Maryland State Retirement & Pension System Takes $562,000 Position in Cable One, Inc. (NYSE:CABO)

Maryland State Retirement & Pension System acquired a new stake in Cable One, Inc. (NYSE:CABO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,587 shares of the company's stock, valued at approximately $562,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake 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 buying an additional 48,513 shares during the period. Massachusetts Financial Services Co. MA increased its position in Cable One by 11.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company's stock valued at $149,447,000 after acquiring an additional 27,635 shares during the period. Burgundy Asset Management Ltd. increased its position in Cable One by 26.2% in the 1st quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company's stock valued at $86,353,000 after acquiring an additional 42,376 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Cable One by 1,906.2% during 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 last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Cable One by 16.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company's stock worth $61,435,000 after purchasing an additional 15,907 shares during the period. Institutional investors and hedge funds own 89.92% of the company's stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price objective on Cable One from $470.00 to $480.00 and gave the company a "neutral" rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $533.33.

Cable One Trading Up 0.6 %

CABO traded up $2.12 during trading on Tuesday, reaching $354.84. 80,096 shares of the stock traded hands, compared to its average volume of 109,076. The stock's 50-day moving average is $363.46 and its 200 day moving average is $390.80. Cable One, Inc. has a 12 month low of $318.68 and a 12 month high of $671.62. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $1.99 billion, a PE ratio of 8.08 and a beta of 0.83.

Cable One (NYSE:CABO - Get Free Report) last released its 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). Cable One had a return on equity of 11.69% and a net margin of 15.31%. The business had revenue of $394.46 million for the quarter, compared to analyst estimates of $400.64 million. During the same period in the prior year, the business earned $10.43 EPS. The company's revenue for the quarter was down 7.0% on a year-over-year basis. Equities analysts anticipate that Cable One, Inc. will post 30.99 earnings per share for the current year.

Cable One Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors 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 3.33%. Cable One's payout ratio is presently 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.