Markel Group Inc. Has $19.05 Million Stock Holdings in Cable One, Inc. (NYSE:CABO)

Markel Group Inc. increased its position in Cable One, Inc. (NYSE:CABO - Free Report) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,800 shares of the company's stock after purchasing an additional 5,700 shares during the quarter. Markel Group Inc. owned approximately 0.96% of Cable One worth $19,045,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of Cable One by 19.6% in the 4th quarter. Victory Capital Management Inc. now owns 976 shares of the company's stock worth $543,000 after purchasing an additional 160 shares during the last quarter. Spire Wealth Management bought a new position in Cable One during the fourth quarter worth about $46,000. Charles Schwab Investment Management Inc. grew its position in shares of Cable One by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 62,168 shares of the company's stock worth $34,602,000 after buying an additional 3,449 shares during the period. Principal Securities Inc. acquired a new stake in shares of Cable One in the 4th quarter valued at approximately $53,000. Finally, Jump Financial LLC raised its position in shares of Cable One by 115.3% in the 4th quarter. Jump Financial LLC now owns 3,972 shares of the company's stock valued at $2,211,000 after acquiring an additional 2,127 shares during the period. 89.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped 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. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $533.33.

Cable One Stock Down 1.7 %

Shares of NYSE:CABO traded down $5.99 during midday trading on Wednesday, hitting $348.93. The stock had a trading volume of 68,199 shares, compared to its average volume of 108,835. 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 business's 50-day simple moving average is $363.75 and its 200-day simple moving average is $389.90. Cable One, Inc. has a 12 month low of $318.68 and a 12 month high of $671.62. The company has a market cap of $1.96 billion, a P/E ratio of 8.13 and a beta of 0.83.

Cable One (NYSE:CABO - Get Free Report) last released its quarterly earnings data 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 11.69% and a net margin of 15.31%. The company had revenue of $394.46 million for the quarter, compared to the consensus estimate of $400.64 million. During the same period last year, the firm earned $10.43 earnings per share. The company's revenue for the quarter was down 7.0% compared to the same quarter last year. On average, sell-side analysts forecast that Cable One, Inc. will post 30.99 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be issued a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, August 27th. Cable One's dividend payout ratio is currently 27.02%.

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.