Teachers Retirement System of The State of Kentucky Raises Holdings in Cable One, Inc. (NYSE:CABO)

Teachers Retirement System of The State of Kentucky grew its position in Cable One, Inc. (NYSE:CABOGet Rating) by 2.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,376 shares of the company’s stock after purchasing an additional 119 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Cable One were worth $7,872,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Cable One by 5.4% in the 4th quarter. BlackRock Inc. now owns 736,160 shares of the company’s stock worth $1,298,179,000 after buying an additional 37,780 shares during the period. Capital International Investors lifted its holdings in shares of Cable One by 74.9% in the 1st quarter. Capital International Investors now owns 204,285 shares of the company’s stock worth $300,489,000 after buying an additional 87,503 shares during the period. Rothschild & Co Wealth Management UK Ltd lifted its holdings in shares of Cable One by 4.0% in the 1st quarter. Rothschild & Co Wealth Management UK Ltd now owns 182,391 shares of the company’s stock worth $267,064,000 after buying an additional 6,952 shares during the period. State Street Corp lifted its holdings in shares of Cable One by 1.6% in the 4th quarter. State Street Corp now owns 173,750 shares of the company’s stock worth $306,399,000 after buying an additional 2,748 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Cable One by 16.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 119,162 shares of the company’s stock worth $174,481,000 after purchasing an additional 17,004 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CABO has been the subject of a number of analyst reports. Cowen upped their price objective on Cable One to $1,550.00 in a research note on Tuesday, August 9th. Wells Fargo & Company cut Cable One from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $1,700.00 to $1,200.00 in a research note on Monday, September 12th. KeyCorp decreased their price objective on Cable One from $1,896.00 to $1,725.00 and set an “overweight” rating for the company in a research note on Friday, August 5th. Finally, Truist Financial upped their price objective on Cable One from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Cable One currently has an average rating of “Moderate Buy” and an average price target of $1,645.83.

Insider Activity

In other news, Director Thomas Sinnickson Gayner acquired 50 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were acquired at an average cost of $1,225.00 per share, with a total value of $61,250.00. Following the completion of the acquisition, the director now owns 2,319 shares of the company’s stock, valued at $2,840,775. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Eric Michael Lardy sold 530 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $1,346.64, for a total value of $713,719.20. Following the transaction, the senior vice president now directly owns 2,015 shares of the company’s stock, valued at $2,713,479.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Sinnickson Gayner bought 50 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were bought at an average cost of $1,225.00 per share, for a total transaction of $61,250.00. Following the completion of the acquisition, the director now owns 2,319 shares of the company’s stock, valued at $2,840,775. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,050 shares of company stock valued at $1,197,495. Company insiders own 1.20% of the company’s stock.

Cable One Trading Down 3.2 %

Cable One stock opened at $1,029.40 on Friday. The stock has a 50-day moving average of $1,282.04 and a two-hundred day moving average of $1,311.31. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.68 and a current ratio of 1.68. Cable One, Inc. has a one year low of $1,020.82 and a one year high of $1,983.69. The stock has a market cap of $6.05 billion, a PE ratio of 18.11 and a beta of 0.74.

Cable One (NYSE:CABOGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $12.13 EPS for the quarter, missing analysts’ consensus estimates of $13.41 by ($1.28). Cable One had a net margin of 20.82% and a return on equity of 19.78%. The business had revenue of $429.09 million during the quarter, compared to analysts’ expectations of $431.46 million. On average, research analysts anticipate that Cable One, Inc. will post 63.52 EPS for the current fiscal year.

Cable One Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Tuesday, August 30th were issued a $2.85 dividend. The ex-dividend date was Monday, August 29th. This is a positive change from Cable One’s previous quarterly dividend of $2.75. This represents a $11.40 dividend on an annualized basis and a dividend yield of 1.11%. Cable One’s dividend payout ratio is currently 20.06%.

Cable One Company Profile

(Get Rating)

Cable One, Inc engages in the provision of data, video, and voice services to residential and business customers. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service under the brand name Sparklight.

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Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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