Bfsg LLC Invests $28,000 in Cable One, Inc. (NYSE:CABO)

Bfsg LLC bought a new position in shares of Cable One, Inc. (NYSE:CABO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chartwell Investment Partners LLC increased its holdings in Cable One by 37.8% in the third quarter. Chartwell Investment Partners LLC now owns 4,324 shares of the company’s stock valued at $2,662,000 after purchasing an additional 1,187 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Cable One by 8.8% in the fourth quarter. DAVENPORT & Co LLC now owns 29,789 shares of the company’s stock valued at $16,680,000 after acquiring an additional 2,403 shares during the period. Burgundy Asset Management Ltd. grew its stake in Cable One by 24.8% in the third quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company’s stock valued at $95,484,000 after acquiring an additional 30,831 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Cable One by 4.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 240,869 shares of the company’s stock valued at $148,289,000 after acquiring an additional 10,521 shares during the period. Finally, Westfield Capital Management Co. LP grew its stake in Cable One by 12.9% in the third quarter. Westfield Capital Management Co. LP now owns 65,140 shares of the company’s stock valued at $40,103,000 after acquiring an additional 7,444 shares during the period. Institutional investors own 89.92% of the company’s stock.

Cable One Stock Up 0.3 %

CABO stock opened at $388.54 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $2.18 billion, a P/E ratio of 8.60 and a beta of 0.80. The business has a 50-day moving average of $429.81 and a 200-day moving average of $511.34. Cable One, Inc. has a fifty-two week low of $373.37 and a fifty-two week high of $768.75.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $10.66 earnings per share for the quarter, missing the consensus estimate of $12.86 by ($2.20). The firm had revenue of $411.82 million for the quarter, compared to analyst estimates of $417.66 million. Cable One had a return on equity of 13.65% and a net margin of 15.94%. On average, sell-side analysts anticipate that Cable One, Inc. will post 43.36 earnings per share for the current fiscal year.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a dividend of $2.95 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $11.80 annualized dividend and a yield of 3.04%. Cable One’s dividend payout ratio (DPR) is presently 26.12%.

Wall Street Analysts Forecast Growth

CABO has been the subject of a number of research analyst reports. KeyCorp decreased their target price on Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Moffett Nathanson raised Cable One from a “neutral” rating to a “buy” rating and set a $615.00 target price for the company in a research note on Tuesday, March 5th. Finally, Wells Fargo & Company decreased their target price on Cable One from $460.00 to $400.00 and set an “underweight” rating for the company in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $627.80.

Insider Activity at Cable One

In related news, insider Christopher D. Boone sold 204 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total transaction of $93,840.00. Following the completion of the transaction, the insider now directly owns 1,854 shares of the company’s stock, valued at $852,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

About Cable One

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.