Deutsche Bank AG decreased its position in Cable One Inc (NYSE:CABO) by 47.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,049 shares of the company’s stock after selling 11,071 shares during the period. Deutsche Bank AG’s holdings in Cable One were worth $9,878,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Loeb Partners Corp bought a new position in Cable One in the fourth quarter valued at about $39,000. Hanseatic Management Services Inc. bought a new position in Cable One in the fourth quarter valued at about $106,000. First Hawaiian Bank boosted its holdings in Cable One by 512.0% in the fourth quarter. First Hawaiian Bank now owns 153 shares of the company’s stock valued at $125,000 after acquiring an additional 128 shares during the last quarter. Advisor Group Inc. boosted its holdings in Cable One by 26.6% in the fourth quarter. Advisor Group Inc. now owns 176 shares of the company’s stock valued at $145,000 after acquiring an additional 37 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cable One by 16.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 263 shares of the company’s stock valued at $216,000 after acquiring an additional 37 shares during the last quarter. Institutional investors and hedge funds own 79.12% of the company’s stock.
Several equities analysts have weighed in on CABO shares. B. Riley increased their target price on Cable One from $990.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $1,065.00 target price on the stock in a research note on Tuesday, March 5th. Raymond James reissued a “hold” rating on shares of Cable One in a research note on Thursday, February 28th. SunTrust Banks reissued a “hold” rating and issued a $905.00 target price on shares of Cable One in a research note on Thursday, February 28th. They noted that the move was a valuation call. Finally, KeyCorp reissued an “overweight” rating and issued a $1,115.00 target price (up previously from $1,025.00) on shares of Cable One in a research note on Thursday, February 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Cable One presently has an average rating of “Hold” and a consensus price target of $1,043.75.
NYSE:CABO opened at $1,025.15 on Thursday. Cable One Inc has a 1-year low of $597.40 and a 1-year high of $1,033.26. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 35.63 and a beta of 0.49.
Cable One (NYSE:CABO) last released its earnings results on Wednesday, February 27th. The company reported $7.34 earnings per share for the quarter, missing the consensus estimate of $8.04 by ($0.70). Cable One had a net margin of 15.36% and a return on equity of 22.44%. The company had revenue of $269.90 million during the quarter, compared to analyst estimates of $270.53 million. During the same period in the previous year, the company posted $5.20 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Research analysts anticipate that Cable One Inc will post 34.25 EPS for the current year.
In other Cable One news, major shareholder Donald Graham sold 6,900 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $926.14, for a total value of $6,390,366.00. Following the transaction, the insider now owns 18,194 shares of the company’s stock, valued at $16,850,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.
Cable One Company Profile
Cable One, Inc owns and operates cable systems that provide data, video, and voice services. The company offers residential data services, including WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home. It also provides residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, which comprise weather, shopping, and religious channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive electronic programming guide with parental controls.
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