Brown Brothers Harriman & Co. Purchases 100 Shares of Cable One, Inc. (NYSE:CABO)

Brown Brothers Harriman & Co. lifted its stake in shares of Cable One, Inc. (NYSE:CABO) by 13.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 850 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Cable One were worth $301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC raised its position in Cable One by 880.9% during the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock valued at $6,292,000 after purchasing an additional 13,354 shares during the last quarter. Vanguard Group Inc. boosted its stake in Cable One by 11.0% during 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 last quarter. Nordea Investment Management AB purchased a new stake in Cable One during the 1st quarter valued at $8,695,000. Norges Bank purchased a new stake in Cable One during the 4th quarter valued at $35,195,000. Finally, Kingsview Wealth Management LLC purchased a new stake in Cable One during the 1st quarter valued at $7,068,000. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cable One Trading Up 3.0 %

CABO opened at $346.45 on Thursday. Cable One, Inc. has a one year low of $313.15 and a one year high of $671.62. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 7.93 and a beta of 0.84. The stock’s 50 day moving average price is $362.00 and its 200-day moving average price is $381.15. 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 (NYSE:CABO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.69%. The business had revenue of $394.46 million for the quarter, compared to analysts’ expectations of $400.64 million. During the same quarter in the prior year, the company posted $10.43 EPS. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities analysts forecast that Cable One, Inc. will post 30.99 EPS for the current year.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors 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 dividend on an annualized basis and a yield of 3.41%. 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.