Creative Planning Trims Stock Position in Cable One, Inc. (NYSE:CABO)

Creative Planning decreased its holdings in Cable One, Inc. (NYSE:CABO) by 4.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,361 shares of the company’s stock after selling 171 shares during the quarter. Creative Planning’s holdings in Cable One were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in CABO. Inspire Investing LLC lifted its position in Cable One by 16.7% during the third quarter. Inspire Investing LLC now owns 1,172 shares of the company’s stock valued at $410,000 after purchasing an additional 168 shares in the last quarter. Howard Financial Services LTD. bought a new position in shares of Cable One during the 3rd quarter valued at approximately $265,000. GAMMA Investing LLC increased its holdings in Cable One by 32.2% in the 3rd quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock worth $69,000 after acquiring an additional 48 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cable One during the 2nd quarter worth approximately $72,000. Finally, Sanctuary Advisors LLC purchased a new position in Cable One during the second quarter valued at approximately $546,000. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Cable One Trading Up 1.4 %

Shares of CABO opened at $341.56 on Friday. The firm has a market cap of $1.92 billion, a P/E ratio of 7.70 and a beta of 0.84. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.81 and a quick ratio of 1.81. Cable One, Inc. has a 1 year low of $311.28 and a 1 year high of $618.44. The company has a 50 day simple moving average of $344.08 and a two-hundred day simple moving average of $363.28.

Cable One (NYSE:CABO) last announced its quarterly 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 company had revenue of $394.46 million during the quarter, compared to the consensus estimate of $400.64 million. During the same quarter in the prior year, the firm posted $10.43 earnings per share. The business’s revenue was down 7.0% on a year-over-year basis. On average, equities analysts expect that Cable One, Inc. will post 30.99 earnings per share 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 issued a $2.95 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 annualized dividend and a dividend yield of 3.45%. 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.