Cable One, Inc. (NYSE:CABO) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its stake in Cable One, Inc. (NYSE:CABO) by 49.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 392 shares of the company’s stock after selling 389 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cable One were worth $218,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CABO. Bfsg LLC purchased a new position in Cable One in the 4th quarter valued at about $28,000. Spire Wealth Management acquired a new position in shares of Cable One in the fourth quarter worth about $46,000. Principal Securities Inc. purchased a new position in Cable One in the fourth quarter valued at about $53,000. SRS Capital Advisors Inc. grew its stake in Cable One by 24.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 190 shares of the company’s stock valued at $106,000 after purchasing an additional 37 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in Cable One during the 3rd quarter worth approximately $195,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CABO shares. Moffett Nathanson upgraded 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. KeyCorp reduced their price objective on shares of Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Wells Fargo & Company dropped their target price on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research report on Friday, May 3rd. Finally, TD Cowen cut their target price on shares of Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $590.83.

Cable One Stock Up 0.2 %

Shares of NYSE:CABO opened at $348.31 on Wednesday. The company’s fifty day moving average is $374.29 and its two-hundred day moving average is $443.98. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.86 and a current ratio of 1.86. Cable One, Inc. has a 1-year low of $332.94 and a 1-year high of $749.00. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 7.98 and a beta of 0.83.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $8.11 earnings per share for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). Cable One had a net margin of 15.50% and a return on equity of 12.76%. The business had revenue of $404.30 million for the quarter, compared to the consensus estimate of $408.79 million. During the same period in the prior year, the company earned $9.62 EPS. Cable One’s quarterly revenue was down 4.2% on a year-over-year basis. Equities analysts anticipate that Cable One, Inc. will post 32.41 EPS for the current year.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were given a dividend of $2.95 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $11.80 dividend on an annualized basis and a yield of 3.39%. Cable One’s dividend payout ratio is currently 27.02%.

Insider Buying and Selling

In related news, Director Wallace R. Weitz bought 1,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of $369.98 per share, for a total transaction of $369,980.00. Following the completion of the purchase, the director now owns 4,565 shares of the company’s stock, valued at approximately $1,688,958.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

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.