Pictet Asset Management SA Has $2.77 Million Holdings in Cable One, Inc. (NYSE:CABO)

Pictet Asset Management SA cut its stake in shares of Cable One, Inc. (NYSE:CABOGet Rating) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,150 shares of the company’s stock after selling 120 shares during the period. Pictet Asset Management SA’s holdings in Cable One were worth $2,772,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC grew its stake in Cable One by 36.9% in the second quarter. Lazard Asset Management LLC now owns 382 shares of the company’s stock valued at $492,000 after acquiring an additional 103 shares during the period. Summit Trail Advisors LLC acquired a new position in Cable One in the second quarter valued at about $1,118,000. Advisors Asset Management Inc. grew its stake in Cable One by 37.8% in the second quarter. Advisors Asset Management Inc. now owns 175 shares of the company’s stock valued at $226,000 after acquiring an additional 48 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Cable One by 37.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 789 shares of the company’s stock valued at $1,017,000 after acquiring an additional 217 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Cable One in the second quarter valued at about $275,000. 90.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cable One

In other Cable One news, Director Thomas Sinnickson Gayner acquired 5,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were purchased at an average price of $673.75 per share, for a total transaction of $3,368,750.00. Following the completion of the purchase, the director now directly owns 16,700 shares of the company’s stock, valued at $11,251,625. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Cable One news, Director Thomas Sinnickson Gayner acquired 5,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were purchased at an average price of $673.75 per share, for a total transaction of $3,368,750.00. Following the completion of the purchase, the director now directly owns 16,700 shares of the company’s stock, valued at $11,251,625. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Brad D. Brian acquired 50 shares of the company’s stock in a transaction on Friday, September 23rd. The stock was acquired at an average price of $951.11 per share, for a total transaction of $47,555.50. Following the purchase, the director now directly owns 50 shares of the company’s stock, valued at $47,555.50. The disclosure for this purchase can be found here. Insiders have acquired 11,100 shares of company stock worth $8,187,401 over the last 90 days. Company insiders own 1.20% of the company’s stock.

Cable One Stock Performance

CABO opened at $667.00 on Tuesday. Cable One, Inc. has a 52-week low of $620.57 and a 52-week high of $1,869.42. The firm has a market capitalization of $3.87 billion, a PE ratio of 11.11 and a beta of 0.84. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.42 and a current ratio of 1.42. The business’s 50-day simple moving average is $825.32 and its 200 day simple moving average is $1,112.66.

Cable One (NYSE:CABOGet Rating) last released its earnings results on Thursday, November 3rd. The company reported $11.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.61 by ($1.08). Cable One had a return on equity of 20.32% and a net margin of 21.96%. The company had revenue of $424.72 million for the quarter, compared to the consensus estimate of $431.82 million. As a group, sell-side analysts expect that Cable One, Inc. will post 61.12 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, December 16th. Shareholders of record on Tuesday, November 29th will be paid a $2.85 dividend. The ex-dividend date is Monday, November 28th. This represents a yield of 1.71%. Cable One’s dividend payout ratio is 18.99%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CABO. Cowen boosted their target price on Cable One to $1,550.00 in a research note on Tuesday, August 9th. Wells Fargo & Company cut their price target on Cable One from $1,200.00 to $850.00 and set an “equal weight” rating on the stock in a report on Friday, November 4th. TheStreet lowered Cable One from a “b-” rating to a “c+” rating in a report on Tuesday, September 20th. KeyCorp cut their price target on Cable One from $1,725.00 to $1,300.00 and set an “overweight” rating on the stock in a report on Friday, November 4th. Finally, StockNews.com started coverage on Cable One in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Cable One currently has a consensus rating of “Moderate Buy” and an average target price of $1,420.00.

Cable One Profile

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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 residential video services, such as local networks; local community programming that includes governmental and public access; and other channels, as well as digital video services, including national and regional cable networks, music channels, and an interactive and electronic programming guide with parental controls.

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

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