Jane Street Group LLC Acquires 13,354 Shares of Cable One, Inc. (NYSE:CABO)

Jane Street Group LLC grew its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 880.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,870 shares of the company's stock after purchasing an additional 13,354 shares during the quarter. Jane Street Group LLC owned approximately 0.26% of Cable One worth $6,292,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its position in shares of Cable One by 1,906.2% in the first quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company's stock valued at $67,911,000 after acquiring an additional 152,496 shares during the period. Norges Bank acquired a new stake in Cable One in the 4th quarter worth about $35,195,000. Private Management Group Inc. boosted its holdings in Cable One by 648.3% in the 1st quarter. Private Management Group Inc. now owns 66,559 shares of the company's stock valued at $28,163,000 after purchasing an additional 57,664 shares during the period. Vanguard Group Inc. grew its position in shares of Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company's stock worth $207,409,000 after purchasing an additional 48,513 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its holdings in shares of Cable One by 26.2% during the first quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company's stock worth $86,353,000 after purchasing an additional 42,376 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Insider Activity at Cable One

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CABO shares. Wells Fargo & Company dropped their price objective on Cable One from $400.00 to $350.00 and set an "underweight" rating for the company in a report on Friday, May 3rd. TD Cowen reduced their price target on shares of Cable One from $650.00 to $456.00 and set a "hold" rating on the stock in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised their target price on Cable One from $470.00 to $480.00 and gave the company a "neutral" rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Cable One currently has a consensus rating of "Hold" and a consensus price target of $533.33.

Cable One Price Performance

CABO traded down $2.80 on Wednesday, reaching $395.55. The stock had a trading volume of 85,226 shares, compared to its average volume of 113,064. 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 company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 9.06 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 $688.04. The firm has a 50-day moving average of $365.65 and a 200-day moving average of $412.00.

Cable One (NYSE:CABO - Get Free Report) last issued its quarterly earnings data 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). Cable One had a net margin of 15.31% and a return on equity of 11.84%. 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 business earned $10.43 EPS. The firm's quarterly revenue was down 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cable One, Inc. will post 32.21 EPS for the current year.

Cable One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were paid a $2.95 dividend. The ex-dividend date was Friday, May 24th. This represents a $11.80 annualized dividend and a dividend yield of 2.98%. Cable One's dividend payout ratio 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.