Lee Danner & Bass Inc. Buys New Shares in Cable One, Inc. (NYSE:CABO)

Lee Danner & Bass Inc. bought a new stake in Cable One, Inc. (NYSE:CABO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,580 shares of the company's stock, valued at approximately $1,621,000. Lee Danner & Bass Inc. owned 0.08% of Cable One as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CABO. California Public Employees Retirement System grew its holdings in Cable One by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 13,078 shares of the company's stock valued at $7,279,000 after purchasing an additional 158 shares during the period. Illinois Municipal Retirement Fund acquired a new position in Cable One during the fourth quarter valued at approximately $617,000. State of New Jersey Common Pension Fund D lifted its position in Cable One by 17.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 4,582 shares of the company's stock valued at $2,550,000 after buying an additional 666 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in Cable One by 1.8% during the fourth quarter. SummerHaven Investment Management LLC now owns 1,127 shares of the company's stock valued at $627,000 after buying an additional 20 shares in the last quarter. Finally, Mission Wealth Management LP lifted its position in Cable One by 24.9% during the fourth quarter. Mission Wealth Management LP now owns 897 shares of the company's stock valued at $500,000 after buying an additional 179 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Cable One Stock Down 2.5 %

Shares of NYSE CABO traded down $9.12 during trading on Friday, reaching $352.72. 78,044 shares of the stock were exchanged, compared to its average volume of 109,249. The business's 50-day moving average price is $363.60 and its 200 day moving average price is $393.17. 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 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.08 and a beta of 0.83.

Cable One (NYSE:CABO - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $8.16 EPS for the quarter, missing analysts' consensus estimates of $10.36 by ($2.20). Cable One had a return on equity of 11.84% and a net margin of 15.31%. The firm had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. During the same period in the previous year, the firm posted $10.43 earnings per share. The company's revenue for the quarter was down 7.0% on a year-over-year basis. As a group, equities analysts forecast that Cable One, Inc. will post 32.21 EPS for the current fiscal year.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be given 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 3.35%. Cable One's payout ratio is currently 27.02%.

Wall Street Analysts Forecast Growth

CABO has been the topic of a number of recent research reports. 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. JPMorgan Chase & Co. lifted their price target on shares of Cable One from $470.00 to $480.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company reduced their price target 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $533.33.

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.

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