Howard Financial Services LTD. Invests $265,000 in Cable One, Inc. (NYSE:CABO)

Howard Financial Services LTD. acquired a new stake in Cable One, Inc. (NYSE:CABO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 757 shares of the company’s stock, valued at approximately $265,000.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Cable One by 11.0% in the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after acquiring an additional 48,513 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in Cable One by 42.4% during the second 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 during the last quarter. Canada Pension Plan Investment Board lifted its stake in Cable One by 28.1% during the second quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock valued at $72,786,000 after purchasing an additional 45,115 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cable One by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company’s stock worth $47,788,000 after buying an additional 8,339 shares in the last quarter. Finally, Private Management Group Inc. grew its position in Cable One by 70.7% in the second quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after buying an additional 47,082 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price objective on Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Cable One presently has an average rating of “Hold” and an average price target of $533.33.

Cable One Stock Down 0.6 %

Shares of NYSE:CABO opened at $314.16 on Wednesday. The firm has a 50 day simple moving average of $356.93 and a 200 day simple moving average of $370.45. Cable One, Inc. has a 52 week low of $312.30 and a 52 week high of $671.62. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $1.77 billion, a PE ratio of 7.24 and a beta of 0.84.

Cable One (NYSE:CABO) last released its earnings results 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). The business had revenue of $394.46 million during the quarter, compared to analysts’ expectations of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 11.69%. Cable One’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.43 EPS. As a group, research analysts expect that Cable One, Inc. will post 30.99 earnings per share for the current year.

Cable One Dividend Announcement

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 $2.95 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 annualized dividend and a yield of 3.76%. Cable One’s dividend payout ratio is presently 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.