Caprock Group LLC Invests $3.62 Million in Cable One, Inc. (NYSE:CABO)

Caprock Group LLC purchased a new stake in shares of Cable One, Inc. (NYSE:CABO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,237 shares of the company’s stock, valued at approximately $3,624,000. Caprock Group LLC owned 0.18% of Cable One as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. lifted its position in shares of Cable One by 2.1% in the 2nd quarter. Raymond James Trust N.A. now owns 1,581 shares of the company’s stock worth $560,000 after purchasing an additional 33 shares during the period. Fifth Third Bancorp lifted its holdings in Cable One by 87.5% in the first quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock worth $32,000 after buying an additional 35 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Cable One by 3.6% in the second quarter. SummerHaven Investment Management LLC now owns 1,185 shares of the company’s stock worth $419,000 after buying an additional 41 shares during the period. Texas Permanent School Fund Corp lifted its holdings in Cable One by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 3,973 shares of the company’s stock worth $1,681,000 after buying an additional 51 shares during the period. Finally, EntryPoint Capital LLC grew its holdings in shares of Cable One by 27.7% during the 1st quarter. EntryPoint Capital LLC now owns 258 shares of the company’s stock worth $109,000 after acquiring an additional 56 shares during the period. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

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

Cable One Stock Down 2.2 %

Shares of Cable One stock opened at $345.23 on Friday. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 7.91 and a beta of 0.84. Cable One, Inc. has a twelve month low of $318.68 and a twelve 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 company’s 50 day moving average is $363.51 and its 200 day moving average is $387.66.

Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a return on equity of 11.69% and a net margin of 15.31%. The business had revenue of $394.46 million during the quarter, compared to the consensus estimate of $400.64 million. During the same quarter last year, the company earned $10.43 EPS. Cable One’s revenue for the quarter was down 7.0% on a year-over-year basis. Research analysts anticipate that Cable One, Inc. will post 30.99 EPS for the current year.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be paid a dividend of $2.95 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.42%. Cable One’s dividend payout ratio (DPR) is presently 27.02%.

About Cable One

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.