Federated Hermes Inc. Sells 616 Shares of Cable One, Inc. (NYSE:CABO)

Federated Hermes Inc. trimmed its stake in shares of Cable One, Inc. (NYSE:CABO) by 28.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,556 shares of the company’s stock after selling 616 shares during the period. Federated Hermes Inc.’s holdings in Cable One were worth $551,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Cable One by 16.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company’s stock worth $61,435,000 after buying an additional 15,907 shares during the last quarter. Norges Bank acquired a new position in Cable One during the fourth quarter valued at approximately $35,195,000. Corient Private Wealth LLC increased its stake in Cable One by 36.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,265 shares of the company’s stock valued at $704,000 after purchasing an additional 337 shares in the last quarter. Trexquant Investment LP acquired a new stake in Cable One in the fourth quarter worth $1,724,000. Finally, Hsbc Holdings PLC boosted its position in shares of Cable One by 317.4% during the fourth quarter. Hsbc Holdings PLC now owns 3,510 shares of the company’s stock worth $1,947,000 after purchasing an additional 2,669 shares in the last quarter. 89.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cable One Trading Down 0.0 %

CABO opened at $341.68 on Tuesday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 7.82 and a beta of 0.84. 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, Inc. has a twelve month low of $313.15 and a twelve month high of $671.62. The company has a 50-day simple moving average of $362.58 and a 200 day simple moving average of $378.33.

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

Cable One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were given a dividend of $2.95 per share. The ex-dividend date of this dividend 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 currently 27.02%.

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.