Quadrature Capital Ltd Sells 1,544 Shares of Cable One, Inc. (NYSE:CABO)

Quadrature Capital Ltd cut its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 20.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,987 shares of the company's stock after selling 1,544 shares during the period. Quadrature Capital Ltd owned approximately 0.11% of Cable One worth $2,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its holdings in shares of Cable One by 1,906.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company's stock valued at $67,911,000 after buying an additional 152,496 shares during the period. EntryPoint Capital LLC lifted its position 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 purchasing an additional 56 shares during the last quarter. Pitcairn Co. acquired a new position in shares of Cable One during the 1st quarter worth about $201,000. CANADA LIFE ASSURANCE Co increased its stake in Cable One by 3.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 3,490 shares of the company's stock valued at $1,472,000 after purchasing an additional 116 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its position in shares of Cable One by 26.2% during the 1st quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company's stock worth $86,353,000 after buying an additional 42,376 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Analysts Set New Price Targets

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

Cable One Stock Up 14.6 %

NYSE CABO traded up $50.34 during trading hours on Friday, hitting $395.01. The company had a trading volume of 253,838 shares, compared to its average volume of 148,208. The firm's 50 day moving average is $358.14 and its 200 day moving average is $418.64. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 9.05 and a beta of 0.83. Cable One, Inc. has a fifty-two week low of $318.68 and a fifty-two week high of $744.95. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.86 and a quick ratio of 1.86.

Cable One (NYSE:CABO - Get Free Report) last released 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). Cable One had a net margin of 15.50% and a return on equity of 12.76%. The firm had revenue of $404.30 million for the quarter, compared to analyst estimates of $408.79 million. During the same period in the previous year, the business posted $9.62 earnings per share. Cable One's revenue for the quarter was down 4.2% on a year-over-year basis. Sell-side analysts anticipate that Cable One, Inc. will post 32.21 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The firm 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. This represents a $11.80 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Friday, May 24th. Cable One's dividend payout ratio (DPR) is presently 27.02%.

Insider Buying and Selling

In related news, Director Wallace R. Weitz purchased 1,000 shares of the company's stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average cost of $369.98 per share, for a total transaction of $369,980.00. Following the transaction, the director now owns 4,565 shares of the company's stock, valued at $1,688,958.70. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by company insiders.

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.