First Hawaiian Bank Has $417,000 Stock Holdings in Cable One, Inc. (NYSE:CABO)

First Hawaiian Bank decreased its stake in shares of Cable One, Inc. (NYSE:CABO) by 23.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 985 shares of the company’s stock after selling 301 shares during the period. First Hawaiian Bank’s holdings in Cable One were worth $417,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CABO. Bfsg LLC acquired a new stake in shares of Cable One during the fourth quarter worth $28,000. Spire Wealth Management bought a new position in Cable One during the fourth quarter worth about $46,000. Principal Securities Inc. acquired a new stake in Cable One in the 4th quarter worth about $53,000. SRS Capital Advisors Inc. boosted its holdings in Cable One by 43.0% in the 3rd quarter. SRS Capital Advisors Inc. now owns 153 shares of the company’s stock valued at $94,000 after purchasing an additional 46 shares during the period. Finally, Industrial Alliance Investment Management Inc. acquired a new position in shares of Cable One during the 3rd quarter worth approximately $195,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of $369.98 per share, for a total transaction of $369,980.00. Following the purchase, the director now owns 4,565 shares of the company’s stock, valued at $1,688,958.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

Cable One Price Performance

Cable One stock opened at $368.39 on Friday. The stock has a fifty day moving average of $380.84 and a 200-day moving average of $453.43. The stock has a market capitalization of $2.07 billion, a P/E ratio of 8.44 and a beta of 0.85. 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 52 week low of $332.94 and a 52 week high of $749.00.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, May 2nd. The company reported $8.11 EPS for the quarter, missing the consensus estimate of $10.78 by ($2.67). Cable One had a return on equity of 12.76% and a net margin of 15.50%. The business had revenue of $404.30 million for the quarter, compared to analyst estimates of $408.79 million. During the same period in the previous year, the firm posted $9.62 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. On average, sell-side analysts expect 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. Shareholders of record on Tuesday, May 28th were given a $2.95 dividend. The ex-dividend date was Friday, May 24th. This represents a $11.80 dividend on an annualized basis and a yield of 3.20%. Cable One’s dividend payout ratio is currently 27.02%.

Wall Street Analyst Weigh In

CABO has been the subject of several recent research reports. KeyCorp cut their price target on Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Moffett Nathanson raised Cable One from a “neutral” rating to a “buy” rating and set a $615.00 target price on the stock in a report on Tuesday, March 5th. TD Cowen decreased their price target on Cable One from $650.00 to $456.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Finally, Wells Fargo & Company cut their price objective on shares of Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $590.83.

Cable One Company 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.