Wipfli Financial Advisors LLC Makes New Investment in Cable One, Inc. (NYSE:CABO)

Wipfli Financial Advisors LLC purchased a new position in shares of Cable One, Inc. (NYSE:CABO – Get Rating) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 44 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its stake in Cable One by 1.8% during the second quarter. Exchange Traded Concepts LLC now owns 449 shares of the company’s stock worth $579,000 after acquiring an additional 8 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Cable One by 5.0% in the second quarter. Inspire Investing LLC now owns 167 shares of the company’s stock worth $215,000 after buying an additional 8 shares during the period. Homestead Advisers Corp boosted its position in shares of Cable One by 20.5% in the second quarter. Homestead Advisers Corp now owns 53 shares of the company’s stock worth $68,000 after buying an additional 9 shares during the period. Raymond James Trust N.A. boosted its position in shares of Cable One by 6.3% in the first quarter. Raymond James Trust N.A. now owns 187 shares of the company’s stock worth $274,000 after buying an additional 11 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Cable One by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 440 shares of the company’s stock worth $567,000 after buying an additional 12 shares during the period. 90.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cable One

In related news, Director Thomas Sinnickson Gayner purchased 5,000 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were acquired at an average cost of $714.72 per share, for a total transaction of $3,573,600.00. Following the transaction, the director now owns 26,700 shares of the company’s stock, valued at $19,083,024. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Cable One Trading Up 0.8 %

NYSE:CABO opened at $765.24 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.99. The business’s 50 day moving average is $713.99 and its two-hundred day moving average is $966.79. Cable One, Inc. has a 52 week low of $620.57 and a 52 week high of $1,612.99. The company has a market cap of $4.45 billion, a PE ratio of 12.75 and a beta of 0.78.

Cable One (NYSE:CABO – Get Rating) last released its earnings results on Thursday, November 3rd. The company reported $11.53 EPS for the quarter, missing analysts’ consensus estimates of $12.61 by ($1.08). Cable One had a return on equity of 20.32% and a net margin of 21.96%. The firm had revenue of $424.72 million for the quarter, compared to the consensus estimate of $431.82 million. On average, analysts predict that Cable One, Inc. will post 61.12 EPS for the current year.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Tuesday, November 29th were given a dividend of $2.85 per share. This represents a $11.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, November 28th. Cable One’s payout ratio is 18.99%.

Wall Street Analysts Forecast Growth

CABO has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on Cable One from $1,200.00 to $850.00 and set an “equal weight” rating for the company in a research report on Friday, November 4th. KeyCorp reduced their price target on Cable One from $1,725.00 to $1,300.00 and set an “overweight” rating for the company in a report on Friday, November 4th. TheStreet downgraded Cable One from a “b-” rating to a “c+” rating in a report on Tuesday, September 20th. Finally, StockNews.com initiated coverage on Cable One in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.