Cable One, Inc. (NYSE:CABO) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. cut its holdings in shares of Cable One, Inc. (NYSE:CABO) by 48.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,436 shares of the company’s stock after selling 2,321 shares during the period. Bridges Investment Management Inc.’s holdings in Cable One were worth $862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CABO. Versant Capital Management Inc increased its position in Cable One by 452.4% during 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. purchased a new position in shares of Cable One in the 4th quarter valued at approximately $53,000. GAMMA Investing LLC boosted its stake in Cable One by 964.3% in the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock worth $53,000 after purchasing an additional 135 shares in the last quarter. Innealta Capital LLC purchased a new stake in Cable One during the 2nd quarter worth approximately $65,000. Finally, EntryPoint Capital LLC increased its stake in Cable One by 27.7% during the 1st quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock valued at $109,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

Shares of NYSE:CABO 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 current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.79. The company has a market cap of $1.92 billion, a PE ratio of 7.83 and a beta of 0.84. The company’s 50 day moving average is $362.62 and its 200 day moving average is $379.95.

Cable One (NYSE:CABO) last released its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share 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 return on equity of 11.69% and a net margin of 15.31%. The firm’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $10.43 EPS. On average, sell-side analysts forecast that Cable One, Inc. will post 30.99 EPS for the current year.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 payout ratio is currently 27.02%.

Wall Street Analyst Weigh In

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