Cable One, Inc. (NYSE:CABO) Position Trimmed by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in shares of Cable One, Inc. (NYSE:CABO) by 25.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,900 shares of the company’s stock after selling 19,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.98% of Cable One worth $19,435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc grew its stake in shares of Cable One by 452.4% in the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after buying an additional 95 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Cable One in the 4th quarter valued at approximately $53,000. GAMMA Investing LLC grew its stake in shares of Cable One by 964.3% in the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after buying an additional 135 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Cable One in the 2nd quarter valued at approximately $65,000. Finally, EntryPoint Capital LLC grew its stake in shares of Cable One by 27.7% in the 1st quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock valued at $109,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Trading Down 1.5 %

Shares of CABO stock opened at $341.80 on Friday. Cable One, Inc. has a 12 month low of $313.15 and a 12 month high of $671.62. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.79. The business’s 50 day moving average is $362.62 and its two-hundred day moving average is $379.95. The company has a market cap of $1.92 billion, a PE ratio of 7.83 and a beta of 0.84.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.69%. The company had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. During the same quarter last year, the business earned $10.43 EPS. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. Equities analysts predict that Cable One, Inc. will post 30.99 EPS for the current year.

Cable One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were given 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 is 27.02%.

Analyst Upgrades and Downgrades

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

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.