Retirement Systems of Alabama decreased its position in shares of Cable One, Inc. (NYSE:CABO) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 16,348 shares of the company’s stock after selling 8 shares during the period. Retirement Systems of Alabama’s holdings in Cable One were worth $11,622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Cable One by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock valued at $192,000 after buying an additional 8 shares during the period. Liberty Mutual Group Asset Management Inc. increased its position in shares of Cable One by 0.4% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 2,116 shares of the company’s stock valued at $1,322,000 after buying an additional 8 shares during the period. World Asset Management Inc increased its position in shares of Cable One by 4.3% in the second quarter. World Asset Management Inc now owns 338 shares of the company’s stock valued at $240,000 after buying an additional 14 shares during the period. Capstone Asset Management Co. increased its position in shares of Cable One by 3.1% in the first quarter. Capstone Asset Management Co. now owns 573 shares of the company’s stock valued at $358,000 after buying an additional 17 shares during the period. Finally, Sei Investments Co. increased its position in shares of Cable One by 3.1% in the second quarter. Sei Investments Co. now owns 638 shares of the company’s stock valued at $453,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 74.14% of the company’s stock.

Cable One, Inc. (CABO) opened at 728.38 on Friday. Cable One, Inc. has a one year low of $527.75 and a one year high of $788.00. The company has a 50-day moving average of $736.07 and a 200 day moving average of $679.26. The company has a market cap of $4.17 billion, a P/E ratio of 39.10 and a beta of 0.30.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing analysts’ consensus estimates of $5.10 by $0.13. The firm had revenue of $241 million during the quarter, compared to analyst estimates of $247.02 million. Cable One had a net margin of 12.44% and a return on equity of 22.83%. The business’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.62 EPS. Equities research analysts predict that Cable One, Inc. will post $20.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a $1.75 dividend. The ex-dividend date is Friday, August 11th. This represents a $7.00 dividend on an annualized basis and a yield of 0.96%. This is a boost from Cable One’s previous quarterly dividend of $1.50. Cable One’s dividend payout ratio (DPR) is currently 32.21%.

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Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “buy” rating and set a $837.00 target price on the stock in a report on Thursday. Raymond James Financial, Inc. lifted their target price on shares of Cable One from $785.00 to $815.00 and gave the stock an “outperform” rating in a report on Wednesday. TheStreet upgraded shares of Cable One from a “c” rating to a “b-” rating in a report on Monday, June 12th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Cable One in a report on Tuesday, April 18th. They issued a “buy” rating and a $715.00 target price on the stock. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $693.75.

In other Cable One news, major shareholder Donald Graham sold 4,100 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $716.05, for a total value of $2,935,805.00. Following the completion of the sale, the insider now owns 246,985 shares in the company, valued at $176,853,609.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Eric Michael Lardy sold 322 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $725.00, for a total transaction of $233,450.00. Following the completion of the sale, the senior vice president now owns 2,542 shares of the company’s stock, valued at approximately $1,842,950. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,022 shares of company stock valued at $6,483,807. Corporate insiders own 1.30% of the company’s stock.

About Cable One

Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.

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

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