period. 69.83% of the stock is currently owned by institutional investors.

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

Cable One (NYSE:CABO) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $3.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.69 by $1.06. The business had revenue of $205.50 million for the quarter, compared to the consensus estimate of $203.48 million. Cable One had a net margin of 12.33% and a return on equity of 23.31%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $3.30 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Tuesday, November 15th will be issued a dividend of $1.50 per share. The ex-dividend date is Thursday, November 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.02%. Cable One’s dividend payout ratio (DPR) is presently 34.60%.

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Separately, Zacks Investment Research downgraded Cable One from a “hold” rating to a “sell” rating in a research note on Wednesday.

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.

5 Day Chart for NYSE:CABO

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