SG Americas Securities LLC Decreases Stock Holdings in Cable One, Inc. (NYSE:CABO)

SG Americas Securities LLC reduced its position in shares of Cable One, Inc. (NYSE:CABO) by 24.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 735 shares of the company’s stock after selling 244 shares during the period. SG Americas Securities LLC’s holdings in Cable One were worth $257,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cable One in the second quarter valued at $72,000. Sanctuary Advisors LLC purchased a new stake in Cable One in the second quarter valued at $546,000. Point72 Asset Management L.P. purchased a new stake in Cable One in the second quarter valued at $552,000. Creative Planning lifted its position in Cable One by 209.3% in the second quarter. Creative Planning now owns 3,532 shares of the company’s stock valued at $1,250,000 after acquiring an additional 2,390 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Cable One by 4,228.5% in the second quarter. AQR Capital Management LLC now owns 61,465 shares of the company’s stock valued at $21,436,000 after acquiring an additional 60,045 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Trading Up 0.6 %

NYSE CABO opened at $360.65 on Monday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market cap of $2.03 billion, a PE ratio of 8.26 and a beta of 0.84. Cable One, Inc. has a one year low of $311.28 and a one year high of $637.60. The firm’s fifty day moving average is $347.72 and its two-hundred day moving average is $365.93.

Cable One (NYSE:CABO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). The business had revenue of $394.46 million during the quarter, compared to analyst estimates of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 12.04%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.43 earnings per share. Analysts expect that Cable One, Inc. will post 30.99 earnings per share for the current year.

Cable One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a yield of 3.27%. Cable One’s dividend payout ratio is presently 27.02%.

Analysts Set New Price Targets

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