XTX Topco Ltd Boosts Stock Holdings in Cable One, Inc. (NYSE:CABO)

XTX Topco Ltd boosted its stake in shares of Cable One, Inc. (NYSE:CABO) by 89.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,853 shares of the company’s stock after acquiring an additional 1,346 shares during the period. XTX Topco Ltd owned 0.05% of Cable One worth $1,010,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CABO. Versant Capital Management Inc grew its stake in Cable One by 452.4% during the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after acquiring an additional 95 shares in the last quarter. Principal Securities Inc. purchased a new position in Cable One during the fourth quarter valued at $53,000. GAMMA Investing LLC grew its stake in Cable One by 964.3% during the second quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after acquiring an additional 135 shares in the last quarter. Innealta Capital LLC purchased a new position in Cable One during the second quarter valued at $65,000. Finally, EntryPoint Capital LLC grew its stake in Cable One by 27.7% during the first quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock valued at $109,000 after acquiring an additional 56 shares in the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Stock Performance

Shares of NYSE:CABO opened at $341.85 on Friday. Cable One, Inc. has a 52 week low of $313.15 and a 52 week high of $671.62. The stock has a market capitalization of $1.92 billion, a P/E ratio of 7.83 and a beta of 0.84. The firm has a fifty day simple moving average of $362.62 and a two-hundred day simple moving average of $379.46. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.79.

Cable One (NYSE:CABO) last released its quarterly earnings results on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a return on equity of 11.69% and a net margin of 15.31%. The firm had revenue of $394.46 million for the quarter, compared to analysts’ expectations of $400.64 million. During the same period in the prior year, the firm posted $10.43 earnings per share. Cable One’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts expect that Cable One, Inc. will post 30.99 earnings per share for the current fiscal year.

Cable One Announces Dividend

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their target price on shares of 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 given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Cable One currently has an average rating of “Hold” and an average target price of $533.33.

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.