Hantz Financial Services Inc. Invests $736,000 in Cable One, Inc. (NYSE:CABO)

Hantz Financial Services Inc. purchased a new stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,078 shares of the company's stock, valued at approximately $736,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC lifted its stake in shares of Cable One by 880.9% during the 1st quarter. Jane Street Group LLC now owns 14,870 shares of the company's stock valued at $6,292,000 after buying an additional 13,354 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Cable One by 11.0% in the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company's stock valued at $207,409,000 after acquiring an additional 48,513 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Cable One in the first quarter valued at about $8,695,000. Norges Bank bought a new position in shares of Cable One in the fourth quarter worth about $35,195,000. Finally, Jump Financial LLC grew its position in shares of Cable One by 115.3% during the fourth quarter. Jump Financial LLC now owns 3,972 shares of the company's stock worth $2,211,000 after purchasing an additional 2,127 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Cable One Price Performance

Shares of NYSE CABO traded down $9.12 during midday trading on Friday, reaching $352.72. 78,343 shares of the stock traded hands, compared to its average volume of 85,876. The company's 50 day moving average is $363.60 and its 200 day moving average is $392.52. 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 PE ratio of 8.08 and a beta of 0.83. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.81 and a quick ratio of 1.81.

Cable One (NYSE:CABO - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.36 by ($2.20). The company had revenue of $394.46 million during the quarter, compared to the consensus estimate of $400.64 million. Cable One had a net margin of 15.31% and a return on equity of 11.69%. Cable One's revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $10.43 earnings per share. On average, equities research analysts anticipate that Cable One, Inc. will post 30.99 earnings per share for the current year.

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $2.95 per share. The ex-dividend date is Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.35%. Cable One's dividend payout ratio is 27.02%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price target on Cable One from $470.00 to $480.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $533.33.

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.