Campbell & CO Investment Adviser LLC lifted its stake in Cable One Inc (NYSE:CABO) by 14.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 800 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Cable One were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Piedmont Investment Advisors Inc. bought a new position in shares of Cable One during the 3rd quarter valued at about $273,000. Commonwealth Bank of Australia bought a new position in shares of Cable One in the 3rd quarter valued at about $265,000. MML Investors Services LLC bought a new position in shares of Cable One in the 3rd quarter valued at about $218,000. Prudential Financial Inc. lifted its holdings in shares of Cable One by 361.4% in the 3rd quarter. Prudential Financial Inc. now owns 37,314 shares of the company’s stock valued at $32,972,000 after acquiring an additional 29,226 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Cable One by 77.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,594 shares of the company’s stock valued at $5,826,000 after acquiring an additional 2,870 shares during the last quarter. 78.52% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Kenneth E. Johnson acquired 170 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were bought at an average cost of $863.84 per share, with a total value of $146,852.80. Following the transaction, the senior vice president now owns 741 shares in the company, valued at approximately $640,105.44. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas O. Might sold 4,417 shares of the company’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $882.47, for a total transaction of $3,897,869.99. Following the completion of the transaction, the director now owns 21,292 shares of the company’s stock, valued at approximately $18,789,551.24. The disclosure for this sale can be found here. Insiders have bought 570 shares of company stock valued at $495,116 in the last three months. Corporate insiders own 1.10% of the company’s stock.

A number of research analysts recently commented on CABO shares. SunTrust Banks downgraded shares of Cable One from a “buy” rating to a “hold” rating in a report on Thursday, November 8th. Raymond James downgraded shares of Cable One from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 19th. Moffett Nathanson raised shares of Cable One from a “sell” rating to a “neutral” rating in a report on Tuesday. Zacks Investment Research raised shares of Cable One from a “hold” rating to a “buy” rating and set a $936.00 price target for the company in a report on Monday, October 15th. Finally, Wolfe Research started coverage on shares of Cable One in a research report on Friday. They issued an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $845.67.

Shares of NYSE:CABO traded down $7.71 during trading on Friday, reaching $870.30. 41,442 shares of the company were exchanged, compared to its average volume of 29,355. The firm has a market cap of $5.01 billion, a PE ratio of 40.27 and a beta of 0.26. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.08 and a current ratio of 2.08. Cable One Inc has a 12-month low of $597.40 and a 12-month high of $924.31.

Cable One (NYSE:CABO) last announced its earnings results on Wednesday, November 7th. The company reported $6.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $7.84 by ($1.14). Cable One had a net margin of 25.08% and a return on equity of 22.03%. The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $267.53 million. During the same quarter last year, the business earned $5.48 earnings per share. Cable One’s revenue was up 5.7% on a year-over-year basis. Equities research analysts predict that Cable One Inc will post 29.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Tuesday, November 20th were issued a $2.00 dividend. The ex-dividend date was Monday, November 19th. This represents a $8.00 dividend on an annualized basis and a yield of 0.92%. Cable One’s payout ratio is 37.02%.

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Cable One Profile

Cable One, Inc owns and operates cable systems that provide data, video, and voice services in the United States. The company offers data services, including home.cableone.net, an Internet portal that provides various email addresses; and WiFi ONE, a Wi-Fi solution to enhance Wi-Fi signal throughout the home.

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

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