Bfsg LLC Buys New Holdings in Cable One, Inc. (NYSE:CABO)

Bfsg LLC bought a new stake in Cable One, Inc. (NYSE:CABO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 50 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CABO. Chartwell Investment Partners LLC boosted its stake in Cable One by 37.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 4,324 shares of the company’s stock valued at $2,662,000 after purchasing an additional 1,187 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in Cable One by 8.8% during the 4th quarter. DAVENPORT & Co LLC now owns 29,789 shares of the company’s stock valued at $16,680,000 after purchasing an additional 2,403 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in Cable One by 24.8% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 155,097 shares of the company’s stock valued at $95,484,000 after purchasing an additional 30,831 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Cable One by 4.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 240,869 shares of the company’s stock valued at $148,289,000 after purchasing an additional 10,521 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in Cable One by 12.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 65,140 shares of the company’s stock valued at $40,103,000 after purchasing an additional 7,444 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Cable One Price Performance

Shares of NYSE CABO opened at $388.54 on Friday. Cable One, Inc. has a twelve month low of $373.37 and a twelve month high of $768.75. The stock’s 50 day moving average price is $429.81 and its 200-day moving average price is $511.34. The company has a market capitalization of $2.18 billion, a PE ratio of 8.60 and a beta of 0.80. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94.

Cable One (NYSE:CABO) last announced its earnings results on Thursday, February 22nd. The company reported $10.66 earnings per share for the quarter, missing analysts’ consensus estimates of $12.86 by ($2.20). Cable One had a return on equity of 13.65% and a net margin of 15.94%. The business had revenue of $411.82 million during the quarter, compared to analysts’ expectations of $417.66 million. On average, equities analysts anticipate that Cable One, Inc. will post 43.36 EPS for the current year.

Cable One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were issued a $2.95 dividend. The ex-dividend date was Friday, February 16th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.04%. Cable One’s dividend payout ratio (DPR) is presently 26.12%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CABO shares. Wells Fargo & Company cut their price target on Cable One from $460.00 to $400.00 and set an “underweight” rating for the company in a research note on Friday, April 5th. KeyCorp cut their target price on Cable One from $900.00 to $881.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Finally, Moffett Nathanson upgraded Cable One from a “neutral” rating to a “buy” rating and set a $615.00 target price on the stock in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Cable One has an average rating of “Hold” and an average target price of $627.80.

Insider Buying and Selling

In related news, insider Christopher D. Boone sold 204 shares of Cable One stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $460.00, for a total value of $93,840.00. Following the sale, the insider now owns 1,854 shares of the company’s stock, valued at approximately $852,840. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

Cable One Company 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.