Wallace Capital Management Inc. Has $15.46 Million Stock Holdings in Cable One, Inc. (NYSE:CABO)

Wallace Capital Management Inc. decreased its holdings in shares of Cable One, Inc. (NYSE:CABO) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,683 shares of the company’s stock after selling 446 shares during the quarter. Cable One makes up about 2.0% of Wallace Capital Management Inc.’s holdings, making the stock its 11th biggest position. Wallace Capital Management Inc.’s holdings in Cable One were worth $15,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CABO. Raymond James Trust N.A. increased its holdings in shares of Cable One by 2.1% during the 2nd quarter. Raymond James Trust N.A. now owns 1,581 shares of the company’s stock valued at $560,000 after acquiring an additional 33 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Cable One by 3.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 1,185 shares of the company’s stock valued at $419,000 after acquiring an additional 41 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Cable One by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 3,973 shares of the company’s stock valued at $1,681,000 after acquiring an additional 51 shares during the last quarter. EntryPoint Capital LLC increased its holdings in shares of Cable One by 27.7% during the 1st quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock valued at $109,000 after acquiring an additional 56 shares during the last quarter. Finally, Mission Wealth Management LP increased its holdings in shares of Cable One by 9.0% during the 1st quarter. Mission Wealth Management LP now owns 978 shares of the company’s stock valued at $414,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased 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 research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $533.33.

Cable One Trading Up 2.6 %

CABO stock opened at $353.56 on Monday. The business has a fifty day moving average price of $361.11 and a 200 day moving average price of $375.15. Cable One, Inc. has a fifty-two week low of $313.15 and a fifty-two week high of $671.62. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 8.10 and a beta of 0.84. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.81 and a quick ratio of 1.81.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, August 1st. The company reported $8.16 earnings per share 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 11.69%. 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 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. Analysts expect that Cable One, Inc. will post 30.99 EPS for the current fiscal year.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were paid a $2.95 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 annualized dividend and a dividend yield of 3.34%. Cable One’s dividend payout ratio (DPR) is currently 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.