Creative Planning Decreases Stock Position in Cable One, Inc. (NYSE:CABO)

Creative Planning cut its stake in shares of Cable One, Inc. (NYSE:CABO) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,361 shares of the company’s stock after selling 171 shares during the quarter. Creative Planning owned 0.06% of Cable One worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CABO. Versant Capital Management Inc increased its position in shares of Cable One by 452.4% in 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 during the period. Abich Financial Wealth Management LLC purchased a new position in Cable One during the 2nd quarter valued at about $45,000. GAMMA Investing LLC raised its position in Cable One by 964.3% during the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after purchasing an additional 135 shares during the last quarter. Innealta Capital LLC purchased a new stake in Cable One in the 2nd quarter worth approximately $65,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cable One in the 2nd quarter worth approximately $72,000. 89.92% of the stock is currently owned by institutional investors.

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 stock a “neutral” rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $533.33.

Cable One Price Performance

CABO opened at $341.56 on Friday. The firm has a market cap of $1.92 billion, a PE ratio of 7.70 and a beta of 0.84. The stock has a 50-day moving average price of $344.08 and a 200-day moving average price of $363.28. Cable One, Inc. has a 1 year low of $311.28 and a 1 year high of $618.44. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.81 and a quick ratio of 1.81.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing the consensus estimate of $10.36 by ($2.20). The firm had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 12.04%. Cable One’s revenue was down 7.0% on a year-over-year basis. During the same period last year, the business earned $10.43 EPS. Sell-side analysts predict that Cable One, Inc. will post 30.99 earnings per share for the current fiscal year.

Cable One Announces Dividend

The business also recently announced 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. This represents a $11.80 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Tuesday, August 27th. Cable One’s dividend payout ratio is currently 27.02%.

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.