GSA Capital Partners LLP acquired a new stake in shares of Cable One Inc (NYSE:CABO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 842 shares of the company’s stock, valued at approximately $617,000.

Several other hedge funds have also recently made changes to their positions in CABO. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cable One by 44.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 226 shares of the company’s stock valued at $166,000 after acquiring an additional 70 shares in the last quarter. Palisade Asset Management LLC purchased a new position in Cable One during the second quarter valued at $205,000. Levin Capital Strategies L.P. purchased a new position in Cable One during the second quarter valued at $220,000. Signition LP purchased a new position in Cable One during the second quarter valued at $244,000. Finally, BNP Paribas Arbitrage SA grew its stake in Cable One by 95.2% during the second quarter. BNP Paribas Arbitrage SA now owns 406 shares of the company’s stock valued at $298,000 after acquiring an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 78.41% of the company’s stock.

In other Cable One news, Director Katharine Weymouth sold 254 shares of Cable One stock in a transaction on Friday, August 31st. The shares were sold at an average price of $834.30, for a total value of $211,912.20. Following the completion of the transaction, the director now directly owns 255 shares of the company’s stock, valued at approximately $212,746.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Shares of NYSE:CABO opened at $865.09 on Friday. Cable One Inc has a 52 week low of $597.40 and a 52 week high of $873.25. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 33.05 and a beta of 0.30. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.03 and a quick ratio of 2.03.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, August 9th. The company reported $7.65 EPS for the quarter, missing analysts’ consensus estimates of $7.97 by ($0.32). Cable One had a return on equity of 22.84% and a net margin of 24.78%. The business had revenue of $268.40 million during the quarter, compared to analysts’ expectations of $265.76 million. During the same period in the previous year, the business earned $4.97 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. research analysts expect that Cable One Inc will post 30.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Tuesday, August 21st were paid a $2.00 dividend. This is a boost from Cable One’s previous quarterly dividend of $1.75. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Monday, August 20th. Cable One’s dividend payout ratio (DPR) is presently 37.02%.

Several research firms recently weighed in on CABO. ValuEngine raised shares of Cable One from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. B. Riley initiated coverage on shares of Cable One in a research note on Friday, June 22nd. They issued a “buy” rating and a $840.00 price objective for the company. Finally, Zacks Investment Research raised shares of Cable One from a “hold” rating to a “buy” rating and set a $868.00 price objective for the company in a research note on Monday, August 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $821.00.

Cable One Company Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.

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

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