Inspire Investing LLC Boosts Holdings in Cable One, Inc. (NYSE:CABO)

Inspire Investing LLC grew its position in Cable One, Inc. (NYSE:CABO) by 16.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,172 shares of the company’s stock after purchasing an additional 168 shares during the quarter. Inspire Investing LLC’s holdings in Cable One were worth $410,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Versant Capital Management Inc grew its stake in Cable One by 452.4% during the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after buying an additional 95 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Cable One during the second quarter worth about $45,000. GAMMA Investing LLC increased its holdings in shares of Cable One by 964.3% during the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after acquiring an additional 135 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Cable One in the 2nd quarter valued at approximately $65,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cable One in the 2nd quarter worth approximately $72,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their price target on shares of Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $533.33.

Cable One Price Performance

Shares of NYSE:CABO opened at $360.65 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.87. Cable One, Inc. has a twelve month low of $311.28 and a twelve month high of $637.60. The company’s 50 day moving average is $348.34 and its 200 day moving average is $367.07. The company has a market cap of $2.03 billion, a PE ratio of 8.26 and a beta of 0.84.

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

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 3.27%. The ex-dividend date was Tuesday, August 27th. Cable One’s dividend payout ratio (DPR) is 27.02%.

Cable One Company 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.