Cable One, Inc. (NYSE:CABO) Holdings Decreased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 51.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,309 shares of the company's stock after selling 4,548 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.08% of Cable One worth $1,823,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SummerHaven Investment Management LLC grew its holdings in Cable One by 1.8% during the 4th quarter. SummerHaven Investment Management LLC now owns 1,127 shares of the company's stock worth $627,000 after acquiring an additional 20 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Cable One by 87.5% during the first quarter. Fifth Third Bancorp now owns 75 shares of the company's stock worth $32,000 after purchasing an additional 35 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Cable One by 24.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 190 shares of the company's stock worth $106,000 after purchasing an additional 37 shares in the last quarter. Bfsg LLC purchased a new position in Cable One in the fourth quarter valued at $28,000. Finally, Texas Permanent School Fund Corp raised its stake 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 valued at $1,681,000 after buying an additional 51 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cable One

In related news, Director Wallace R. Weitz bought 1,000 shares of the company's stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average price of $369.98 per share, with a total value of $369,980.00. Following the completion of the acquisition, the director now owns 4,565 shares in the company, valued at approximately $1,688,958.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.70% of the stock is currently owned by insiders.

Cable One Stock Performance

NYSE CABO traded down $6.25 on Wednesday, reaching $342.31. The stock had a trading volume of 80,122 shares, compared to its average volume of 111,520. The stock has a market cap of $1.92 billion, a P/E ratio of 7.84 and a beta of 0.83. Cable One, Inc. has a 12-month low of $318.68 and a 12-month high of $744.95. The business's 50-day moving average price is $359.95 and its 200 day moving average price is $422.78. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.86 and a current ratio of 1.86.

Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $8.11 earnings per share for the quarter, missing analysts' consensus estimates of $10.78 by ($2.67). The business had revenue of $404.30 million for the quarter, compared to analyst estimates of $408.79 million. Cable One had a return on equity of 12.76% and a net margin of 15.50%. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.62 EPS. As a group, equities analysts expect that Cable One, Inc. will post 32.21 earnings per share for the current year.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were given a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Friday, May 24th. Cable One's dividend payout ratio (DPR) is presently 27.02%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CABO shares. TD Cowen lowered their price objective on Cable One from $650.00 to $456.00 and set a "hold" rating for the company in a research report on Friday, May 3rd. Wells Fargo & Company lowered their price target on Cable One from $400.00 to $350.00 and set an "underweight" rating for the company in a report on Friday, May 3rd. Finally, KeyCorp cut their price objective on shares of Cable One from $900.00 to $881.00 and set an "overweight" rating on the stock in a report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $590.83.

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.