First Trust Advisors LP raised its position in shares of Cable One Inc. (NYSE:CABO) by 145.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,357 shares of the company’s stock after buying an additional 19,785 shares during the period. First Trust Advisors LP owned about 0.58% of Cable One worth $19,480,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in CABO. LS Investment Advisors LLC increased its position in Cable One by 67.7% in the second quarter. LS Investment Advisors LLC now owns 265 shares of the company’s stock worth $136,000 after buying an additional 107 shares during the period. Meeder Asset Management Inc. purchased a new position in Cable One during the second quarter worth $169,000. Savant Capital LLC purchased a new position in Cable One during the second quarter worth $215,000. Shelton Capital Management purchased a new position in Cable One during the second quarter worth $215,000. Finally, Jefferies Group LLC purchased a new position in Cable One during the second quarter worth $219,000. Institutional investors own 70.30% of the company’s stock.
Cable One Inc. (NYSE:CABO) traded down 0.21% during mid-day trading on Friday, hitting $586.32. The company had a trading volume of 9,458 shares. The company has a 50 day moving average of $581.90 and a 200 day moving average of $539.99. The firm has a market capitalization of $3.35 billion, a PE ratio of 33.80 and a beta of 0.32. Cable One Inc. has a 1-year low of $390.00 and a 1-year high of $603.54.
Cable One (NYSE:CABO) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $3.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $4.69 by $1.06. The firm earned $205.50 million during the quarter, compared to the consensus estimate of $203.48 million. Cable One had a return on equity of 23.31% and a net margin of 12.33%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.30 EPS. Analysts predict that Cable One Inc. will post $16.70 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Tuesday, November 15th will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.02%. The ex-dividend date is Thursday, November 10th. Cable One’s payout ratio is currently 34.60%.
Separately, Zacks Investment Research downgraded Cable One from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th.
About Cable One