Markel Corp continued to hold its stake in Cable One Inc. (NYSE:CABO) during the third quarter, Holdings Channel reports. The firm owned 5,200 shares of the company’s stock at the end of the third quarter. Markel Corp owned approximately 0.09% of Cable One worth $3,037,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. US Bancorp DE increased its position in Cable One by 2.6% in the third quarter. US Bancorp DE now owns 198 shares of the company’s stock worth $116,000 after buying an additional 5 shares in the last quarter. Legal & General Group Plc increased its position in Cable One by 1.8% in the second quarter. Legal & General Group Plc now owns 507 shares of the company’s stock worth $259,000 after buying an additional 9 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in Cable One by 3.6% in the second quarter. Ameritas Investment Partners Inc. now owns 690 shares of the company’s stock worth $353,000 after buying an additional 24 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Cable One by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 1,524 shares of the company’s stock worth $890,000 after buying an additional 30 shares in the last quarter. Finally, Sei Investments Co. increased its position in Cable One by 5.2% in the third quarter. Sei Investments Co. now owns 622 shares of the company’s stock worth $363,000 after buying an additional 31 shares in the last quarter. 70.30% of the stock is owned by institutional investors and hedge funds.
Shares of Cable One Inc. (NYSE:CABO) traded down 0.46% during midday trading on Friday, reaching $584.84. The company had a trading volume of 690 shares. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 33.71 and a beta of 0.32. The company has a 50 day moving average of $581.97 and a 200 day moving average of $539.29. Cable One Inc. has a 12-month low of $390.00 and a 12-month high of $603.54.
Cable One (NYSE:CABO) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $3.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Cable One’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $3.30 EPS. Analysts anticipate that Cable One Inc. will post $16.70 EPS for the current 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 issued a $1.50 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.02%. Cable One’s dividend payout ratio (DPR) is 34.60%.
Separately, Zacks Investment Research downgraded shares of Cable One from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th.
Cable One Company Profile
Cable One, Inc is a provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It provides these broadband services to residential and business customers in approximately 40 cable systems covering over 400 cities and towns.