Inspire Investing LLC Grows Stock Position in Cable One, Inc. (NYSE:CABO)

Inspire Investing LLC raised its position in Cable One, Inc. (NYSE:CABO) by 18.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,004 shares of the company’s stock after purchasing an additional 154 shares during the period. Inspire Investing LLC’s holdings in Cable One were worth $355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CABO. Versant Capital Management Inc raised its position in shares of Cable One by 452.4% in the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after buying an additional 95 shares during the last quarter. Principal Securities Inc. acquired a new stake in Cable One during the fourth quarter worth approximately $53,000. GAMMA Investing LLC grew its stake in Cable One by 964.3% in the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after acquiring an additional 135 shares during the period. Innealta Capital LLC acquired a new position in Cable One in the 2nd quarter valued at $65,000. Finally, EntryPoint Capital LLC lifted its stake in shares of Cable One by 27.7% during the 1st quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock worth $109,000 after purchasing an additional 56 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price objective on Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $533.33.

Cable One Stock Performance

Shares of CABO stock opened at $341.85 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 7.83 and a beta of 0.84. Cable One, Inc. has a one year low of $313.15 and a one year high of $671.62. The company has a 50 day moving average price of $362.62 and a 200 day moving average price of $379.46.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.36 by ($2.20). The company had revenue of $394.46 million for the quarter, compared to analysts’ expectations of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 11.69%. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $10.43 earnings per share. Sell-side analysts anticipate that Cable One, Inc. will post 30.99 EPS for the current year.

Cable One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a $2.95 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.45%. Cable One’s dividend payout ratio (DPR) is 27.02%.

Cable One Profile

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.