Cable One, Inc. (NYSE:CABO) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. reduced its position in Cable One, Inc. (NYSE:CABO) by 48.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,436 shares of the company’s stock after selling 2,321 shares during the quarter. Bridges Investment Management Inc.’s holdings in Cable One were worth $862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CABO. Versant Capital Management Inc grew its position in Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after buying an additional 95 shares during the period. Principal Securities Inc. purchased a new stake in shares of Cable One during the 4th quarter worth about $53,000. GAMMA Investing LLC grew its position in shares of Cable One by 964.3% during the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after acquiring an additional 135 shares during the period. Innealta Capital LLC purchased a new position in shares of Cable One in the 2nd quarter valued at about $65,000. Finally, EntryPoint Capital LLC raised its holdings in Cable One by 27.7% in the 1st quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock worth $109,000 after purchasing an additional 56 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised 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 analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cable One presently has a consensus rating of “Hold” and a consensus target price of $533.33.

Cable One Stock Down 1.5 %

CABO opened at $341.80 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.79. Cable One, Inc. has a twelve month low of $313.15 and a twelve month high of $671.62. The company has a market cap of $1.92 billion, a PE ratio of 7.83 and a beta of 0.84. The company has a 50-day moving average price of $362.62 and a 200 day moving average price of $379.95.

Cable One (NYSE:CABO) last announced its 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). The firm had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 11.69%. Cable One’s revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $10.43 EPS. Sell-side analysts expect that Cable One, Inc. will post 30.99 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 annualized dividend and a yield of 3.45%. Cable One’s dividend payout ratio (DPR) is presently 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.