Cable One, Inc. (NYSE:CABO) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lessened its stake in shares of Cable One, Inc. (NYSE:CABO) by 99.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145 shares of the company’s stock after selling 46,364 shares during the period. Copeland Capital Management LLC’s holdings in Cable One were worth $51,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Jane Street Group LLC raised its holdings in shares of Cable One by 880.9% during the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company’s stock worth $6,292,000 after acquiring an additional 13,354 shares during the period. Vanguard Group Inc. raised its holdings in shares of Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after acquiring an additional 48,513 shares during the period. Nordea Investment Management AB purchased a new position in shares of Cable One during the 1st quarter worth $8,695,000. Private Management Group Inc. raised its holdings in shares of Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock worth $40,229,000 after acquiring an additional 47,082 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Cable One during the 1st quarter worth $7,068,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Stock Up 2.6 %

Shares of CABO opened at $348.04 on Wednesday. The firm has a market cap of $1.96 billion, a P/E ratio of 7.97 and a beta of 0.84. Cable One, Inc. has a 12-month low of $311.28 and a 12-month high of $620.69. The company’s 50-day moving average price is $346.24 and its 200 day moving average price is $365.11. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.87.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.36 by ($2.20). The company had revenue of $394.46 million during the quarter, compared to analysts’ expectations of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 12.04%. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $10.43 earnings per share. On average, sell-side analysts forecast that Cable One, Inc. will post 30.99 earnings per share for the current year.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a dividend of $2.95 per share. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a yield of 3.39%. Cable One’s dividend payout ratio (DPR) is presently 27.02%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price target on Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $533.33.

Cable One Profile

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 various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.