Janus Henderson Group PLC reduced its holdings in shares of Cable One Inc (NYSE:CABO) by 34.5% during the second quarter, HoldingsChannel reports. The firm owned 115,545 shares of the company’s stock after selling 60,770 shares during the period. Janus Henderson Group PLC’s holdings in Cable One were worth $84,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Millennium Management LLC acquired a new stake in shares of Cable One in the 4th quarter worth approximately $375,000. Alps Advisors Inc. acquired a new stake in shares of Cable One in the 1st quarter worth approximately $462,000. Copeland Capital Management LLC acquired a new stake in shares of Cable One in the 1st quarter worth approximately $11,310,000. Chicago Equity Partners LLC lifted its stake in shares of Cable One by 7.8% in the 1st quarter. Chicago Equity Partners LLC now owns 2,640 shares of the company’s stock worth $1,814,000 after acquiring an additional 190 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Cable One by 7.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 28,192 shares of the company’s stock worth $19,372,000 after acquiring an additional 1,956 shares during the period. 78.41% of the stock is currently owned by hedge funds and other institutional investors.
In related news, major shareholder Donald Graham sold 4,316 shares of the stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $662.60, for a total transaction of $2,859,781.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Katharine Weymouth sold 254 shares of the stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $834.30, for a total transaction of $211,912.20. Following the sale, the director now directly owns 255 shares of the company’s stock, valued at $212,746.50. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
A number of analysts have recently weighed in on the stock. B. Riley assumed coverage on shares of Cable One in a research note on Friday, June 22nd. They issued a “buy” rating and a $840.00 price target for the company. ValuEngine raised shares of Cable One from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Zacks Investment Research lowered shares of Cable One from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, KeyCorp assumed coverage on shares of Cable One in a research note on Wednesday, May 16th. They issued an “equal weight” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $821.00.
Shares of NYSE:CABO opened at $833.54 on Wednesday. The company has a market capitalization of $4.78 billion, a PE ratio of 32.23 and a beta of 0.29. Cable One Inc has a twelve month low of $597.40 and a twelve month high of $845.35. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.61.
Cable One (NYSE:CABO) last released its earnings results on Thursday, August 9th. The company reported $7.65 EPS for the quarter, missing the consensus estimate of $7.97 by ($0.32). Cable One had a net margin of 24.78% and a return on equity of 22.84%. The business had revenue of $268.40 million for the quarter, compared to analyst estimates of $265.76 million. During the same period in the prior year, the company earned $4.97 earnings per share. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. equities analysts forecast that Cable One Inc will post 30.67 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Tuesday, August 21st will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, August 20th. This is a positive change from Cable One’s previous quarterly dividend of $1.75. This represents a $8.00 annualized dividend and a yield of 0.96%. Cable One’s dividend payout ratio is currently 37.02%.
About Cable One
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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