Hi Line Capital Management LLC Has $1.42 Million Stock Position in Cable One, Inc. (NYSE:CABO)

Hi Line Capital Management LLC lifted its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 69.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,017 shares of the company's stock after purchasing an additional 1,652 shares during the period. Cable One comprises 0.6% of Hi Line Capital Management LLC's portfolio, making the stock its 22nd largest position. Hi Line Capital Management LLC owned 0.07% of Cable One worth $1,422,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System acquired a new stake in Cable One during the 2nd quarter valued at approximately $562,000. Hantz Financial Services Inc. acquired a new stake in shares of Cable One during the second quarter worth approximately $736,000. iA Global Asset Management Inc. bought a new stake in shares of Cable One in the second quarter worth $129,000. Lee Danner & Bass Inc. acquired a new stake in Cable One in the second quarter valued at $1,621,000. Finally, Signaturefd LLC boosted its stake in Cable One by 663.8% during the 2nd quarter. Signaturefd LLC now owns 359 shares of the company's stock valued at $127,000 after acquiring an additional 312 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Cable One Stock Performance

CABO stock traded down $9.12 during mid-day trading on Friday, reaching $352.72. The company had a trading volume of 78,343 shares, compared to its average volume of 109,249. Cable One, Inc. has a one year low of $318.68 and a one year high of $671.62. The stock has a market capitalization of $1.98 billion, a P/E ratio of 8.08 and a beta of 0.83. 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 stock's 50-day simple moving average is $363.60 and its two-hundred day simple moving average is $392.52.

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

Cable One Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders 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 yield of 3.35%. Cable One's dividend payout ratio (DPR) is presently 27.02%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. 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. boosted their target price on shares of Cable One from $470.00 to $480.00 and gave the company a "neutral" rating in a research note 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 analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Cable One presently has a consensus 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.