Point72 Asia Singapore Pte. Ltd. Purchases Shares of 203 Cable One, Inc. (NYSE:CABO)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cable One, Inc. (NYSE:CABO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 203 shares of the company’s stock, valued at approximately $72,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Corient Private Wealth LLC boosted its stake in Cable One by 36.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,265 shares of the company’s stock worth $704,000 after buying an additional 337 shares in the last quarter. Hsbc Holdings PLC increased its stake in Cable One by 317.4% in the fourth quarter. Hsbc Holdings PLC now owns 3,510 shares of the company’s stock valued at $1,947,000 after acquiring an additional 2,669 shares during the period. Treasurer of the State of North Carolina raised its position in Cable One by 18.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 3,442 shares of the company’s stock worth $1,916,000 after purchasing an additional 524 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Cable One during the fourth quarter worth about $223,000. Finally, Eagle Asset Management Inc. boosted its holdings in Cable One by 7.4% during the fourth quarter. Eagle Asset Management Inc. now owns 27,313 shares of the company’s stock valued at $15,202,000 after purchasing an additional 1,874 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cable One Trading Up 2.6 %

Shares of CABO stock opened at $353.56 on Monday. The company has a market capitalization of $1.99 billion, a P/E ratio of 8.10 and a beta of 0.84. Cable One, Inc. has a 12-month low of $313.15 and a 12-month high of $671.62. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.79. The firm has a 50-day moving average price of $361.11 and a 200 day moving average price of $375.15.

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). The firm had revenue of $394.46 million during the quarter, compared to the consensus estimate of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 11.69%. The business’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $10.43 EPS. Research analysts forecast that Cable One, Inc. will post 30.99 earnings per share for the current fiscal year.

Cable One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were given a $2.95 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 annualized dividend and a yield of 3.34%. Cable One’s payout ratio is 27.02%.

Cable One Company 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.