Teachers Retirement System of The State of Kentucky Invests $5.25 Million in Cable One, Inc. (NYSE:CABO)

Teachers Retirement System of The State of Kentucky bought a new position in shares of Cable One, Inc. (NYSE:CABO – Get Rating) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 6,158 shares of the company’s stock, valued at approximately $5,253,000.

Several other institutional investors also recently modified their holdings of the stock. Baird Financial Group Inc. acquired a new position in shares of Cable One during the 3rd quarter worth about $340,000. Jane Street Group LLC acquired a new position in shares of Cable One in the 3rd quarter valued at approximately $2,000,000. Twinbeech Capital LP acquired a new position in shares of Cable One in the 3rd quarter valued at approximately $10,104,000. Two Sigma Investments LP acquired a new position in shares of Cable One in the 3rd quarter valued at approximately $1,212,000. Finally, Pathstone Family Office LLC grew its position in shares of Cable One by 540.4% in the 3rd quarter. Pathstone Family Office LLC now owns 4,944 shares of the company’s stock valued at $4,218,000 after purchasing an additional 4,172 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 acquired 100 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were bought at an average price of $709.30 per share, for a total transaction of $70,930.00. Following the purchase, the director now directly owns 2,420 shares in the company, valued at approximately $1,716,506. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Cable One Trading Up 0.4 %

Shares of Cable One stock opened at $653.89 on Friday. Cable One, Inc. has a 12-month low of $609.85 and a 12-month high of $1,576.49. The stock has a market cap of $3.75 billion, a P/E ratio of 18.11 and a beta of 0.83. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.13. The business’s 50 day moving average is $743.49 and its 200-day moving average is $788.14.

Cable One (NYSE:CABO – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported $8.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.56 by ($3.62). Cable One had a return on equity of 19.71% and a net margin of 13.72%. The company had revenue of $425.52 million for the quarter, compared to the consensus estimate of $422.84 million. Equities research analysts predict that Cable One, Inc. will post 57.11 earnings per share for the current fiscal year.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 21st were paid a dividend of $2.85 per share. This represents a $11.40 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, February 17th. Cable One’s dividend payout ratio is currently 31.57%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CABO. Raymond James decreased their price objective on Cable One from $1,200.00 to $900.00 and set an “outperform” rating for the company in a research report on Friday, February 24th. Wells Fargo & Company lowered Cable One from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $850.00 to $680.00 in a research report on Tuesday, February 21st. StockNews.com assumed coverage on Cable One in a research report on Thursday. They issued a “hold” rating for the company. KeyCorp reduced their price target on Cable One from $1,300.00 to $1,275.00 and set an “overweight” rating for the company in a research report on Friday, February 24th. Finally, JPMorgan Chase & Co. reduced their price target on Cable One from $800.00 to $785.00 and set a “neutral” rating for the company in a research report on Monday, February 27th. One analyst has rated the stock with a sell rating, three have 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 $1,105.71.

Cable One Company Profile

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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.