Cable One, Inc. (NYSE:CABO) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in Cable One, Inc. (NYSE:CABO) by 83.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 19,593 shares of the company’s stock after purchasing an additional 8,940 shares during the period. Victory Capital Management Inc. owned 0.35% of Cable One worth $6,936,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Principal Securities Inc. bought a new stake in Cable One in the fourth quarter valued at about $53,000. Versant Capital Management Inc grew its position in shares of Cable One by 452.4% in the 2nd quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock worth $41,000 after acquiring an additional 95 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Cable One by 964.3% in the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after acquiring an additional 135 shares during the last quarter. Spire Wealth Management raised its position in shares of Cable One by 111.6% during the 1st quarter. Spire Wealth Management now owns 182 shares of the company’s stock valued at $77,000 after acquiring an additional 96 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Cable One during the second quarter worth $65,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Stock Performance

CABO stock opened at $336.92 on Monday. The stock’s fifty day moving average is $361.56 and its two-hundred day moving average is $382.82. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 7.72 and a beta of 0.84. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.81 and a current ratio of 1.81. Cable One, Inc. has a 1 year low of $313.15 and a 1 year high of $671.62.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.69%. The firm had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. During the same period in the previous year, the firm earned $10.43 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, research analysts predict that Cable One, Inc. will post 30.99 EPS for the current year.

Cable One Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were given a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Tuesday, August 27th. Cable One’s dividend payout ratio is currently 27.02%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their target price on shares of Cable One from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average 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.