Cwm LLC Cuts Stock Position in Cable One, Inc. (NYSE:CABO)

Cwm LLC decreased its stake in shares of Cable One, Inc. (NYSE:CABO) by 48.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 182 shares of the company’s stock after selling 171 shares during the period. Cwm LLC’s holdings in Cable One were worth $64,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Raymond James Trust N.A. increased its stake in Cable One by 2.1% in the 2nd quarter. Raymond James Trust N.A. now owns 1,581 shares of the company’s stock valued at $560,000 after purchasing an additional 33 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Cable One by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 1,185 shares of the company’s stock worth $419,000 after purchasing an additional 41 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Cable One by 32.2% during the third quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock worth $69,000 after purchasing an additional 48 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Cable One by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 3,973 shares of the company’s stock worth $1,681,000 after purchasing an additional 51 shares in the last quarter. Finally, EntryPoint Capital LLC increased its position in shares of Cable One by 27.7% during the first quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock worth $109,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

CABO opened at $343.65 on Monday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.87. Cable One, Inc. has a 12-month low of $311.28 and a 12-month high of $618.44. The stock has a fifty day moving average of $344.83 and a 200-day moving average of $364.10. The firm has a market capitalization of $1.93 billion, a P/E ratio of 7.87 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 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 the consensus estimate of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 12.04%. Cable One’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the business earned $10.43 earnings per share. Equities analysts forecast that Cable One, Inc. will post 30.99 EPS for the current fiscal year.

Cable One Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.