Alaska Permanent Fund Corp Takes Position in Cable One, Inc. (NYSE:CABO)

Alaska Permanent Fund Corp bought a new stake in Cable One, Inc. (NYSE:CABO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,965 shares of the company’s stock, valued at approximately $831,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CABO. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Cable One in the 3rd quarter valued at $210,000. Envestnet Asset Management Inc. increased its stake in shares of Cable One by 64.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 22,014 shares of the company’s stock valued at $13,553,000 after buying an additional 8,651 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Cable One during the third quarter worth $510,000. Dark Forest Capital Management LP acquired a new stake in shares of Cable One during the third quarter worth $289,000. Finally, Stifel Financial Corp grew its stake in shares of Cable One by 12.4% during the third quarter. Stifel Financial Corp now owns 4,206 shares of the company’s stock worth $2,589,000 after purchasing an additional 465 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their price objective on Cable One from $400.00 to $350.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd. Moffett Nathanson raised Cable One from a “neutral” rating to a “buy” rating and set a $615.00 price objective for the company in a research note on Tuesday, March 5th. TD Cowen decreased their price objective on Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Finally, KeyCorp decreased their price objective on Cable One from $900.00 to $881.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $590.83.

Insider Activity

In other news, Director Wallace R. Weitz purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were bought at an average cost of $369.98 per share, for a total transaction of $369,980.00. Following the completion of the acquisition, the director now directly owns 4,565 shares in the company, valued at approximately $1,688,958.70. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

Cable One Stock Up 3.5 %

NYSE:CABO opened at $368.93 on Friday. Cable One, Inc. has a 1 year low of $332.94 and a 1 year high of $749.00. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.86. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 8.45 and a beta of 0.85. The stock has a 50-day moving average price of $380.84 and a two-hundred day moving average price of $453.91.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.78 by ($2.67). The business had revenue of $404.30 million during the quarter, compared to analyst estimates of $408.79 million. Cable One had a net margin of 15.50% and a return on equity of 12.76%. The firm’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $9.62 earnings per share. As a group, equities analysts expect that Cable One, Inc. will post 32.41 earnings per share for the current year.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were issued a $2.95 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.20%. Cable One’s dividend payout ratio (DPR) is 27.02%.

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.