Canada Pension Plan Investment Board Grows Stock Holdings in Cable One, Inc. (NYSE:CABO)

Canada Pension Plan Investment Board increased its stake in Cable One, Inc. (NYSE:CABO) by 28.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 205,611 shares of the company’s stock after buying an additional 45,115 shares during the period. Canada Pension Plan Investment Board owned 3.66% of Cable One worth $72,786,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Inspire Investing LLC grew its stake in shares of Cable One by 18.1% in the second quarter. Inspire Investing LLC now owns 1,004 shares of the company’s stock worth $355,000 after acquiring an additional 154 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Cable One by 42.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock valued at $102,894,000 after purchasing an additional 86,581 shares in the last quarter. XTX Topco Ltd raised its holdings in Cable One by 89.3% in the second quarter. XTX Topco Ltd now owns 2,853 shares of the company’s stock worth $1,010,000 after buying an additional 1,346 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Cable One by 61.9% in the second quarter. Hsbc Holdings PLC now owns 4,193 shares of the company’s stock worth $1,474,000 after buying an additional 1,603 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of Cable One by 26.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,644 shares of the company’s stock valued at $582,000 after buying an additional 348 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Cable One Stock Down 1.5 %

Shares of Cable One stock opened at $341.80 on Friday. Cable One, Inc. has a twelve month low of $313.15 and a twelve 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 company’s 50 day moving average is $362.62 and its 200 day moving average is $379.95. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 7.83 and a beta of 0.84.

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 the consensus estimate of $10.36 by ($2.20). The firm had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 11.69%. Cable One’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $10.43 earnings per share. Research analysts anticipate that Cable One, Inc. will post 30.99 EPS for the current year.

Cable One Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were given a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $11.80 annualized dividend and a yield of 3.45%. Cable One’s payout ratio is presently 27.02%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $533.33.

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.