Quadrature Capital Ltd Trims Stock Holdings in Cable One, Inc. (NYSE:CABO)

Quadrature Capital Ltd reduced its stake in Cable One, Inc. (NYSE:CABO) by 38.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,531 shares of the company’s stock after selling 4,626 shares during the quarter. Quadrature Capital Ltd owned about 0.13% of Cable One worth $4,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CABO. Vanguard Group Inc. lifted its position in Cable One by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 441,665 shares of the company’s stock worth $245,826,000 after buying an additional 2,681 shares during the period. Virtu Financial LLC purchased a new position in Cable One during the fourth quarter worth about $755,000. Speece Thorson Capital Group Inc. lifted its position in Cable One by 27.6% during the fourth quarter. Speece Thorson Capital Group Inc. now owns 17,699 shares of the company’s stock worth $9,851,000 after buying an additional 3,823 shares during the period. Seven Eight Capital LP purchased a new position in Cable One during the fourth quarter worth about $427,000. Finally, Burgundy Asset Management Ltd. lifted its position in Cable One by 4.3% during the fourth quarter. Burgundy Asset Management Ltd. now owns 161,705 shares of the company’s stock worth $90,003,000 after buying an additional 6,608 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cable One

In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was purchased at an average price of $369.98 per share, for a total transaction of $369,980.00. Following the purchase, the director now directly owns 4,565 shares in the company, valued at $1,688,958.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Cable One Price Performance

CABO stock opened at $356.39 on Wednesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.86 and a current ratio of 1.86. Cable One, Inc. has a 1 year low of $332.94 and a 1 year high of $749.00. The firm has a market cap of $2.00 billion, a P/E ratio of 8.16 and a beta of 0.85. The stock has a 50-day simple moving average of $382.22 and a 200-day simple moving average of $456.62.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). Cable One had a net margin of 15.50% and a return on equity of 12.76%. The company had revenue of $404.30 million during the quarter, compared to analyst estimates of $408.79 million. During the same quarter last year, the business posted $9.62 EPS. Cable One’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Cable One, Inc. will post 32.41 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were paid a $2.95 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.31%. Cable One’s dividend payout ratio (DPR) is currently 27.02%.

Analyst Ratings Changes

Several research firms recently weighed in on CABO. Moffett Nathanson upgraded Cable One from a “neutral” rating to a “buy” rating and set a $615.00 target price on the stock in a research report on Tuesday, March 5th. Wells Fargo & Company cut their price objective on Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a report on Friday, May 3rd. TD Cowen cut their price objective on Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Finally, KeyCorp cut their price objective on Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $590.83.

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.