GAMMA Investing LLC Acquires 48 Shares of Cable One, Inc. (NYSE:CABO)

GAMMA Investing LLC increased its stake in shares of Cable One, Inc. (NYSE:CABO) by 32.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 197 shares of the company’s stock after buying an additional 48 shares during the period. GAMMA Investing LLC’s holdings in Cable One were worth $69,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in shares of Cable One by 880.9% during the first quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock worth $6,292,000 after buying an additional 13,354 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Cable One by 11.0% in the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after purchasing an additional 48,513 shares during the period. Nordea Investment Management AB bought a new position in shares of Cable One in the 1st quarter worth $8,695,000. Private Management Group Inc. boosted its position in shares of Cable One by 70.7% in the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after purchasing an additional 47,082 shares during the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Cable One during the first quarter worth $7,068,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their target price on Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $533.33.

Cable One Stock Performance

Shares of Cable One stock opened at $356.00 on Wednesday. Cable One, Inc. has a 12 month low of $311.28 and a 12 month high of $671.62. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.87. The company has a market capitalization of $2.00 billion, a PE ratio of 8.15 and a beta of 0.84. The stock’s fifty day simple moving average is $350.98 and its 200 day simple moving average is $367.72.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a return on equity of 12.04% and a net margin of 15.31%. The business had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. During the same period in the prior year, the business earned $10.43 EPS. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, research analysts predict that Cable One, Inc. will post 30.99 EPS for the current year.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, August 27th. Cable One’s dividend payout ratio (DPR) is presently 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.