Point72 Hong Kong Ltd Reduces Position in Cable One, Inc. (NYSE:CABO)

Point72 Hong Kong Ltd decreased its holdings in shares of Cable One, Inc. (NYSE:CABO) by 35.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 929 shares of the company’s stock after selling 510 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Cable One were worth $329,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Versant Capital Management Inc grew its holdings 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 purchasing an additional 95 shares during the period. GAMMA Investing LLC grew its holdings in shares of Cable One by 964.3% in the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after purchasing an additional 135 shares during the period. Innealta Capital LLC purchased a new stake in shares of Cable One in the second quarter valued at about $65,000. EntryPoint Capital LLC grew its holdings in shares of Cable One by 27.7% in the first quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock valued at $109,000 after purchasing an additional 56 shares during the period. Finally, Covestor Ltd grew its holdings in shares of Cable One by 142.5% in the first quarter. Covestor Ltd now owns 291 shares of the company’s stock valued at $123,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their target price on shares of 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 assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $533.33.

Cable One Stock Up 0.7 %

CABO stock opened at $344.46 on Friday. The company’s 50 day moving average price is $361.19 and its 200 day moving average price is $377.13. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.81 and a current ratio of 1.81. Cable One, Inc. has a fifty-two week low of $313.15 and a fifty-two week high of $671.62. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.89 and a beta of 0.84.

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

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $11.80 annualized dividend and a yield of 3.43%. Cable One’s dividend payout ratio is currently 27.02%.

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.